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Oil & Gas Forecast 2024

February 15, 2024
Energy Workforce & Technology Council
Now in its 98th year, the World Oil Forecast is one of the upstream oil and gas industry's most trusted sources of projections and data relating to global E&P activity. Utilizing data collected from proprietary surveys of governments and operators in the U.S. and worldwide, this definitive industry report includes projections for spending and activity, worldwide drilling and production, and an analysis of political factors impacting the U.S. and international oil and gas industry. Now, more than ever this information will help market leaders make decisions relating to their businesses.
News
January 28, 2024
Energy Workforce and Technology Council released a statement warning of the critical impacts that will be felt on both a national and international scale if the administration moves forward in halting permits for U.S. LNG export facilities.
News
January 26, 2024
The Biden administration on Friday officially halted the approval of new licenses to export U.S. liquefied natural gas (LNG) while it scrutinizes how the shipments affect climate change, the economy and national security — a moratorium likely to disrupt plans for billions of dollars in projects.
News
January 25, 2024
In a letter to Secretary Granholm and senior administration officials, the groups emphasized the critical role that continued U.S. LNG exports play in safeguarding national security, creating U.S. jobs, supporting our European allies and contributing to global climate goals.
News
January 25, 2024
U.S. LNG is critical for helping Europe replace Russian gas. If the administration moves forward with this, it would undercut President Biden’s own pledge to send roughly 5 Bcfd of LNG through 2030 to Europe to help end its dependence on Russian gas.
News
January 24, 2024
A halt in approvals or other significant changes to Energy Department reviews of plans to widely export liquefied natural gas (LNG) threaten to disrupt development of huge LNG terminals along the Gulf Coast and elsewhere.
News
January 21, 2024
Natural gas producers and pipeline companies are warning the Biden administration against any move to pause U.S. liquefied natural gas (LNG) export approvals, saying it would squander the climate benefits of replacing dirtier coal-fired power worldwide.
News
January 12, 2024
The U.S. natural gas and oil industry is taking action to reduce methane emissions while continuing to produce affordable, reliable energy. Average methane emissions intensity declined by nearly 66 percent across all seven major producing regions from 2011 to 2021.
News
January 09, 2024
Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman released a statement ahead of the House Energy and Commerce Committee hearing on Wednesday, Jan. 10 at 10:00 a.m. ET examining Environmental Protection Agency (EPA) actions affecting American oil and natural gas operations, particularly those regulations and programs related to methane emissions.
Article
December 2023
If he can survive potential challenges from within his own party, U.S. House Speaker Mike Johnson could be a powerful advocate for oil and gas development.
News
December 08, 2023
The American Petroleum Institute (API) has called on the Biden administration to recognize the important role that Alaska plays in U.S. energy security and support the continued development of energy resources in the National Petroleum Reserve.
News
December 06, 2023
Methane emissions in the U.S. are down about 66% and down 76% in Texas. Additionally, EPA regulated emissions are down 78% in the last 50 years, while the economy boomed by 286%, population increased by 61%, and energy use is up by 37%. 
News
December 06, 2023
The drafted blueprint includes requirements sought by some environmentalists that would limit the $3-per-kilogram credit to hydrogen-production operations powered by wind, solar or other clean-power projects built within the last three years, according to people familiar with the plan.
News
December 03, 2023
Energy Workforce believes the most effective actions should incentivize the creation of new technologies and streamline the requirements under the rule while not creating overly burdensome federal regulations that serve as a tax on domestic energy production. 
News
November 27, 2023
Alberta Premier Danielle Smith’s government said in a statement that Alberta, which relies on natural gas for the bulk of its power generation, is able to achieve a net-zero power grid by 2050 but the 2035 target would be “unaffordable, unreliable and unconstitutional” and puts people at risk of “freezing in the dark” when temperatures drop as low as minus-23F.
News
November 16, 2023
Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil-field deal.
News
November 15, 2023
(WO) — The Railroad Commission of Texas assessed $1,063,647 in fines involving 342 enforcement dockets against operators and businesses at the Commissioners’ Conference on Nov. 15.
News
November 15, 2023
(WO) — National Ocean Industries Association President Erik Milito issued a statement following the order by the U.S. Court of Appeals for the Fifth Circuit, which dismissed the appeal against the preliminary injunction for Lease Sale 261.
News
November 15, 2023
(WO) — The American Petroleum Institute (API) welcomed the U.S. Court of Appeals decision for the Fifth Circuit to lift unjustified restrictions on oil and natural gas vessels, as stated by Senior Vice President and General Counsel Ryan Meyers.
News
November 14, 2023
Edward Cross, Kansas Independent Oil & Gas Association’s President, has been chosen as a 2023 Top Lobbyist by the National Institute for Lobbying & Ethics (NILE).
News
November 10, 2023
The ruling by Alaska-based U.S. District Judge Sharon Gleason means ConocoPhillips can continue developing the $7.5 billion project in the National Petroleum Reserve-Alaska that promises to eventually yield some 180,000 bopd.
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