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Global oil and gas discoveries hit 40-year low in 2025 amid investment cutbacks
The number of new oil and gas field discoveries worldwide in 2025 fell to the lowest level in more than 40 years, with volumes at those fields falling to one-tenth of the 2013 peak. This decline is attributed to reduced investment by global energy companies, a decarbonization push, and growing technical difficulty in exploration.
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Source：Nikkei Asia · Source Link
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