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BP begins promised major oil and gas project start-ups

Oil & Gas 360º

(Oil Price) –BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035.

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BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360º

(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5

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bp discovers oil at Far South prospect, deepwater U.S. Gulf

Oil & Gas 360º

This discovery in the deepwater Gulf of America/Gulf of Mexico underscores how bp is in action to step up investment in exploration and strengthen its upstream portfolio under the strategy reset announced in February 2025. bp expects to grow its global upstream production to 2.3 onshore and offshore regions by 2030.

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Shell CEO seen focusing on LNG as key part of growth strategy

Oil & Gas 360º

Oil reserves Analysts have questions over Shells long-term oil resources, particularly how little output growth the company has locked in beyond 2030. In the upstream, the key question mark is the liquids portfolio, RBC Europe Ltd.s Biraj Borkhataria said in a note.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

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.

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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 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

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What Comes After the Permian for IOCs? A Basin of Enormous Value

Rextag

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. The other five major U.S. The strategic value of the Permian is unquestionable, but over-concentration carries risks.

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