Remove 2030 Remove Barrel Remove Pipeline
article thumbnail

Valor | Energy Connection – Feb. 24, 2025

Valor

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

Barrel 52
article thumbnail

Nigeria Oil Industry Overview

Drillers

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. 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.

Oil 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BP Expands U.S. Natural Gas Production Amid Rising Prices and LNG Growth

Oil Gas Leads

In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. million boepd by 2030. We have a fabulous position here in the Gulf of America, Auchincloss stated, referring to the companys 10 billion barrels of oil and gas resources in place within the Paleogene play. million and 2.5

article thumbnail

The Shifting Winds of Energy Transition

Enverus

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.

Energy 130
article thumbnail

Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

on an irreversible path to achieve a “100% clean energy economy,” with benchmark goals of doubling offshore wind production by 2030, de-carbonizing the electricity sector by 2035, and achieving net-zero emissions, economy-wide, by 2050. million barrels of oil and gas per day. Given the current state of the U.S.

Oil 40
article thumbnail

Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

on an irreversible path to achieve a “100% clean energy economy,” with benchmark goals of doubling offshore wind production by 2030, de-carbonizing the electricity sector by 2035, and achieving net-zero emissions, economy-wide, by 2050. million barrels of oil and gas per day. Given the current state of the U.S.

Oil 40
article thumbnail

Presidential Election 2020: Considerations for the Oil & Gas Industry

The Energy Law

on an irreversible path to achieve a “100% clean energy economy,” with benchmark goals of doubling offshore wind production by 2030, de-carbonizing the electricity sector by 2035, and achieving net-zero emissions, economy-wide, by 2050. million barrels of oil and gas per day. Given the current state of the U.S.

Oil 40