Valor

FEBRUARY 24, 2025

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. 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

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Drillers

MARCH 24, 2020

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria.

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Rextag

FEBRUARY 13, 2025

By targeting a 40% cut in oil-and-gas output by 2030 relative to 2019 levels, he repositioned BP as a leader in renewables, wind, solar, and electric vehicle (EV) charging. Cash Flow from Operations 4Q 2024 : $7.43 billion Despite stronger operational cash flow quarter-on-quarter, the company reported a net loss of $2 billion (vs.

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Oil Gas Exploration and Production IT 40

Rextag

MARCH 3, 2025

million barrels per day by 2030. Expanding Oil and Gas Operations BP is doubling down on fossil fuel projects with a focus on: Exploration and Drilling BP will expand operations in key regions, including the Gulf of Mexico, the North Sea, and the Middle East. million and 2.5 billion and $2 billion annually.

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Oil Gas Leads

MARCH 13, 2025

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. onshore shale operations, with 264,000 boepd being natural gas, primarily associated with crude oil output. million boepd by 2030. Oil & Gas Marketing Lists Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.

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Rextag

JANUARY 6, 2025

ENERGY SECURITY: THE CORNERSTONE OF GLOBAL STABILITY Fact: Global primary energy demand surged to 301 million barrels of oil equivalent per day (mboe/d) in 2023, and projections indicate it will rise to 374 mboe/d by 2050, marking a 24% increase over three decades. Record U.S. Shale Output: U.S. LNG Export Dominance: U.S. renewable projects.

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Enverus

MARCH 7, 2025

Al Salazar identifies several factors contributing to this trend: Oil consumption: Oil demand reached an all-time high in 2024, growing by 1 million barrels per day from 2023. For context, global oil consumption averaged about 103 million barrels per day last year. and northwestern Alberta. On the other hand, U.S.

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