Oil & Gas 360º

MARCH 4, 2025

Last week, BP said that it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035.

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Rextag

MARCH 3, 2025

BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. He stated that BPs initial faith in green energy was misplaced , leading to a strategic reset prioritizing stronger financial performance and higher shareholder returns. million and 2.5

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Oil Gas Leads

MARCH 11, 2025

Jim Teague on Export Growth: “We exported over 70 million barrels of hydrocarbons in December. Our goal is to export over 100 million barrels a month by 2027.” Morgans Point Terminal Expansion Increasing ethane and ethylene export capacity. ” The rise in U.S.

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Oil Gas Leads

MARCH 8, 2025

energy production. The EPIC acquisition will allow them to shift these barrels onto their own network , capturing better margins and improving logistics efficiency. Permian Market Outlook: Strong Crude & NGL Demand Phillips 66 is well-positioned to take advantage of increasing Permian production and global energy demand.

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Oil & Gas 360º

MARCH 13, 2025

But the industry appears to be ignoring a central Trump objective: cheap energy. Energy Secretary Chris Wright who vowed to bring back common sense by prioritising cheap energy shorthand for fossil fuels over supposedly inflationary climate-driven policies, dismissing the need to limit greenhouse gas emissions. The CEO of U.S.

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