Short-cycle U.S. shale production is growing and will grow next year too.
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China'.s LNG import volume is soaring as it moves to fulfill growing domestic demand for gas.
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Media reports claimed Total is looking to sell off more than £1 billion worth of assets.
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Chile is set to become a key source of desalination project opportunities.
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Not only is U.S. shale production growing. but the shale industry as a whole is expected to become profitable this year for the first time in history.
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Rystad Energy expects production to rise rapidly beyond 100 000 bpd.
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The company has been underexposed to the hottest market in global oil since the sale of its U.S. shale assets in 2010.
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The study is based on date only up to October 2014.
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Sechin said last month he was satisfied with oil prices rising to $70-$80 per barrel.
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GDP growth forecast at 1.9 per cent in 2018 following Opec meeting in June.
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