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News Breaks | | | | December 11, 2012 | | 10:04 EDT |  | XOM | Exxon Mobil sees global energy demand 35% higher in 2040 vs. 2010
The global energy landscape will evolve significantly as regional demand-and-supply patterns shift in the coming decades, creating new opportunities for international trade and economic growth, says ExxonMobil’s Outlook for Energy: A View to 2040. Oil will continue to be the most widely used fuel, but natural gas -- the fastest growing major fuel -- is expected to overtake coal by 2025 as the second most used fuel. Demand for natural gas will increase by about 65% through 2040, and 20% of global production will occur in North America, supported by growing supplies of gas from shale and other unconventional sources. The Outlook for Energy projects that North America is likely to transition to a net energy exporter by 2025. By 2040, natural gas will account for 30% of global electricity generation, compared to less than 25% today. | |
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News For XOM From The Last 14 Days Check below for free stories on XOM the last two weeks. |
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| May 23, 2013 | | 06:17 EDT |  | XOM | Papua New Guinea’s Oil Search a takeover target, Bloomberg reports
Papua New Guinea’s Oil Search (OISHY) has the fastest revenue growth in the oil industry and now may be attracting a number of suitors, from Exxon Mobil (XOM) to Total (TOT) to Woodside Petroleum (WOPEY), reports Bloomberg. Reference Link | | | May 20, 2013 | | 08:08 EDT | | XOM | EU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link | | | 05:40 EDT | | XOM | U.S. oil futures rally as many commodities decline, WSJ reports
 Subscribe for More Information | | | May 16, 2013 | | 08:01 EDT | | XOM | FMC Technologies receives subsea equpiment order from ExxonMobil
Subscribe for More Information | | | May 15, 2013 | | 08:38 EDT | | XOM | WTI crude falls for a fith consecutive day, Bloomberg reports
Subscribe for More Information | | | 07:20 EDT | | XOM | InterOil in final talks on ‘multi-billion dollar’ LNG deal, Bloomberg reports
InterOil Corp. (IOC), which has plans to develop an LNG project in Papua New Guinea, is in the final stage of talks with major oil producers and a national oil company for a “multi-billion dollar” partnership, reports Bloomberg. Royal Dutch Shell (RDS.A) has said it had discussions with InterOil and was interested in the proposed Papua New Guinea LNG plant. Reference Link | | | May 14, 2013 | | 07:10 EDT | | XOM | IEA says North American oil will dominate world supply growth, WSJ reports
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