Rigzone: News

JUNE 16, 2025

million metric tons a year by 2027. and Lummus Technology, provides technology for the production of both renewable and conventional transportation fuels, premium base oils and more sustainable petrochemicals. It has increased its SAF production capacity to 1.5 Neste aims to grow its production capacity for renewable fuels to 6.8

Oil

Rigzone

JULY 22, 2025

The facility will produce up to 2 million tonnes of LNG per annum and is scheduled to start production in 2027. The collaboration agreement aims for a long-term and structured approach to securing a reliable gas supply for the state’s expanding domestic demand, while enabling sustainable industrial growth, according to Petronas.

IT

Oil & Gas 360º

AUGUST 5, 2025

The company plans to start up around five upstream projects by 2027, but it has relatively limited reserves to sustain and grow its production over the long-term, meaning it will likely seek to acquire assets or another company.

Upstream

Oil & Gas 360º

JULY 22, 2025

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Hydraulic Fracturing

Rigzone

JULY 25, 2025

Construction is underway, and the facility is expected to enter service in the summer of 2027, the company said in a news release. Enbridge's estimated project cost is $900 million and the project is expected to be accretive to cash flow and earnings per share starting in 2027, the company said.

Natural Gas

Oil & Gas 360º

JUNE 11, 2025

crude output to 14 million barrels per day in 2027, up from 13.2 Further, the country drew down considerably on its foreign exchange reserves in past oil price wars, limiting its ability to sustain another long war now. shale boom plateaus. The EIA has predicted a small increase in U.S. million barrels in 2024.

Oil

Rigzone

JULY 25, 2025

Construction is underway, and the facility is expected to enter service in the summer of 2027, the company said in a news release. Enbridge's estimated project cost is $900 mllion and the project is expected to be accretive to cash flow and earnings per share starting in 2027, the company said.

Natural Gas

McKinsey

JULY 29, 2025

Average power densities have more than doubled in just two years and are expected to rise nearly four times by 2027. Sustainability ambitions driven by renewable-energy providers. What regional challenges does the data center sector face?

Telecommunication

Rigzone

JULY 2, 2025

“It includes the set-up of new industrial plants consistent with the energy transition and decarbonization of industrial sites across sustainable chemistry, as well as biorefining and energy storage”, Eni added. With an investment of around EUR 2 billion ($2.36 Eni expects to complete the plan by 2029.

Operator

McKinsey

JULY 9, 2025

ELTIFs are expected to reach estimated AUM of €65 billion to €70 billion by 2027. By doing so, they could not only weather the current uncertainties but also position themselves for sustainable growth. For example, European Long-Term Investment Funds (ELTIFs 2.0,

Management

OilPrice

JUNE 4, 2025

According to a press release, the group pledged to develop a mechanism to assess the maximum sustainable production capacity (MSC) of member countries that will be used as reference for 2027 production baselines.

Mechanic

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. billion share repurchase program completed on April 25, 2025.

Oil

Oil Gas Leads

MAY 11, 2025

oil production resilience depends on two pillars: An inventory of low-cost projects (sub-$40/bbl) Sustained operational activity to avoid decline and cost inflation Insights from the top oil & gas CEOs reinforce this modelbut they also reveal growing concern about capital discipline and production headwinds.

Sustainability

Oilholics Synonymous Report

MARCH 8, 2025

In a nutshell, test flights of the prototype are scheduled for 2027, and first delivery of the aircraft by 2030, with an ambition to produce and move up to 250 planes er year by / before the middle of the next decade. Electric air mobility has been on my mind since 2007, when sustainability wasn't even mainstream as it is today.

Engineering

Oil & Gas 360º

JUNE 4, 2025

production driven by pro-development policies will keep pace, preventing sustained price increases. After 2027, they expect prices to ease as U.S. Despite the current price increases in the Spring 2025 Survey, banks expect natural gas to settle back into the $3.15-$3.25/MMbtu MMbtu range, mirroring Fall 2024 predictions.

BBL

Enverus

APRIL 8, 2025

We expect WCSB oil production will fill existing pipeline capacity by 2027. trade tensions and oil price declines, if sustained, may slow down oil sands growth but only at the margin, given these are long lead time projects and significant capital is already sunk. Existing projects deliver the lowest-breakeven oil in the region.

Oil

Oil Review Middle East

MAY 6, 2025

Set to join the fleet between 2027 and 2028, they will be developed through a collaboration between ADNOC Drilling and Honghua Group (HH) which will see AI, advanced digitalisation and real-time analytics embedded into rig design and operations.

Offshore

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. The LTDP1 project aims to expand sustainable production capacity to 450,000 up to 2035.

Engineering

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

Egypt Oil & Gas

APRIL 15, 2025

Sidi Kerir Petrochemicals Company (SIDPEC) achieved a net profit of EGP 2.539 billion in 2024, a 3% increase from 2023, driven by strong financial performance and sustainable growth despite global challenges.

Petroleum

Oil & Gas 360º

APRIL 15, 2025

Amplify standalone hedge book: 2025 2026 2027 Natural Gas Swaps: Average Monthly Volume (MMBtu) 585,000 500,000 137,500 Weighted Average Fixed Price ($) $ 3.75 $ 3.79 $ 4.01 Juniper standalone hedge book: 2025 2026 2027 Oil Swaps: Average Monthly Volume (Bbls) 68,750 38,500 Weighted Average Fixed Price ($) $ 71.83 $ 66.79

Energy

Oil & Gas 360º

JUNE 4, 2025

Airlines can purchase carbon credits in the voluntary market, which must meet the high CORSIA standards, or they can purchase sustainable aviation fuel. The amount of emissions covered will expand greatly when Phase 2 starts in 2027 with the inclusion of Brazil, India, Russia and China in the scheme.

E&A

SmartBrief

APRIL 9, 2025

As the Fourth Industrial Revolution unfolds, the World Economic Forum estimates that 44% of workers core skills will need to be updated by 2027, emphasizing the urgent need for new competencies to keep pace with technological advancements and Gen AI. However, technical expertise alone is insufficient.

Management

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

SmartBrief

MARCH 27, 2025

ECommerce is boomingmore than 33% of the population is shopping online , and the industry is expected to surpass $8 trillion by 2027. Todays consumers expect personalized shipping experiences, from same-day delivery to sustainable packaging options and carrier preferences. within the next two years. Personalization matters.

Management

Oil Gas Leads

MARCH 14, 2025

The first phase of this initiative will involve the delivery of seven GE gas-powered turbines, expected to begin providing power in 2027. 1 are demonstrating how energy and tech companies can collaborate to drive sustainable and efficient power solutions. This approach leverages the U.S.’s Chevron, GE Vernova, and Engine No.

Natural Gas

Oil & Gas 360º

APRIL 23, 2025

Torquay Waterflood Update As part of our commitment to long-term sustainability, Saturn continued to invest in our waterflood projects during the quarter. 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 GJ to $3.35/GJ.

Gas

Oil Gas Leads

APRIL 29, 2025

As 2025 progresses, BPs focus on safe operations , cost discipline , and strategic investment will be critical to creating sustained shareholder value through a shifting energy market landscape. billion (up from $1.2 billion in Q4 2024) Pre-tax Earnings (RCPBIT): $4.5 billion, impacted by a $3.4

Exploration and Production

Oil Review Middle East

MARCH 14, 2025

The future of energy is not only about sustainability. The company plans to ramp up oil and gas investment to US$10 bn a year and grow production to 2.32.5mn bpd in 2030, targeting 10 new major projects to start up by end 2027, and a further 810 by end 2030. Security and affordability must share the stage.

Exploration and Production

True Energy

JANUARY 29, 2025

Enabling fleets with vehicle-to-grid solutions can unlock cost savings, enhance grid stability, and drive a more sustainable energy future. fleets will integrate V2G by 2027, and the market is expected to grow from $2.78 Share on EV fleets can leverage smart charging and V2G to generate earnings up to $16,000 per vehicle annually.

Management

True Energy

NOVEMBER 26, 2024

Gain insights into leveraging new technologies and adapting to regulatory changes to advance grid modernization and sustainability efforts in the energy sector. Analysts expect that the US DER market will nearly double by 2027. Energy flexibility requirements are set to double in the EU between now and 2030.

Energy

True Energy

NOVEMBER 24, 2024

Preparing now ensures utilities can harness the full potential of V2G fleets to reduce costs, balance loads, and support a sustainable energy future. Industry analysis predicts that 10 to 20 per cent of US fleets will adopt V2G by 2027 , with other countries already continuing along the same trajectory. billion in 2021.

Utilities

True Energy

DECEMBER 3, 2024

Grid congestion challenges also make connecting new renewable energy assets and meeting sustainability goals more difficult. times more by 2027 than in the last five years. Moreover, grid congestion often increases energy costs as demand outstrips supply, causing price spikes that affect both businesses and consumers.

Energy

OilPrice

MAY 26, 2025

energy executives are forecasting a significant increase in offshore oil production under a potential second Trump administration, attributing this to streamlined permitting processes, sustained investments, and technological advancements. million bpd by 2027, according to estimates from the U.S. million barrels per day (bpd) to 2.4

Offshore

Oil & Gas 360º

APRIL 17, 2025

The project was expected to start producing power in 2027. . “Proceeding with the project without any tax credit, is probably a worst-case scenario for Equinors shareholders, he said. It is a key part of New York states efforts to reduce the use of fossil fuels and combat climate change.

Offshore

McKinsey

JUNE 30, 2025

Power and battery limits reduce uptime Humanoid robots performing dynamic tasks require batteries capable of sustaining high discharge rates. This includes Agility Robotics, which intends to scale from 1,200 units of Digit robots in 2025 to 7,500 by 2027 at a new facility in Oregon.

Exploration and Production