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Exploration

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned that both trends could continue this year

DNV GL is leading a joint industry project which has already determined that wind power could be used to power water injection in offshore oilfields

An International Monetary Fund (IMF) mission to Ghana has cited increased oil production as a factor in the countrys improved economic outlook for 2017

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