Another good news in the country is its shale-drilling industry stabilizing because of shale producers' capital discipline practice.
Experts believe this is the year the U.S. oil output will replace the record reached in 1970.
Forecasts point to a strong year for the oil and gas industry, although it would not be smooth sailing.
Despite the increase in renewable energy sources, oil and gas continue to be the biggest players in the energy sectors.
Critics, however, are not convinced that Shell, BP, and Exxon are turning over a new leaf.
With lower demand and other oil-producing countries flooding the oil market, an oil price crash could happen next year.
State-run firms were not able to meet the target oil output, prompting the India's DGH to look for a better resolution.
The interest in fracking in the U.K. is waning amid the transition to use renewable energy.
The public and opposition are criticizing the UK government's support for Brazil's oil efforts.
The US Energy Information Administration predicted the biggest boom in oil and gas for the US for the first time since 1950.