(EnergyAsia, January 4 2011, Tuesday) — The race for deepwater oil is intensifying as countries are coming to grasp with the world’s declining capacity to meet surging demand which reached a record 87.4 million b/d in 2010 and is expected to rise further. With few new major finds, oil fields depleting at a rate of…
UPSTREAM: Race on for deepwater oil as world spare capacity dives
Posted on January 3, 2011 by EnergyAsia