Though there is no shortage of oil supply, the following projects, due to come onstream in 2010, can only help in supplying future demand.
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The number of rigs drilling for oil and gas in the U.S. climbed this week as producers continued to ramp up output in response to relatively high prices.
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The Shell Petroleum Development Company will transfer its assets in the Niger Delta to a consortium led by two Nigerian companies.
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A new round of offshore licensing will give a further boost to the UK’s offshore oil and gas industry.
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Devon’s latest discovery in Brazil will likely increase the company’s windfall when it sells off the prime offshore assets.
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