Energy research firm Rystad Energy forecasts a need for “rapid growth” in natural gas supply in order to meet continuing global gas demand, even as the U.S. Energy Information Association (EIA) reports that the United States broke records in natural gas exports in the first six months of 2023. New Natural Gas Production Needed to
Thanks to the shale revolution, the United States will account for almost a quarter of global oil and natural gas production by the early 2030s, according to the head of Rystad Energy. This rising global footprint comes from continued innovation by American energy companies, which allows them to optimize operations and extract oil and natural
Dramatic growth in American energy production has reshaped world energy markets over the past few years. U.S. shale oil – which was the world’s most expensive oil resource a mere four years ago – is now the second most affordable source of new oil supply globally, trailing only the giant onshore oil fields of the