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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. By Tsvetana Paraskova for Oilprice.com

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Exxon to raise output to 5.4 mln boepd by 2030 from 4.3 mln, exec says

BOE Report

million barrels of oil equivalent per day in 2030, up from 4.3 oilfield the Permian, and the liquefied natural gas business, [Read more] Exxon Mobil expects to raise output to 5.4 million boepd now, the company’s president of upstream said on Wednesday.

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TotalEnergies and RWE agree one of the world’s biggest green hydrogen deals

Oil & Gas 360º

(Oil Price) –Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.

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Investment In Natural Gas Essential to Reduce Grid Strain From AI Data Centers

Energy Central

As the tech industry invests more heavily in data centers for the growing Artificial Intelligence (AI) market, natural gas will be essential to meet surging electricity demand. According to Wells Fargo, electricity demand is forecast to grow as much as 20 percent by 2030 due to the rise in AI.

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IEA’s World Energy Outlook: Bullish on Natural Gas Despite Headline-Grabbing “Peak” Forecasts

Energy Central

Today the International Energy Agency published its 2023 edition of the annual World Energy Outlook report which doubles down on its claim that global demand for coal, oil, and natural gas will all peak by 2030.

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North Sea Oil and Natural Gas Production In Further Jeopardy As New UK Government Announces Another Windfall Tax Increase

Energy Central

’s new chancellor, Rachell Reeves, recently announced that the windfall tax (formally known as the Energy Profits Levy) will be increased to 38 percent (up from 35 percent) on November 1, bringing the rate of tax on upstream oil and gas activities to 78 percent.

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IEW 2025 Days I & II: Reimagining the future of energy

Oilholics Synonymous Report

He also reiterated his pledge of more than doubling India's current renewable energy capacity from its current level to 500GW by 2030. Here's The Oilholic's full report for Forbes on the opening remarks. But - with his policy actions implying the exact opposite - was widely and rightly ridiculed back home.

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