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

Oil & Gas 360ยบ

(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

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The Great Energy Debate: Why the IEA's Peak Oil Forecast Might Be Completely Wrong - 23 Wrong Assumptions

Rextag

The debate over the future of oil has never been more heated. Mills, Executive Director of the National Center for Energy Analytics, and Neil Atkinson, Special Advisor , the IEAs peak oil demand forecast is deeply flawed. trillion in clean energy investments per year by 2030, but this assumption ignores financial realities.

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BPโ€™s Big U-Turn: Why Is the Energy Giant Returning to Oil and Gas? Shell, Equinor, and Exxon Are Making the Same

Rextag

Can BP maintain its vision of a low-carbon future while doubling down on oil and gas? BP has announced a shift in its energy strategy, moving away from aggressive renewables investments and increasing its oil and gas production spending. The company aims to boost daily oil and gas production to between 2.3 million and 2.5

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Valor | Energy Connection โ€“ 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.

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Profits or Planet? BPโ€™s โ€˜New Beginningโ€™: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. billion Analyst Consensus : $1.26

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Cop15: key points of the nature deal at a glance

Adrian - Oil & Gas

The final wording commits governments to conserving nearly a third of Earth for nature by 2030 while respecting indigenous and traditional territories in the expansion of new protected areas.

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$5.8 Billion Question: BP Backs Away from Green Energyโ€”but Is Offshore Wind Still Worth It?

Rextag

billion in approved projects by 2030, with BP contributing $3.25 Rivals like Shell and Equinor are also scaling back investments in offshore wind in favor of higher-return oil and gas projects. billion by 2030. BP and JERA will fund up to $5.8 billion and JERA $2.55 Auchinclosss strategy reflects a broader industry trend.