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.

The modern global LNG industry is approaching its 50th birthday in 2014. A massive amount of new LNG capacity has been proposed — as much as 350 million (metric) tonnes per year (mtpa) — which, if all were built, would more than double current capacity (of less than 300 mtpa) by 2025.

Ahead of the annual SPE London Conference, Alejandro Primera, senior reservoir engineer and continuing education chair for SPE London examines the uncertainties surrounding sub-surface characterization and how it impacts on an oil and gas firm's future performance.

Cutbacks in US natural gas drilling and production and higher North American demand combined to decrease storage levels and raise prices above $4/mmbtu in the first quarter of 2013, according to Ernst & Young Oil & Gas Center’s quarterly analysis.