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BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360ยบ

(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

Oil 130
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The data center decade has arrived

Enverus

GW by 2027, one of the largest data center campuses in the world. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. PJM will see the largest share of data center growth, followed by West, ERCOT and California Independent System Operator (CAISO).

Drivers 147
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BPโ€™s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

Rextag

Can BP maintain its vision of a low-carbon future while doubling down on oil and gas? BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. The company aims to boost daily oil and gas production to between 2.3 million and 2.5

Oil 40
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Oil Review Middle East - Untitled Article

Oil Review Middle East

The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%). As 2025 progresses, we are eager to build on our strong footing in Qatar and continue to work with our clients to provide the best-in-class provisions.

Field 40
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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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Engel inaugura nueva planta de maquinaria en Querรฉtaro con inversiรณn de mil mdp

Oil & Gas Magazine

Adems, anunci que se pretende aumentar la produccin de la compaa en ms del 300% para 2027. Mayer afirm que cada mquina y diseo de la empresa est destinado para qu cada uno de sus clientes sea un referente de la industria manufacturera.

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Oil Review Middle East - Untitled Article

Oil Review Middle East

The Marjan and Berri increments are expected to be onstream in 2025, with the Zuluf field increment scheduled to follow in 2026 and the second phase of Dammam in 2027. Global oil demand reached new highs in 2024, and we expect further growth in 2025.