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Oil Review Middle East - Untitled Article

Oil Review Middle East

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.

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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

Several new major oil and gas projects are set to launch by the end of 2027. Once a major focus, offshore wind projects are now part of a joint venture with Japans Jera. Offshore wind, which was once seen as a major growth area for BP, has faced significant challenges in the U.S. million and 2.5 million barrels per day by 2030.

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