World Oil and Gas Exploration Sluggish, Investors Anxious Over Electric Vehicle

July 30, 2024, 03.25 PM | Reporter: Arfyana Citra Rahayu

ILUSTRASI. Petugas memeriksa panel surya terapung sebelum peresmian Pembangunan pertama PLTS Terapung Cirata di kawasan Waduk Cirata, Kecamatan Cipeundeuy, Kabupaten Bandung Barat, Jawa Barat, Kamis (17/12). PT PJB Investasi (PT PJBI) sebagai anak perusahaan PT Pembangkitan Jawa-Bali (PT PJB) bekerja sama dengan perusahaan asal Uni Emirat Arab (UEA) Masdar dalam pembangun PLTS Terapung Cirata 145 MWac terbesar se-Asia Tenggara sekaligus terbesar kedua di dunia dalam rangka meningkatkan bauran Energi Baru Terbarukan (EBT) agar mencapai target 23 persen di tahun 2025 dengan nilai investasi proyek mencapai 129 juta USD atau sekitar 1,8 triliun rupiah. ANTARA FOTO/M Agung Rajasa/hp.

NEW YORK - GREEN ENERGY. The estimated total of global recoverable oil resources has decreased by 700 billion barrels since 2019 due to a decline in oil and gas exploration. This is triggered by oil investors' concerns about the development of vehicle electrification.

Recoverable oil refers to the portion of total resources that can be commercially extracted using technically feasible recovery projects.

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