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Valor | Energy Connection – Feb. 24, 2025

Valor

and Russia prepare for peace talks on Ukraine, with potential impacts on oil sanctions and seaborne shipments. 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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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. Production grew fast, and today, Nigeria pumps close to 2 million BPD, which makes it the largest producer of crude oil in Africa.

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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. onshore shale operations, with 264,000 boepd being natural gas, primarily associated with crude oil output. Previously, BP had set a goal to reduce its oil and gas output by the end of the decade. million boepd by 2030.