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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 million boepd now, the company’s president of upstream said on Wednesday. Exxon Mobil expects to raise output to 5.4 The production areas that the company is focused on for growth are Guyana, top U.S.

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

Oil & Gas 360º

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.

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Iran Issues Pre-qualification for Upstream Tenders

Global Energy

to 4 million barrels per day by […] Iran is said to be targeting an increase in oil production from 3.85

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Nigeria Plans 2.1 MMbd of Oil Production This Year

Rigzone: News

Nigeria's upstream regulator is aiming for an oil production of at least 2.1 million barrels a day for 2025.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Libyas NOC is working with IOCs Repsol, bp, TotalEnergies, ConocoPhillips and more to increase output to two million barrels per day (bpd).

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Profit Warnings and Production Cuts: Shell Faces Tough Energy Headwinds

Rextag

ADJUSTED PRODUCTION AND VOLUME FORECASTS Shell also reduced its integrated gas production outlook for the fourth quarter to 880,000 and 920,000 oil-equivalent daily barrels, citing scheduled maintenance at a Qatar-based facility. This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels. million barrels.

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law Blog

Specifically, the lessors discovered that the lessees sold oil under contracts that calculated the sales price by taking an index price at market centers downstream from the point of sale and subtracting eighteen dollars per barrel for the purchaser’s anticipated post-sales costs.

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