(EnergyAsia, September 6, Thursday) — Oil companies around the world boosted their combined oil reserves by just two percent last year after spending a total of $139.2 billion (up 85%) acquiring other companies and unproved reserves, according to a joint study by two leading consultants.In total, the 228 companies surveyed in the study increased upstream…
MARKETS: World oil reserves up 1% entirely on Canada’s oilsands, say consultants
Posted on September 5, 2007 by EnergyAsia