Oil & Gas 360º

JULY 2, 2025

Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 Eni and Exxon Mobil didn’t respond to requests for comment. Chevron said it constantly reviews new exploration opportunities, but doesn’t comment on commercial matters. million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006.

Exploration and Production

CNBC: Energy

AUGUST 5, 2025

Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. The world's largest oil company declared an adjusted net income of 92.04

Upstream

Oil & Gas Journal

AUGUST 4, 2025

4, 2025 3 min read Key Highlights "Will contribute to reaching our 2030 target to increase our [system-wide] biorefining capacity to over 5 million tpy." Robert Brelsford Aug. Also progressing with planned conversion of idled 84,000-b/d conventional refinery in Livorno, Tuscany, into what will become Italy’s third biorefinery.

Exploration and Production

Oil & Gas Journal

JULY 30, 2025

million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated. July 30, 2025 2 min read 323929920 © Gearstd | Dreamstime.com US crude oil inventories for the week ended July 25, excluding the Strategic Petroleum Reserve, increased by 7.7 million bbl At 426.7

BBL

Oil Gas Leads

JULY 16, 2025

million BOE/day by 2030. Optimize Infrastructure Utilization The Wink to Webster crude oil pipeline—operated by ExxonMobil—continues running near full capacity (~1.35 Oil & Gas Operator Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.

Basin

Valor

JULY 7, 2025

This relief for over 61 million travelers is driven by cheap crude oil, as the U.S. Key commitments include ExxonMobil’s pledge of up to $30 billion for lower-emission projects by 2030 and Shell’s $10-$15 billion investment in low-carbon solutions for 2023-2025. million barrels.

Energy

Rigzone

JUNE 26, 2025

Oil sands production in the country is projected to reach 3.5 million bpd by 2030, an increase of about 500,000 bpd over 2024 figures, and 100,000 bpd higher than the previous outlook, according to the 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

Oil & Gas 360º

JULY 28, 2025

Deals on nuclear, particularly for so-called small modular reactors, may be one way the EU sees to spur billions of dollars of trade, yet the first ones are not expected to be commercially viable before 2030 at the earliest. Closing Bell Story‎ Crude Oil Europe Featured LNG Natural Gas United States EU Imports oil and gas deals

Energy

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. Guyana and ExxonMobil expect oil production to jump to 1.3

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

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

OilPrice

APRIL 23, 2025

Crude burnthe direct use of crude oil in power plants and industrial facilities, primarily for electricity generationhas long been a staple in Saudi Arabias energy mix. The kingdom burns significant volumes of oil to meet domestic electricity demand, which hovers around 171 terawatt-hours (TWh).

Natural Gas

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. Crude oil and condensate production is targeted to increase from 531 million metric tons per year, or 10.66 million bpd, by 2050.

Natural Gas

Oil & Gas 360º

MARCH 13, 2025

(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Going forward, West and North Africa are expected to lead the spending spree through 2030.

Gas

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

Oilfield Technology

APRIL 23, 2025

Crude burn the direct use of crude oil in power plants and industrial facilities, primarily for electricity generation has long been a staple in Saudi Arabias energy mix.

Crude Oil

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

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

Oil & Gas 360º

MAY 23, 2025

The Jafurah project is key to Saudi Aramco s ambitions to become a major global player in natural gas and to boost its gas production capacity by 60% by 2030 from 2021 levels. shale gas production in 2024 was around 80 billion cubic feet per day.

Pipeline

Oil & Gas 360º

MAY 21, 2025

We are happy to announce these contract awards which build backlog into 2030 at solid terms,” said Mons S. The scope for these three contracts includes work class ROVs rated to operate at water depths of up to 3,000 meters. The combined value of the contracts is approximately $480 million USD. Aase, CEO DOF Group ASA.

ROV

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

Oil & Gas 360º

MARCH 25, 2025

Oil reserves Analysts have questions over Shells long-term oil resources, particularly how little output growth the company has locked in beyond 2030. Analysts will be looking for the latest on major export project LNG Canada, which is due to starting shipping soon, and any expansion plans for the coming years.

Exploration and Production

Oil & Gas 360º

MAY 28, 2025

Under the IPM agreement, a subsidiary of Canadian Natural Resources Limited has agreed to sell 140,000 MMBtu per day of natural gas to Cheniere Marketing for a term of 15 years, which is expected to commence in 2030. Canadian Natural Resources Limited is acting as guarantor of the IPM agreement.

Natural Gas

Oil & Gas 360º

MAY 28, 2025

The Dispute But in 2023, Chevron proposed a $53-billion deal to buy Hess Corp and thus take Hesss assets in the Bakken in North Dakota and the 30% stake in Guyanas offshore oil fielda top-performing asset with the potential to yield even more barrels and billions of U.S. million barrels per day by 2030, Exxon says. supermajor.

Barrel

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 & 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.

Energy

Oil & Gas 360º

MAY 15, 2025

billion in 2030 and 2031. 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. Capital expenditures are expected to average $0.9 $1.0 billion in 2026 and $1.1 $1.2

BBL

Oil Review Middle East

MARCH 10, 2025

Downstream, Aramco intends to continue the strategic integration of its Upstream and Downstream businesses to facilitate the placement of the companys crude oil in larger offtake volumes through a dedicated system of domestic and international wholly-owned and affiliated refineries and petrochemical complexes.

Downstream

Valor

FEBRUARY 24, 2025

and Russia prepare for peace talks on Ukraine, with potential impacts on oil sanctions and seaborne shipments. 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

Oil Gas Leads

MARCH 13, 2025

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. onshore shale operations, with 264,000 boepd being natural gas, primarily associated with crude oil output. Previously, BP had set a goal to reduce its oil and gas output by the end of the decade. million boepd by 2030.

Natural Gas

Drillers

MARCH 24, 2020

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. The dispute continues as local communities sue oil companies for damages with mixed success.

Oil

Rextag

JUNE 2, 2025

Once considered a mature and declining conventional oil play at the start of the 21st century, the Permian has grown into a global energy giant, second only to Saudi Arabia in crude oil and condensate production.

Basin

Rextag

JANUARY 6, 2025

RENEWABLES AND CLEAN TECHNOLOGIES: PROGRESS UNDER PRESSURE Fact : Global renewable electricity generation is set to reach over 17,000 TWh by 2030, an almost 90% jump from 2023, capable of powering China and the U.S. trillion annual climate finance pledge by 2030 , though critics noted the gap between ambition and action.

Offshore

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

The investment bank has forecast that data center power demand will grow at 15% compound annual growth rate from 2023-2030, with data centers consuming 8% of total U.S. data center power demand by 2030. data center power demand by 2030. electricity output at the end of the forecast period compared to ~3% currently.

Gas

Oilholics Synonymous Report

MARCH 12, 2025

Chastened by a near-5% stake by activist investor Elliot Investment Management, BP's boss Murray Auchincloss spoke at CERAWeek to explain his company's reset, a return to oil and gas basics and improving company-wide efficiencies. Its light, sweet variety of crude it appears is something European importers simply can't get enough of.

Energy

Oil & Gas 360º

MARCH 24, 2025

A sudden boom is rather unlikely, but with the Trump administration making a fresh try to bring Irans oil exports down to zero, supply may yet tighten, making those new output additions Raymond James talked about more likely to materialize. As of January, Irans crude oil exports averaged 1.6 million barrels daily.

Oil