2030 Exploration and Production Upstream 
Oil & Gas 360º
APRIL 14, 2025
bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. bp expects to grow its global upstream production to 2.3 million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.
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. In the upstream, the key question mark is the liquids portfolio, RBC Europe Ltd.s Biraj Borkhataria said in a note. As rivals like Chevron Corp. and Exxon Mobil Corp.
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Egypt Oil & Gas
APRIL 16, 2025
In a statement , the company said that it drilled the exploration well in Green Canyon Block 584, located in western Green Canyon, about 120 miles off the coast of Louisiana, in water depths of 4,092. Globally, bp expects to grow its upstream production between 2.32.5 The post bp Unveils New Oil Discovery at Gulf of America.
Rigzone
JUNE 6, 2025
“They also include agreements for BP to access to two new exploration and development licenses and introduce a new partner to accelerate exploration on a third,” the company added. BP noted in its release that these projects are fully accommodated within its financial frame.
Rextag
APRIL 16, 2025
The discovery comes amid BP's broader pivot away from rapid renewables expansion toward reinforcing its upstream oil and gas portfolio to meet investor expectations and improve financial performance. million barrels of oil equivalent per day globally by 2030, with approximately 1 million barrels expected from the U.S. in Q4 2024.
Oil Review Middle East
MARCH 10, 2025
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.
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. million b/d of production before reaching a plateau of 7.7 million b/d. tight oil plays. The other five major U.S.
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