Remove Abandonment Remove Barrel Remove Operator
article thumbnail

Valor | Energy Connection – Feb. 24, 2025

Valor

per barrel, while WTI dropped 28 cents to $70.12 per barrel, following a $2 decline on Friday. 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

Barrel 52
article thumbnail

Oil and Gas 2025: How Will Companies Navigate a Year of Transformation—and Why It Affects Everyone?

Rextag

With M&A activity accelerating, companies are securing inventory and refining their operations to meet future demand. shale sector is experiencing a robust wave of mergers and acquisitions (M&A) as companies seek to bolster inventory and scale their operations. CONSOLIDATION GAINS MOMENTUM AMID INVENTORY CONCERNS The U.S.

Oil 40
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Rextag

million barrels per day by 2030. Expanding Oil and Gas Operations BP is doubling down on fossil fuel projects with a focus on: Exploration and Drilling BP will expand operations in key regions, including the Gulf of Mexico, the North Sea, and the Middle East. million and 2.5 billion and $2 billion annually.

Oil 40
article thumbnail

Oil prices fluctuate despite supply boost by OPEC+

Crude Oil Futures

Starting in April, the cartel will boost output by 138,000 barrels per day (bpd)the first such increase since 2022. per barrel, respectively. oil operations in Venezuela and tighten sanctions on Iran, the nation with the worlds third-largest oil reserves, over its lack of transparency on nuclear activities. and $70.36

Oil 40