After releasing revenue growth that slightly beat expectations, Schlumberger (NYSE:SLB) described what it expects from the oil and gas market over the next 52 weeks. Most of the prospects reside outside of the United States, except the Gulf of Mexico. Because Schlumberger is involved with most of the larger companies in the energy industry, its projections carry some weight. Click on the video below for Motley Fool energy analyst Taylor Muckerman's take on what can be expected during this year.

Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Halliburton. The Motley Fool owns shares of Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.