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Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

Oil & Gas 360º

Stabroek is a highly attractive asset, with 11 billion barrels of oil reserves and production costs of only around $20 a barrel, among the lowest in the world, according to consultancy Rystad Energy. million bpd by the end of 2027. ARMS RACE Exxon and Chevron both trace their roots to Standard Oil, the conglomerate formed by John D.

Oil
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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

percent reduction factor for 2024 to 2027 and 4.4 An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. billion available for allocation between 2021 and 2027, with about €630.0 In 2024, the European Commission set the CO 2 emission allowance cap at nearly 1.4

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Top 5 Strategic Trends APA Is Focusing On in 2025

Oil Gas Leads

APA is on track to implement a $350 million cost reduction plan by 2027 , cutting across LOE, G&A, and capex. Operational Innovation and Cost Optimization APA is pushing the envelope with new technologies and process enhancements: Artificial lift optimization and frac efficiency improvements are central to cost control.

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BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360º

It wasnt immediately clear whether BP has consulted on possible new hires with Elliott Management, which has demanded changes in strategy or even board reshuffles. In the upstream, BP will aim for 10 new major projects to start up by the end of 2027, and a further 810 projects by the end of 2030.

Oil
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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

billion in 2027 2029, before returning to sustaining expected capital of $0.8 In light of low current oil prices, Strathconas updated long-range plan reflects a deferral of the sanction of the Lindbergh Phase 2 expansion project from 2026 to 2027 to prioritize near-term free cash flow generation. billion in 2026 and $1.1 $1.2

BBL
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Oil Review Middle East - Untitled Article

Oil Review Middle East

Global consulting and engineering company Wood has been awarded an engineering design contract for ADNOC Offshores Lower Zakum development The scope involves detailed engineering design for Package 5 of ADNOC Offshores Lower Zakum Long-Term Development Phase 1 (LTDP1) project, on the UAEs Das Island.

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Rio Tinto, Mitsubishi y asociados fabricarán hierro a base de hidrógeno 

Oil & Gas Magazine

La puesta en marcha de la planta est prevista para mediados de 2027 y recibi su financiacin por el gobierno federal austriaco a travs de su programa “Transformacin de la Industria”, gestionado por Kommunalkredit Public Consulting (KPC), y la iniciativa “Transicin Doble”, administrada por Austria Wirtschaftsservice (aws).