Global Oil Majors Suspend New Drilling Projects Amid Falling Crude Prices
Story: Written by Zara SAEPTEMBER 15,2025
Leading international oil companies have halted plans for new drilling projects following a sharp decline in global crude oil prices.
Industry sources confirmed that several major players are adopting a “wait-and-see” approach as market volatility continues to weigh on investment decisions. The freeze is aimed at minimizing losses and preserving capital until prices stabilize.
Analysts say the suspension of drilling could affect global supply forecasts, particularly in regions heavily reliant on new exploration to sustain output levels.
Energy experts also warn that prolonged hesitation by oil majors could trigger longer-term supply shortages once demand begins to rebound.
The decision reflects growing uncertainty in the global energy sector, with companies balancing cost-cutting measures against the need to secure future production.
