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Oil, Gas Exploration Technology Investment Tops $7bn

Oil, Gas Exploration Technology Investment Tops $7bn

New technologies to enhance exploration and production of oil and gas have attracted $7 billion in funding since 2003, specifically in the areas of shale gas, tight oil, and heavy oil, according to a report by Lux Research. Investment peaked in 2011 at $1.6 billion, while deals hit a high … Read more »