2018

The prolific Permian Basin, the mature super basin that extends from West Texas into southeastern New Mexico, should reach an oil production record this year of 815 million bbl-plus, far exceeding the previous peak of 790 million bbl set in 1973, according to IHS Markit.

Natural gas generation sets (gensets) are becoming more popular for distributed power generation installations and could surpass 13 GW of capacity worldwide by 2018, according to Navigant Research.

Canada Minister of International Trade Ed Fast said his country is an “energy superpower” that “must” export more oil and natural gas to Asian markets in announcing plans for a trade mission to China and Japan in hopes of increasing exports.

Production from North American shale plays will continue to keep natural gas prices from increasing significantly any time soon, Royal Dutch Shell plc CEO Peter Voser told financial analysts in London Thursday.

Antero Resources announced Monday that its proved reserves had increased 73% in one year by the end of 2012, while its proved, probable and possible (3P) reserves had increased 94% and its natural gas liquids (NGL) reserves increased by 170% during the same time frame, all thanks to discoveries in the Marcellus and Utica shale plays.

Shale natural gas produced in the Northeast will supply more than 80% of the physical gas going to New York City by 2025, according to ICF International.

Mexico will invest $10.4 billion to build more than 2,800 miles of natural gas pipelines and local distribution networks by 2018, a nearly 40% increase compared with the country’s current pipeline network, President Felipe Calderon said.

Mexico will invest $10.4 billion to build more than 2,800 miles of natural gas pipelines and local distribution networks by 2018, a nearly 40% increase compared with the country’s current pipeline network, President Felipe Calderon said.

Marathon Oil Corp. on Wednesday announced an agreement to supply more than 60 Bcf of natural gas between 2009 and 2018 to Alaska-based utility ENSTAR Natural Gas Co. Financial details were not disclosed.