This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
BP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027. 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.
Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year by Jov Onsat | Rigzone Staff | Monday, June 09, 2025 | 3:37 AM EST Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year.
Cypre is one of BPs 10 major projects expected to start up worldwide between 2025 and 2027, announced as part the reset strategy to grow upstream production.
Cypre is one of BPs 10 major projects expected to start up worldwide between 2025 and 2027, announced as part the reset strategy to grow upstream production. 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.
Reported upstream production in the first quarter is expected to be lower compared to the prior quarter, with oil production slightly higher and gas and low-carbon energy output lower, including announced divestments in Egypt and Trinidad completed towards the end of prior quarter, BP said in a Q1 trading statement on Friday.
Last week, BP said that it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset. This means increasing oil and gas investment to about $10 billion per year and slashing transition investment to around $1.5
Mento is one of bps 10 major projects expected to start up worldwide between 2025 and 2027 that bp announced earlier this year as part of its strategy to grow the upstream.
“Argentina LNG is a large-scale integrated, upstream and midstream gas development project designed to develop the resources of the onshore ‘Vaca Muerta’ field and serve international markets”, Eni added. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
"BP's discrete assets, both upstream and downstream, will no doubt capture large interest from a number of both energy and private equity players," he added. "That said, it seems unlikely that Adnoc would consider a full bid for BP as a whole given the company would not be strategically interested in BP's oil assets.
Repsol report 458 millones de euros entre enero y marzo en su Upstream, un 3,6% ms que en el mismo periodo del ao anterior, con una produccin total de 540 mil barriles equivalentes de petrleo al da Repsol anunci sus finanzas del primer trimestre de 2025, donde obtuvo un resultado neto de 366 millones de euros, lo que representa un 62.2%
Rystad forecasts QatarEnergy will invest between US$14-15bn per year over the next few years as it continues to invest heavily in the North Field gas field and expanding LNG capacity, while ADNOCs expenditure, which reached US$5.7bn last year, is forecast to increase given its target of 5mn bpd production capacity by 2027.
(NYSE: AMPY) (Amplify or the Company) today announced an amendment to the existing terms of its previously disclosed Agreement and Plan of Merger with Juniper Capitals (Juniper) upstream Rocky Mountain portfolio companies. Weighted Average Floor Price ($) $ 3.50 $ 3.58 $ 3.56 Weighted Average Floor Price ($) $ 70.00
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
Looking ahead, BP plans to drill around 40 exploration wells over the next three years , underscoring its ambition to expand its upstream production base. This shorter cycle time from drilling to production optimizes capital efficiency and improves returns. billion (up from $1.2 billion in Q4 2024) Pre-tax Earnings (RCPBIT): $4.5
“These agreements represent progress against BP’s strategy to grow long-term shareholder value, contributing to its goal of growing its upstream business, as well as underlining BP’s continuing commitment to Azerbaijan,” BP continued.
Nasser, Aramcos president and CEO, noted that Aramco has made significant strides during the year on a number of projects and initiatives aimed at reinforcing its upstream pre-eminence, further integrating its downstream portfolio and developing the new energies business.
Tambin se haba informado que la expectativa de inicio para la produccin del combustible sera de tres aos, luego de recibir todas las licencias ambientales, y si se confirma la viabilidad comercial del descubrimiento, previsto hasta 2027.
According to Occidental Petroleum CEO Vicki Hollub, unless the industry embraces artificial intelligence and carbon capture technologies on a larger scale, domestic oil output could hit a production plateau as early as 2027. Going forward we will have increasing needs for energyas well as AI.
Tambin se haba informado que la expectativa de inicio para la produccin del combustible sera de tres aos, luego de recibir todas las licencias ambientales, y si se confirma la viabilidad comercial del descubrimiento, previsto hasta 2027.
BP achieved upstream plant reliability of 95.4%, one of its best on record, and refining availability at 96.2%. Hess Q1 2025 Performance Hess Corporation delivered a solid operational quarter in Q1 2025, marked by steady oil and gas production, continued development progress in Guyana, and significant investments in key upstream assets.
BP increased its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset announced in February.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content