Tag: forecast

Alaska officials revise oil production estimates higher

Alaska’s Revenue Department is forecasting higher oil production than previously expected, though the overall, long-term trend is still one of decline.  More »

Upstream spending spree to slow in 2014

New projects have been the focus of major energy companies during the shale boom, with producers buying up large swaths of acreage, but upstream companies won’t be looking to continue that spending spree in 2014, according to an analysis from Deloitte.  More »

Moody’s: Moderate demand will temper power prices in 2014

The rise of solar power and environmental regulations could pose a threat to the utility industry in 2014 and beyond, according to a new forecast from the credit rating firm.  More »

Clean energy boosters blast feds’ forecast

Clean energy enthusiasts on Monday said the government is lowballing the industry’s potential.  More »

US oil boom’s end in sight, feds say

U.S. oil production is on track to reach a near historic high by 2016, before leveling off and eventually beginning to taper in 2020, according to a new federal forecast.  More »

Exxon predicts fossil fuels will reign supreme through 2040

Oil and gas will provide the bulk of the energy needed to fuel the world by 2040, with most of it coming from North America, Russia and the Middle East, Exxon Mobil predicted Thursday.  More »

Oil and gas spending to hit record in 2014

Oil and gas companies will spend more money in 2014 than they ever have to explore for and produce oil and gas, with $723 billion expected to fund the global effort, according to projections from Barclays.  More »

EIA: Oil prices will decline in 2014 as US production soars

Prices for crude and oil-based fuels, which have been declining in recent weeks, will continue to fall through the end of the year and will average lower in 2014, according to a federal report released Wednesday.  More »

Deep-water drilling expansion will strain workforce, study says

Global spending on deep-water wells will surge to $114 billion by 2022, compared to $43 billion last year, creating a critical need for offshore rig workers, according to a new analysis by Wood Mackenzie.  More »

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 »
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