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Valor | Energy Connection – Feb. 24, 2025

Valor

Read more BP to abandon green energy target and ramp up oil Summary : BP will abandon its plan to expand renewable energy generation 20-fold by 2030, scrapping its target of reaching 50 gigawatts (GW) and maintaining its current 8.2 onshore wind farms and spinning off offshore wind assets. GW capacity.

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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

million barrels per day by 2030. 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. The company aims to boost daily oil and gas production to between 2.3 million and 2.5

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