This year, production is set for a record annual average of 3.5 million bpd, up by 5% compared to the 2024 output, while oil sands volumes are expected to top 3.9 million bpd by 2030, per S&P Global Commodity Insights. The projection for 2030 is 500,000 bpd higher compared to the 2024 production level and is 100,000 bpd – or almost 3% — higher compared to the previous 10-year outlook.
Cheniere is planning further brownfield expansions in phases at both terminals, potentially increasing capacity to approximately 75 million tpy by the early 2030s. The company is following a capital allocation programme that calls for USD 20 billion in capital deployments by 2026.
Appointed by President John Mahama in consultation with the Council of State, the board is expected to deliver on several key priorities: operational revitalisation, accelerated green transition, human capital development, and strengthened public engagement.
Under the agreement, Cactus will build on its current use of SLB’s Precise™ automated drilling control systems by integrating DrillSync™, SLB’s automated controls platform and software suite. These technologies will work together to improve drilling efficiency, increase equipment utilization and provide real-time data insights for better execution.
The Israel-Iran conflict that began earlier this month took a major turn this weekend after the U.S. bombed three Iranian nuclear sites – at Fordow, Natanz, and Isfahan – and warned the Islamic Republic that retaliation against U.S. troops in the region or any other retaliation would be the worst mistake it will make.
“The Copper Moki wells have demonstrated exceptional reservoir performance, with cumulative production approaching one million barrels of oil to date”, said Monumental vice president for corporate development Max Sali. “The successful recompletion of CM-2 – including the perforation of three new intervals – is expected to significantly enhance output. We anticipate strong flush volumes and reservoir recharge, further validating the productivity of the Mt. Messenger formation.
Meyersson warned in the report that future talks will be difficult if negotiation positions remain the same, adding that “all parties have an interest in ending the fighting, but need to overcome the crux of nuclear enrichment in Iran, as well as its ballistic missile program, in order for a durable deal”.
Many questions remain, including the state of Iran’s uranium stockpile and whether any ceasefire will lead to discussions about Tehran’s nuclear program. The Islamic Republic, which has denied it’s seeking an atomic weapon, has refused to give up the right to enrich uranium, a condition the US has insisted upon.
“With this agreement with Renfe, we can highlight electrification without emissions in transport, which is responsible for more than a third of all energy consumed in our country. Partnerships such as this one are essential to support the development of a renewable electricity mix. The PPAs, through their different modalities, are a key tool for customers who want to secure renewable energy at a fixed, long-term price”, David Martínez, director for clients in Spain at Iberdrola, said in a media release.
Following over three years of stakeholder engagement, the Gwynt Glas project was chosen through a competitive seabed tender process. As part of this process, Gwynt Glas presented proposals for developing the wind farm, alongside plans to maximize socio-economic and social value opportunities, the JV said.