Remove 2030 Remove Crude Oil Remove Oil
article thumbnail

Africa’s oil and gas investment to hit $43 billion in 2025

Oil & Gas 360º

(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Going forward, West and North Africa are expected to lead the spending spree through 2030.

Oil 130
article thumbnail

BP looks to hire two more directors under oil-focused strategy

Oil & Gas 360º

(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5

Oil 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Nigeria Oil Industry Overview

Drillers

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

Oil 52
article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Downstream, Aramco intends to continue the strategic integration of its Upstream and Downstream businesses to facilitate the placement of the companys crude oil in larger offtake volumes through a dedicated system of domestic and international wholly-owned and affiliated refineries and petrochemical complexes.

article thumbnail

Valor | Energy Connection – Feb. 24, 2025

Valor

February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Oildips on pending Kurdistan supply resumption Summary : Oil prices declined on Monday, extending last weeks losses, as markets anticipated the resumption of crude exports from Iraqs Kurdistan region.

Barrel 52
article thumbnail

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

Oil Gas Leads

CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. In 2023, BP produced 434,000 barrels of oil equivalent per day (boepd) in its U.S. million boepd by 2030. million and 2.5

article thumbnail

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

Rextag

While clean technologies achieved record growth, the enduring dominance of oil, gas, and LNG underscored the complexities of balancing energy security, economic stability, and climate ambitions. shale oil production surged to 10 million barrels daily , reinforcing Americas role as a cornerstone of global energy stability. Record U.S.