Rigzone

JULY 2, 2025

Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006. million barrels a day. million daily barrels within a year, according to Seliman. Libya currently pumps about 1.4 Waha Oil Co.,

Oil 83

Oil Exploration and Production Barrel Field 83

Offshore Energies UK

JUNE 23, 2025

billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas. These resources include: 0.5

Exploration and Production 78

Exploration and Production Barrel Government Field 78

Valor

JULY 7, 2025

OPEC+ members agree to larger-than-expected oil production hike in August Summary : An eight-nation OPEC+ group, including Russia and Saudi Arabia, agreed to a larger-than-expected 548,000 barrels per day (bpd) production hike for August. per barrel. million barrels. million bpd of voluntary supply cuts. and WTI at $66.50

Energy 52

Energy Energy Exploration and Production Barrel 52

Oil Review Middle East

JULY 14, 2025

Energy demand is set to rise from 308mn barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050. mn bpd by 2030, with non-OECD countries leading this demand. Energy will need to be available in a “secure, stable and realistic manner” according to OPEC Secretary General, HE Haitham Al Ghais. mn bpd in 2024 to 113.3

Condensate 52

Condensate Oil Transportation Upstream 52

Rigzone

JUNE 26, 2025

million barrels per day (bpd) for the year, 5 percent higher than last year. million barrels per day (bpd) for the year, 5 percent higher than last year, the data analytics firm said in a news release. million barrels per day (bpd) for the year, 5 percent higher than last year, the data analytics firm said in a news release.

Oil 62

Oil Pipeline Barrel Gas 62

Rigzone

JULY 14, 2025

Vallourec Chairman and CEO Philippe Guillemot said, "These contracts come in the context of recent announcements from Iraq’s Ministry of Oil to increase the country’s oil production capacity from [4,100 barrels per day] in 2025 to [6,000 barrels per day] in 2029.

Field 62

Field Oil Operator Barrel 62

Rigzone

JULY 17, 2025

million barrels per day (MMbpd) of gasoline, 369,000 bpd of diesel fuel and 325,000 bpd of jet fuel - up from one MMbpd, 354,000 bpd and 313,000 bpd respectively. “Overall, total demand for natural gas is expected to grow by 20 percent through 2030, led by LNG exports. Kinder Morgan’s natural gas pipelines carried 44.59

Natural Gas 67

Natural Gas Pipeline BCF Gas 67

Rigzone

JUNE 30, 2025

Specifically, the Sapakara and Krabdagu fields, which contain recoverable reserves estimated at nearly 760 million barrels, according to the company’s website. Production start-up is expected in 2028, the company said.

Exploration and Production 67

Exploration and Production Field Oil Operator 67

Rigzone

JULY 15, 2025

million barrels of oil equivalent (MMboe) and 4.9 The company said it targets extending the production sharing contract beyond its current end date of November 2030. As of January 1, net 2P reserves and 2C resources across the fields totaled 7.5 MMboe, respectively, according to the release.

Exploration and Production 67

Exploration and Production Energy Energy Field 67

Rigzone

JULY 21, 2025

million barrels of oil equivalent a day in 2030, with plans for further growth through 2035. BP now expects to grow oil and gas investment to about $10 billion a year while cutting transition investment to $1.5-2 2 billion per annum, lower by around $5 billion per annum than the previous guidance.

Oil 62

Oil Gas Energy Energy 62

OilPrice

MARCH 15, 2025

Five years after an Exxon-led consortium produced the first oil offshore Guyana, the country is pumping more than 600,000 barrels per day (bpd) of crude and has become South Americas fifth-largest oil exporter. million bpd by 2030, which would double the current output volumes. Guyana and ExxonMobil expect oil production to jump to 1.3

Oil 360

Oil IT Crude Oil Offshore 360

OilPrice

APRIL 1, 2025

As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the worlds top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price.

Oil 323

Oil Crude Oil Barrel IT 323

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 340

Oil Crude Oil Barrel Energy 340

OilPrice

APRIL 14, 2025

Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday. million barrels per day (bpd), in 2023 to 540 million tons, or 10.8 million barrels per day (bpd), in 2023 to 540 million tons, or 10.8

Natural Gas 207

Natural Gas BCM Condensate Gas 207

Oil & Gas 360º

MAY 28, 2025

Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. The high-volume, low-cost development offshore the South American country, which started production just five years ago, is already pumping more than 660,000 barrels per day (bpd) of crude. supermajor.

Barrel 130

Barrel Oil Offshore Casing 130

BOE Report

MARCH 12, 2025

million barrels of oil equivalent per day in 2030, up from 4.3 Exxon Mobil expects to raise output to 5.4 million boepd now, the company’s president of upstream said on Wednesday. The production areas that the company is focused on for growth are Guyana, top U.S.

Upstream 90

Upstream Natural Gas Barrel Oil 90

Oil & Gas 360º

APRIL 14, 2025

We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day by the end of the decade. million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035. onshore and offshore regions by 2030.

Oil 130

Oil Exploration and Production Sidetracking Upstream 130

Oil & Gas 360º

MARCH 4, 2025

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. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035. Thats a stark departure from the previous strategy to lower oil and gas output by 2030.

Oil 130

Oil Upstream Management Consulting 130

Oil & Gas 360º

APRIL 3, 2025

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. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035. Production is also expected to grow to 2.32.5

Gas 130

Gas Oil Upstream Offshore 130

Energy Central

JUNE 24, 2024

The report received considerable media attention because of the projection that by 2030 oil production will reach “a staggering 8 million barrels per day above projected global demand.” ” The report cites the.

Oil 45

Oil Barrel Energy Energy 45

Enverus

APRIL 8, 2025

Total company-disclosed proved oil reserves amount to about 30 billion barrels which breaks-even at prices lower than $50 WTI. To access most of the remaining 100 plus billion barrels of undeveloped oil sands resource, new greenfield mining and SAGD projects are required. Thats over 20 years of current production.

Oil 130

Oil Basin Barrel Natural Gas 130

Egypt Oil & Gas

APRIL 16, 2025

We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day (bbl/d) by the end of the decade, he added. million barrels of oil equivalent (mmboe) in 2030, with further capacity expected by 2035.

Oil 52

Oil Sidetracking BBL Exploration and Production 52

Oil & Gas 360º

MARCH 31, 2025

As part of turnaround plans, the supermajor eyes launching an impressive 27 new oil and gas projects over the next five years, the FT reported in an overview of the companys midterm strategy, noting, however, that even with these projects, BPs 2030 oil and gas production will be slightly lower than its 2019 productionper plans.

Oil 130

Oil Field Gas Natural Gas 130

Egypt Oil & Gas

MARCH 25, 2025

The company said in a statement that it will reinforce its position in liquefied natural gas (LNG) by growing sales by 4-5% per year through to 2030. It said also that it will grow its top line production across our combined Upstream and Integrated Gas business by 1% per year to 2030, sustaining the 1.4

Sustainable 52

Sustainable Sustainability Upstream Natural Gas 52

Oil Review Middle East

APRIL 23, 2025

Gas is set to increasingly displace oil used for power generation and industrial facilities in Saudi Arabia thanks to the giant Jafurah unconventional gas project, according to Rystad Energy analysis By tapping into unconventional gas, Saudi Arabia could displace up to 350,000 bpd of crude burn by 2030 , according to Rystad.

Natural Gas 59

Natural Gas Downstream Gas Midstream 59

Energy Central

JUNE 24, 2024

" By IEA’s estimates, the world will still be using too much oil to be on track for climate targets by 2030 — even though EVs are expected to displace millions of barrels of oil per day by then. Canary Media: "Chart: Electric vehicle growth is slowly eating into global oil demand."

Oil 52

Oil Barrel 52

Oil & Gas 360º

MARCH 27, 2025

In 2020-2021, global commodity traders Trafigura, Vitol and Mercantile joined Vostok oil, Rosnefts flagship project that is expected to produce up to 2 million barrels per day (bpd) by 2030, but left it after February 2022. In November 2024, BP CEO Murray Auchinclos said the company continued to try to sell its stake in Rosneft.

Energy 130

Energy Energy Oil Gas 130

Iraq Business News: Oil & Gas

MARCH 31, 2025

Al-Sudani has announced that Iraq's refining capacity will soon reach 1,542,000 barrels per day (bpd) following the expansion of key refineries. The project aligns with the government's goal of converting 40% of exported crude into refined products by 2030, reducing Iraq's dependence on raw oil exports. By John Lee.

Refinery 64

Refinery Government Petroleum Completion 64

Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2

Energy 52

Energy Energy Barrel Abandonment 52

Oil Gas Leads

MAY 11, 2025

The Cost Curve Advantage but Only if You Keep Drilling Ryan Lance (ConocoPhillips) underscores the advantage of inventory depth: We have decades of inventory below our $40 per barrel WTI cost of supply threshold this optionality is what separates the inventory haves from the have nots. production would peak between 2027 and 2030.

Sustainable 52

Sustainable Sustainability Oil Basin 52

Rextag

APRIL 16, 2025

We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day by the end of the decade. million barrels of oil equivalent per day globally by 2030, with approximately 1 million barrels expected from the U.S. in Q4 2024.

Oil 52

Oil Upstream Exploration Well Exploration and Production 52

Oil Gas Leads

MAY 2, 2025

This was part of a global 20% increase in production, fueled by: The Pioneer Natural Resources acquisition Continued development in the Permian Basin Structural cost savings and operational efficiencies Permian production alone helped add 767,000 barrels of oil equivalent per day (boe/d) to Exxons total output, a significant portion of its 4.55

Upstream 52

Upstream Consulting Basin Engineer 52

Oil & Gas 360º

MAY 15, 2025

billion in 2030 and 2031. This press release contains various references to the abbreviation boe which means barrels of oil equivalent. All boe conversions in this press release are derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of natural gas to one barrel (bbl) of crude oil.

BBL 130

BBL Natural Gas Oil Operator 130

Oil Gas Leads

MARCH 13, 2025

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. million boepd by 2030. We have a fabulous position here in the Gulf of America, Auchincloss stated, referring to the companys 10 billion barrels of oil and gas resources in place within the Paleogene play. million and 2.5

Natural Gas 52

Natural Gas Gas Basin Exploration and Production 52

Oil Gas Leads

MARCH 14, 2025

million barrels per day (bpd) accounting for over 16% of the basins total production. CERAWeek 2025 Insights ExxonMobils expansion in the Permian Basin took center stage during CERAWeek 2025 , where executives highlighted how technology is reshaping operations to maximize efficiency and production. energy production, contributing 6.26.3

Basin 52

Basin Sustainable Sustainability Technician 52

Rigzone

JUNE 6, 2025

In its release, BP said Shah Deniz Compression is one of the 8-10 major projects expected to start up between 2028 and 2030, “as disclosed at BP’s 2025 capital markets update” The company added that the project is expected to contribute to growing BP’s global upstream production to 2.3

Exploration and Production 52

Exploration and Production Field Upstream Gas 52

Rextag

JUNE 2, 2025

In 2025, crude and condensate output is projected to rise by 200,000 barrels per day (b/d), reaching 6.6 million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d by 2035 assuming a real oil price of US$70 per barrel (WTI). million b/d. million b/d of production before reaching a plateau of 7.7

Basin 40

Basin Exploration and Production Condensate Oil 40