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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ENERGY
Global spending on oil and gas exploration is falling this year as the number of licensed blocks and total acreage fall to near all-time lows according to Rystad Energy.
- Spending on exploration is lower because of the covid pandemic and the following oil market crash.
- In Jan-Aug this year 21 lease rounds were completed globally compared to 42 in the same period last year. The awarded onshore acreage has fallen to the lowest in 20 years.
- Government politics have contributed to the fall in spending with a push towards net zero targets.
- “It is clear that oil and gas companies are unwilling to take on the increased risk associated with new exploration or exploration in environmentally or politically sensitive areas.” said Aatisha Mahajan, vice president of analysis, Rystad Energy.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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