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BP’s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

Rextag

BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. To optimize profits, the company will focus on significant oil and gas projects, production expansion, and strategic asset divestments. million and 2.5 million barrels per day by 2030.

Oil 40
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Why Utilities Need to Prepare for V2G Fleets

True Energy

Written by Marc Published November 25, 2024 Written by Marc Published November 25, 2024 Why Utilities Need to Prepare for V2G Fleets V2G fleets are changing how utilities manage energy demand and grid resilience. Allows for better integration of renewable energy sources by storing excess production. billion in 2021.

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BRAZIL POTASH GRO-NYSE THE MOST COMPELLING BUSINESS CASE IN GLOBAL RESOURCES

Oil and Gas Investments

Production from Latin America represents just a sliver of overall supply. That mine is owned by Mosaic, who will give the mine a small increase in production in 2024 from 350,000 tonnes to 400K. But that is about to change when Brazil Potash’s Autazes mine lifts off into production. Getting to production is the challenge.

Casing 52
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Oil Review Middle East - Untitled Article

Oil Review Middle East

The company plans to ramp up oil and gas investment to US$10 bn a year and grow production to 2.32.5mn bpd in 2030, targeting 10 new major projects to start up by end 2027, and a further 810 by end 2030. Were back to our roots in terms of exploration, expanding in the UAE, Iraq, Libya and Oman.

Oil 40
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Five Trends Defining the Future of Energy Flexibility

True Energy

Explore five key trends that will shape the future of flexible energy systems, providing substantial benefits for utilities and their customers. Share on Explore the critical role of AI, DERMS, and digitalization in enhancing energy flexibility to optimize grid stability and efficiency. Many other countries show similar trends.

Energy 52