Ernst & Young released its bi-annual oil and gas Global Capital Confidence Barometer on May 7. It highlights that nearly half (44%) of the 152 oil and gas company executives surveyed believe the global economic situation is improving, up from 27% in October 2012.

Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new EIA-sponsored study released today (June 10, 2013).

The rapid increase in natural gas, natural gas liquids, and crude oil production from onshore domestic shale formations has been positive for revenue, costs, and credit quality in many corporate industry sectors, while materially hurting others.

While the Australian LNG sector has massive financial potential, ballooning development costs, driven by the prodigious strength of the Australian dollar, are continuing to chip away at profit forecasts. But despite the emergence of such a challenging macroeconomic environment, the national government is unlikely to offer concerned investors any respite, says an energy expert with research and consulting firm GlobalData.

Most rated US exploration and production (E&P) issuers continue to carry stable outlooks and will continue to remain stable at least for the remainder of this year, said Standard & Poor's Ratings Services in an industry report card published May 17, 2013, titled "Outlook On US Exploration And Production Industry Remains Stable On Strong Oil Prices."

Oil and gas executives are increasingly optimistic about the global economy and industry jobs, according to Ernst & Young’s 8th Global Capital Confidence Barometer.

So far this year, Canada’s oil and gas industry is continuing to expand, but at a less healthy pace than it has enjoyed recently, says a report published May 8 by Standard & Poor's Ratings Services.

The most viewed articles on OGFJ.com for the month of April 2013.

Environmentalists have made it no secret that they aren't happy with the dramatic rise of the natural gas industry, but given the current economic climate and global market demand, there's no other form of energy they should be more excited about.