Hurdles ahead for growth in non-OPEC liquids output

During the last 40 years, the world has experienced almost uninterrupted crude oil demand and production growth. With a few exceptions, large discoveries from 1960 to 1980, as well as sizable reserves surpluses, allowed for sustained crude market equilibrium, to which much of the world grew accustomed. However, as demand has grown and as exploration has matured in the majority of the world's basins, production levels have begun to exceed additions of new reserves by 12-15 billion bbl/year. For each of the last 20 years, the world has been producing and consuming twice as much oil as it has been finding. To assess the long-term consequences of this trend, PFC Energy conducted a detaile...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected