Oil & Gas 360º

MARCH 4, 2025

Last week, BP said that it is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset. million barrels of oil equivalent per day (boed) in 2030, with capacity to increase to 2035.

Oil 130

Oil Upstream Management Gas 130

Rextag

OCTOBER 31, 2024

Despite this trick rather than treat, ExxonMobil boosted production by 80,000 oil-equivalent barrels daily, driven by growth in the Permian Basin and Guyana. Despite low refining marginstrickier than an elaborate Halloween mazePhillips 66 managed to deliver a solid performance. Adjusted earnings reached $6.03

Oil 40

Oil Midstream IT Natural Gas 40

OilPro

AUGUST 6, 2024

A slug catcher is a piece of equipment used in the oil and gas industry to separate large volumes of liquid from a gas stream, typically upstream of key equipment such a processing plant or compressor. This slug can cause significant damage to downstream equipment if it’s inflow is not managed actively.

Gas 52

Gas Oil Downstream Pipeline 52

Rextag

FEBRUARY 24, 2025

Cost Management: The company is shifting towards a cash flow-focused approach, ensuring stable returns for shareholders while limiting risk. Oil Price & Market Dynamics (2024-2025) 2024 Oil Price Trends Brent Crude Oil Price (2024 Average): $80 per barrel. WTI Forecast: Expected to average around $70 per barrel.

Basin 40

Basin Oil Gas Exploration and Production 40