U.S. Energy secretary Steven Chu says, "We will be living in a carbon-constrained world. Let’s get moving now and get the American invention machine going."

Stephen Richardson: “…We look for a reconsideration of spending levels particularly in light of weak  longer-dated pricing.”

A group of panelists at IPAA’s recent Private Capital Conference discussed the drivers for investment and expressed their optimism for new capital flow.

The sluggish and tumultuous Iraqi government has approved a China National Petroleum Corp. (CNPC) and BP contract to develop six oil and two gas fields in the Rumalia Field area near Basra, Iraq, according to The Associated Press.

Interest in unconventional natural-gas supplies is growing worldwide, as success in the U.S. has encouraged an evaluation of global potential.

“…The major amount of the Marcellus play will not be underneath the New York City water supply anyway….”

Barclays Natural Resources Investments partner Todd Swanson says, 'There are many challenges to international energy investment, but we think there are also many opportunities.'

U.S. onshore drilling activity is bouncing back even faster than forecast initially, says Bernstein Research oilfield-services analyst Scott Gruber.

The shallow-water Gulf of Mexico is in the headlines, from the success of McMoRan’s offshore prospect Davy Jones on South Marsh Island Block 230 to the U.S. Department of Interior’s Mineral Management Service (MMS) lease-sale revisions.

Bernstein Research senior utilities analyst Hugh Wynne says EPA attempts to curb greenhourse-gas emissions could be an unexpected boon for gas consumption.

Petro-Hunt announced that a February horizontal exploratory test on the Fort Berthold Indian Reservation flowed 1,267 BO/d and 1.24 MMcf/d.