Worldwide

Energy analysts predict more than 50% of the natural gas produced in the United States will come from shale by the year 2030, coupled with a rising demand for natural gas in power generation and an opportunity to export to world markets.

The International Energy Agency (IEA) warned last week that irreversible climate change will occur if bold actions are not taken worldwide within the next five years, but the agency’s chief economist said he’s not optimistic that leaders will make the sacrifices necessary.

The International Energy Agency (IEA) warned Wednesday that irreversible climate change will occur if bold actions are not taken worldwide within the next five years, but the agency’s chief economist said he’s not optimistic that leaders will make the sacrifices necessary.

In terms of oilfield services supply and demand conditions, Halliburton Co. CEO Dave Lesar sees the U.S. unconventional basins in black-and-white terms: oversupplied, undersupplied or neutral.

Rising exploration and production (E&P) budgets worldwide, in combination with strong oil prices, will drive “robust demand” for oilfield services in North American unconventional oil and natural gas shale plays, as well as in international arenas, according to a special study by IHS Inc.

Rising exploration and production (E&P) budgets worldwide, in combination with strong oil prices, will drive “robust demand” for oilfield services in North American unconventional oil and natural gas shale plays, as well as in international arenas, according to a special study by IHS Inc.

Long-term gas demand trends worldwide will support a “bright future” for liquefied natural gas (LNG), but most of the development action will be in the Pacific Basin, according to a new report from Douglas-Westwood. The Pacific Basin is expected to be “the main contributor” to a 10-year global investment high of $26 billion annually by 2015, the firm said in a new report.

A current worldwide oversupply of natural gas may dissipate as early as the winter of 2012, leading to the potential for spot prices higher than contract prices in Asia and Europe, according to analysts at Wood Mackenzie.

Long-term gas demand trends worldwide will support a “bright future” for liquefied natural gas (LNG), but most of the development action will be in the Pacific Basin, according to a new report from Douglas-Westwood. The Pacific Basin is expected to be “the main contributor” to a 10-year global investment high of $26 billion annually by 2015, the firm said in a new report.