Big investments, rising urgency in the energy sector

The U.S. energy sector enters 2024 on something of a roll. Oil and gas companies are bringing more product than ever to market and many have made remarkable efficiency improvements in recent years. In addition, big acquisition plans by ExxonMobil, Chevron and Occidental will produce lots of knock-on effects and possibly contribute to a slowing in capital spending.

Electric utilities, meanwhile, and other players are investing billions in renewable projects and grid improvements – although not always without incident or stumbles. But energy-efficiency initiatives across the country and the world are far more likely to pick up momentum than to fade.

Here are a handful of pieces from some of our energy brands that help set the stage for the year ahead:

Oil & Gas Journal – S&P: U.S. heads into 2024 producing more oil than any country in history

Offshore – International E&P outlook will remain healthy for 2024, report says

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EnergyTech – IEA: Energy-efficiency improvements slowing worldwide, threatening ability to achieve Paris agreement by 2050

Offshore – Report claims offshore wind impetus set to continue

Oil & Gas Journal – Dallas Fed survey sees E&P firms pulling back on capex growth plans

The Outlook 2024 series of market reports is compiled by Endeavor Business Intelligence. EBI delivers all the critical ingredients – deep research expertise, trusted brands, subject matter experts, rich audience databases, creative thinking, and design services – that bring data to life.