Offshore Energies UK

FEBRUARY 27, 2025

The US government has extended by a further two years the secondary sanctions assurance relating to the UK Rhum field, which is half owned by Iran, the other owner Serica said February 27. The extension, granted by the US Office of Foreign Assets Control (OFAC), will now run until February 2027, Serica said in a stock-exchange statement.

Field 52

Field Offshore Government Energy 52

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.

Exploration and Production 40

Exploration and Production Field Upstream Gas 40

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

Oil 40

Oil Gas Energy Energy 40

Oil Review Middle East

MARCH 10, 2025

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.

Downstream 40

Downstream Crude Oil Upstream Gas 40