Remove 2030 Remove Crude Oil Remove Offshore
article thumbnail

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. crude oil inventories increase by 4.6

Barrel 52
article thumbnail

Nigeria Oil Industry Overview

Drillers

Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa. Nigeria joined OPEC in 1971 before it even had its own state oil company. The third-largest oil player in Nigeria also comes from the United States. Exxon comes next: the U.S.

Oil 52
article thumbnail

What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

RENEWABLES AND CLEAN TECHNOLOGIES: PROGRESS UNDER PRESSURE Fact : Global renewable electricity generation is set to reach over 17,000 TWh by 2030, an almost 90% jump from 2023, capable of powering China and the U.S. trillion annual climate finance pledge by 2030 , though critics noted the gap between ambition and action.