According to the Energy Information Administration’s 2023 International Energy Outlook, coal use will taper, natural gas will either stay flat or grow and the U.S. will remain a net oil exporter.
Pickering forecasts oil around $80/bbl through 2027 and calls $75/bbl-$90/bbl the current sweet spot for pricing.
Here’s a roundup of the latest E&P headlines, including go-ahead for production at Tommeliten A and decommissioning at Dunlin Alpha, along with new contract awards.
Instead of the energy transition, industry should focus on natural gas and nuclear to supply the energy of the future, Bryce says.
Tamboran Resources with help from APA Corp. and Helmerich & Payne is advancing its goal of producing 1.5 Bcf/d by 2035 from the Australian shale play.
Assistants and chat bots are likely to be early generative AI technology entries into the industry.
Here’s a roundup of the latest E&P headlines, including the go-ahead for a North Sea subsea field to begin production and new contract awards and technology launches.
The Biden administration’s proposed 2024–2029 National Outer Continental Shelf (OCS) Oil and Gas Leasing Program would allow for the “smallest number” of offshore oil lease sales — three — in the history of five-year programs.
Politics, litigation and regulation all complicate the permitting of pipelines, analysts say.
The natural gas market may not be fun, but it’s working and Henry Hub prices will rise by 2028 as LNG and infrastructure come online, an Enverus analyst says.
