As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent. The oil and gas industry is on course for its worst discovery toll since 1946, according to new Rystad Energy analysis. Global oil and gas finds in 2021 will hit their lowest full year level in 75 years if the remainder of December fails to yield any significant finds, the company outlined. As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent (boe), which marks a significant drop from the 12.5 billion boe which Rystad highlighted was discovered in 2020. 2019 saw 15.8 billion boe discovered, 2018 saw 9.9 billion boe, 2017 saw 12.1 billion boe, 2016 saw 7.9 billion boe and 2015 saw 20.3 billion boe, a Rystad chart shows. Seven new discoveries were announced this […]