Oil & Gas 360º

JUNE 18, 2025

However, the firm sees limits to upside as supply begins to pick up: “We believe these levels balance the potential benefit of an extended period of elevated geopolitical risk premium within oil prices against the potential downside of oil market oversupply into 2026.”

Oil

Oilfield Technology

AUGUST 4, 2025

“Our ability to move from resource discovery to first oil at record pace underscores our relentless pursuit to grow shareholder value.” ” Argos Southwest Extension is one of 10 major project startups bp plans to deliver globally by 2027, as part of the strategy to grow its upstream business and long-term shareholder value.

Exploration and Production

Oil & Gas Journal

AUGUST 4, 2025

Official groundbreaking activities for the new hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) production plant—the first of its kind in South Korea—began on Aug. Robert Brelsford Aug. 4, Eni and LG Chem said in separate releases. 14, 2025 ).

Exploration and Production

Oil & Gas 360º

JUNE 24, 2025

On Monday, Hungary and Slovakia said they would not support the new sanctions without changes to the proposal to ban imports of Russian energy by 2027. The package targets more of Russia’s energy revenues by listing banks and hitting its shadow tanker fleet. “We remain optimistic.”

Mechanic

Oil & Gas 360º

JULY 22, 2025

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Hydraulic Fracturing

Oil & Gas 360º

AUGUST 5, 2025

onshore production to subsequently decline next year and into 2027. Lower 48 oil output is expected to fall by 200,000 bpd next year, followed by a further decline of 130,000 bpd in 2027, as operators drop rigs in response to persistently low oil prices, Wood Mackenzie analysts said. rig count

Oil

Oil & Gas 360º

JUNE 11, 2025

crude output to 14 million barrels per day in 2027, up from 13.2 That said, Saudi Arabia and OPEC+ do not have carte blanche to continue flooding the markets with oil: the Kingdom needs Brent price of at least $96.20 shale boom plateaus. The EIA has predicted a small increase in U.S. million barrels in 2024.

Oil

OilPrice

APRIL 16, 2025

crude oil production is set to peak at around 14 million barrels per day (bpd) in 2027, according to the Annual Energy Outlook 2025 of the U.S. oil production is set to remain around the 14 million bpd level by 2030 and in the early 2030s, after which it is expected to decline faster through 2050 as the shale boom fades.

Oil

BOE Report

APRIL 15, 2025

oil production will peak at 14 million barrels per day (bpd) in 2027 and maintain that level through the end of the decade, before rapidly declining, the U.S. Oil output from the world’s largest producer will fall to about 11.3 Energy Information Administration (EIA) said on Tuesday. million bpd in 2050, from around 13.7

Crude Oil

Oil & Gas 360º

APRIL 3, 2025

(Oil Price) –BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035.

Gas

Oil & Gas 360º

APRIL 11, 2025

In its strategy reset in February, BP pledged to reduce its net debt to $14-billion-$18 billion by 2027, from more than $20 billion now. This month, BP began announcing new oil and gas project start-ups as part of its plan to have 10 major projects launch worldwide between 2025 and 2027 and grow upstream production.

Natural Gas

Oil & Gas 360º

APRIL 29, 2025

BPs management touted the early results of the strategy reset and the three project start-ups this year, out of 10 major projects expected to begin oil and gas production by 2027. BP remains committed to a target to reduce net debt to $14-18 billion by the end of 2027.

Oil

Oil & Gas 360º

MARCH 4, 2025

This means increasing oil and gas investment to about $10 billion per year and slashing transition investment to around $1.5 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. Production is also expected to grow, to 2.32.5

Oil

Oil & Gas 360º

JUNE 4, 2025

After 2027, they expect prices to ease as U.S. Banks expect natural gas prices to stay strong, in the $3.50-$3.75/MMbtu MMbtu range through 2026, because of high liquified natural gas export demand and growing energy needs from artificial intelligence infrastructure. production starts to outpace demand growth.

BBL

Oil & Gas 360º

MAY 15, 2025

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

Oil & Gas 360º

MAY 15, 2025

oil production to peak between 2027 and 2030. Industry Veterans Are Taking Notice Stice isnt the only one sounding the alarm. At this years CERAWeek in Houston, Occidental CEO Vicki Hollub said she expects U.S. ConocoPhillips’ chief Ryan Lance gave a similar timeline.

Oil

Oil Review Middle East

MAY 23, 2025

Located around 65 km northwest of Abu Dhabi, Lower Zakum Field is one of ADNOCs most significant offshore assets as it seeks to meet its production target of 5mn bpd by 2027. Wood will develop crude oil stabilisation mechanisms at Das Island, which will support the sustainable production of oil at the site until 2035.

Engineer

Egypt Oil & Gas

MARCH 17, 2025

The project is expected to achieve a peak production of approximately 12,000 boe/d in 2027. CNOOC Limited is committed to building intelligent offshore oil and gas fields and developing oil and gas resources in a green and low-carbon manner, so that it could provide the society with clean, reliable, and stable energy supplies.

Associated Gas

Oil Gas Leads

MARCH 8, 2025

Growing Midstream EBITDA Through Permian Expansion The Permian is a major driver of Midstream earnings growth for Phillips 66, and they expect these investments to contribute to their $1 billion Midstream EBITDA growth goal by 2027. Crude oil and NGL volumes are rising , driving more demand for transportation and processing.

Basin

Oil Review Middle East

MARCH 10, 2025

The Marjan and Berri increments are expected to be onstream in 2025, with the Zuluf field increment scheduled to follow in 2026 and the second phase of Dammam in 2027. Global oil demand reached new highs in 2024, and we expect further growth in 2025.

Downstream

Oil Gas Leads

MARCH 11, 2025

Pipeline Investments: Expanding Permian Takeaway Capacity With NGL and crude oil production rising , Enterprise is investing in pipeline infrastructure to ensure smooth transport from the wellhead to export hubs. Our goal is to export over 100 million barrels a month by 2027.” ” The rise in U.S. hydrocarbons.

Midstream

Oil & Gas 360º

APRIL 23, 2025

Using currency swaps, Saturn locked-in the FX rate on the principal and interest payments of our US denominated Senior Notes through mid-2027 at $1.3394 CAD to $1.00 IP30 rates cited herein are comprised of over 97% light crude oil and just under 3% natural gas. USD ($0.7466 USD to $1.00 GJ to $3.35/GJ.

Gas

Oil & Gas 360º

MAY 28, 2025

(Investing) –LONDON/MOSCOW -OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July. Angola quit the group in 2024 over a disagreement on its production target.

Mechanic

Oil & Gas 360º

MAY 19, 2025

oil production is being accelerated and could be sooner than previously expected. crude oil production in which the slowdown in shale would be partly offset by rising output from the U.S. production overall would peak between 2027 and 2030. But some of them have already said that the peak in U.S.

Oil

Oil & Gas 360º

APRIL 30, 2025

will need 50 gigawatts of new power by 2027, equivalent to about 50 nuclear reactors. Analysts estimate that ~47 GW of additional power generation capacity will be required to meet the growth in U.S. data center power demand by 2030. Similarly, Anthropic estimates that the U.S.

Gas

Oil & Gas 360º

APRIL 23, 2025

Elliott is pushing bp to prioritize achieving $20 billion in annual free cash flow by 2027, 40% higher than the companys current target, the Financial Times reported on Tuesday. Eight weeks ago, we announced a fundamentally reset strategy, and our focus now is on delivering that at pace, spokesman David Nicholas said in an emailed statement.

IT

Oil & Gas 360º

MAY 16, 2025

The pipeline is expected to be 84% full this year, and ramp up to 92% in 2027. Given Chinas increased desire to find new, stable supplies of crude, the bulk of any additional capacity on TMX is likely to go to Asia rather than the U.S.

Pipeline

Oil & Gas 360º

APRIL 28, 2025

Equinor will nearly halve its investments in renewables and low-carbon solutions to around $5 billion in total after project financing for 2025-2027. Inflation, interest rates, supply chain issues, and regulatory uncertainty are reducing the pace of the energy transition, Equinors CEO, Anders Opedal, said.

Supply Chain

Oil & Gas 360º

MAY 12, 2025

Biden, a Democrat, sold a record 180 million barrels from the SPR in 2022 after Russia, a leading oil producer, invaded Ukraine, bringing the reserve down to its lowest level in 40 years. The Biden administration had worked with Congress to cancel congressionally mandated sales to help keep levels in the SPR from falling.

Petroleum

Valor

MARCH 31, 2025

Read more Oil and gas execs reveal where they expect WTI oil price to be in the future Summary : The first-quarter 2025 Dallas Fed Energy Survey found that executives from 124 oil and gas firms expect WTI crude oil prices to average $68 per barrel in six months, $70 in a year, $74 in two years, and $82 in five years.

Energy

Oil & Gas 360º

MARCH 13, 2025

Interior Secretary Doug Burgum vowed to open up American public land to oil and gas drillers, underscoring Trumps drill, baby, drill ethos. The United States already became the worlds top oil and gas producer under former President Joe Biden. shale oil production is set to plateau by the end of the decade. million bpd in 2026.

Energy