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BP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027. 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.
(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.
Image by Emiliano Ortiz via iStock Italy’s Eni SpA and Argentina’s YPF SA have signed an agreement to build a liquefaction facility to enable the export of natural gas from the Vaca Muerta field in the South American country. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
million barrels of oil equivalent per day in 2030, up from 4.3 million boepd now, the company’s president of upstream said on Wednesday. oilfield the Permian, and the liquefied natural gas business, [Read more] Exxon Mobil expects to raise output to 5.4
(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
Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. 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.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2024.
Despus de la adquisicin de Pioneer Natural Resources en 2023, ExxonMobil espera un potencial de flujo de caja operativo de 25 mil millones de dlares a precios y mrgenes constantes para 2030 ExxonMobil anunci que espera una produccin Upstream en 2030 de aproximadamente 5.4
Analysts and investors will be looking for plans for growth at the companys crucial liquefied natural gas business and reassurance on oil reserves. Heres what they want to hear: Gas growth Shells profit growth has been largely centered on LNG, a priority that analysts expect to remain amid burgeoning global demand for the fuel.
The Project Greensand partners - diversified British company INEOS, London-based Harbour Energy PLC and Danish national oil and gas company Nordsøfonden - expect the ship and the other CCS components to become fully operational by the end of 2025 or early 2026. There’s a reason 700K+ energy professionals have subscribed.
“Each LNG Canada joint venture participant will provide its own natural gas supply and individually offtake and market their respective share of liquified natural gas from LNG Canada, starting today”, LNG Canada Development Inc., The shipment embarked Monday through the 174,000-cubic-meter (6.14 The facility targets Asia.
Mxico depende hasta en 97% del gas de EE.UU., millones de barriles diarios con recursos convencionales, pero Rodrguez Padilla cuestion qu ocurrir despus de 2030 si no se establecen nuevas estrategias. Principales preocupaciones: Dependencia del gas importado: Mxico importa entre 70% y 80% de su gas de EE.UU.,
’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent.
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
For oil and gas producers and midstream operators, this growing crisis presents a compelling opportunity — the rise of off-grid, natural gas-powered energy solutions to support the next wave of AI-driven data infrastructure. The oil & gas sector has the experience to navigate these regulatory processes.
Globally, bp expects to grow its upstream production between 2.32.5 million barrels of oil equivalent (mmboe) in 2030, with further capacity expected by 2035. Around 1 million barrels of oil equivalent per day (mmboe/d) are expected to be delivered from the US onshore and offshore regions by 2030.
La compaa mantiene su apuesta estratgica por el pas, enfocndose en proyectos clave como Bacalhau, el proyecto de gas Raia, y el hbrido renovable Serra da Babilnia, operado por su filial Rio Energy. Se espera que con estos desarrollos, Equinor alcance una produccin cercana a los 200,000 barriles diarios en Brasil para 2030.
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. billion in 2030 and 2031. About Strathcona Strathcona is one of North Americas fastest growing oil and gas producers with operations focused on thermal oil and enhanced oil recovery. Capital expenditures are expected to average $0.9 $1.0
Pech advierte que, si esta tendencia continúa, el impacto alcanzará 2026 y se extenderá hasta 2030. En marzo de 2025, Pemex ya tenía 248 pozos menos que en 2024 y una producción de crudo que cayó a 1.615 millones de barriles diarios (205 mil menos que el año anterior).
Además, sugirió elevar gradualmente la inversión en infraestructura hasta alcanzar el 6% del Producto Interno Bruto (PIB) en 2030. Ante esta situación, el organismo empresarial ha propuesto al Gobierno federal establecer un calendario de pagos transparente y progresivo que permita a las compañías recuperar estabilidad financiera.
And now Albertas proven natural gas reserves have been reassessed and increased nearly sixfold to 130 trillion cubic feet. With LNG exports projected to exceed 30 bcf/d by 2030, now is the time to adopt smarter pipeline solutions. No filters, coalescers or cyclones are required if you solve liquids problems upstream.
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. Under the new plan, BP will now: Increase annual oil and gas investment by 20% to $10 billion. 2 billion annually.
“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.
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.
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.
Dealy shared that the company has made significant progress in reducing flaring , a key environmental concern in the region: Flaring intensity dropped from 4% in 2019 to ~1% in 2024 (Jan-Oct), supporting ExxonMobils goal of achieving net-zero flaring by 2030.
Jim Chapman With a target of $18 billion in structural savings by 2030, Exxon has shown how scale and capital discipline can drive sustainable breakevens, particularly in the Permian Basin. Mike Wirth, Chevron CEO Wood Mac data shows that weve got the lowest upstream breakeven in the industry. appeared first on Oil Gas Leads.
At the top of this tight oil corporate ecosystem is ExxonMobil , with a single-asset NPV10 of over US$100 billion a valuation that matches or exceeds the entire global upstream portfolios of BP and TotalEnergies. By 2030, this elite group of seven companies will hold nearly all remaining inventory with breakeven prices below US$45/bbl WTI.
Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. billion tons by 2030. The cap tightening equates to a 62 percent reduction by 2030 compared to 2005 levels.
At CERAWeek, Birol said that the world needs upstream investments in existing oil and gas fields to support global energy security. There is a need for oil and gasupstream investments, full stop, he added. The answer was recently provided by none other than the head of the International Energy Agency, Fatih Birol.
supermajor said in December 2024 it would pursue up to $30 billion of low emission opportunities between 2025 and 2030, with almost 65% spent on reducing emissions for third-party customers. Still, the U.S. firm says align with its core competencies.
June 2, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The trip follows Trump’s order reversing Biden’s Arctic Refuge lease cancellations and aims to secure Asian investments for the gas project. Despite OPEC+s phased cuts since 2024 (totaling 2.2M
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