U.S. poised to become net energy exporter, Exxon Mobil forecasts
The U.S. could become a net exporter of energy by 2025, said William Colton, Exxon Mobil vice president of corporate strategic planning.The economic benefits of domestic oil and gas production are the equivalent of a $600 billion stimulant package for the U.S. economy, he added. More »
Gulf of Mexico will be strongest offshore market, analysts say
Researchers at the International Strategy and Investment Group forecast that the number of deepwater rigs will grow from 36 to 60 by 2015. More »
Economic concerns dampen energy growth plans
Just 36 percent of surveyed oil and gas executives had a positive outlook for corporate earnings, down from the 52 percent just six months ago, according to a global industry report. More »
Energy companies increase E&P spending 10 percent in 2012
Companies will spend a record of nearly $600 billion on global exploration and production of oil and natural gas next year, according to a Barclay’s Capital analyst report released Monday. More »
IEA cuts oil demand forecast on slower growth
The International Energy Agency cut forecasts for global oil demand in 2012 for a second month as the economic recovery loses momentum. More »
OPEC cuts oil demand forecast for 2011, 2012 as growth slips
The Organization of Petroleum Exporting Countries cut its oil demand forecasts for 2011 and next year as the global economic recovery loses momentum. More »
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