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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. this year, actively pursuing international partnerships following a revision of its Hydrocarbons Law in 2029.

E&P 130
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Shell Expands Investment in Brazil’s Pre-Salt with Gato do Mato Project

Egypt Oil & Gas

Gato do Mato is an example of our ongoing investment in increasingly efficient projects, said Zo Yujnovich, Shells Integrated Gas and Upstream Director. The consortium anticipates that the Gato do Mato field will commence operations in 2029. The consortium anticipates that the Gato do Mato field will commence operations in 2029.

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BP Enters Into Series of Azerbaijan Deals

Rigzone

“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.

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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 HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives.

BBL 130
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How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

Rextag

production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. BP achieved upstream plant reliability of 95.4%, one of its best on record, and refining availability at 96.2%. TWh , the same as Q1 2024. BP reported Adjusted EBITDA of $8.7 shale basins.