Remove 2030 Remove Abandonment Remove Field
article thumbnail

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

Rextag

million barrels per day by 2030. New oil fields and deepwater drilling initiatives will contribute to increased production. The company aims to boost daily oil and gas production to between 2.3 million and 2.5 Several new major oil and gas projects are set to launch by the end of 2027. billion and $2 billion annually.

Oil 40