Adnoc to spend $150 billion in five years, advances 5 million bpd production target to 2027
Abu Dhabi National Oil Company (Adnoc) plans to spend $150 billion on capital expenditure in the next five years, as it prepares to advance its 5 million barrels per day of oil production capacity target to 2027 on the back of improved market fundamentals.
However, the emirate is said to be currently producing just over 3.1 million bpd, in line with output targets set by the wider Opec+ group.
OPEC launches 2022 edition of the World Oil Outlook at ADIPEC
The world economy is expected to more than double in size, and the global population rise by 1.6 billion between now and 2045.
The world needs to annually add on average 2.7 million barrels of oil equivalent a day to 2045.
Globally, oil demand is projected to increase from almost 97 million barrels a day (mb/d) in 2021 to around 110 mb/d in 2045.
The global oil sector will need cumulative investment of $12.1 trillion in the upstream, midstream and downstream through to 2045, equating to over $500 billion each year.
Goldman noted including the potential for lower demand in China, recession fears, and the European Union's embargo next week on seaborne imports of Russian oil.
I told u oil kambing down. Why you went n buy hibisc when oil kambing down. Hibisc will make less profit n share price will also kambing. Now kena dy. Backhole pain or not? Wait more pain kambing n yr backhole will ooze blood.
Rusia berkata ia tidak akan menjual minyak kepada negara yang menguatkuasakan had harga, bermakna bekalan minyak Rusia secara khusus mungkin mengetatkan bagi sesetengah pengimport.
Ok, if people that have position and follow your word, which counters do you recommend for the 6 months. We are happy if you be very specific, thanks in advance.
Saudi budget 2023: kingdom posts largest surplus in nearly a decade
ADCB estimates the 2023 budget could be based on an oil price of around $78 to $80 a barrel. However, the lender expects a higher oil price assumption of $95 a barrel for Brent crude in 2023. Emirates NBD assumes the budget is based on an oil price forecast of around $75 per barrel, while Al Rajhi bank assumes an oil price of $78 per barrel.
Fusion Breakthrough Scientists in California have made a key breakthrough in nuclear fusion, a technology with the potential to transform the global energy landscape. Researchers at the US Department of Energy were able produce a fusion reaction that generated more energy than it consumed, according to a source there. While the results represent a breakthrough, it’s still a long way to creating a viable technology.
harga minyak akan rebound hingga khamis jumaat tapi harga tentu bawah USD85. lepas tu masuk ke satu tahap kestabilan .harga lompat antara USD75-USD85 mcm ni shj at least sampai habis winter. sebab ada Pihak tak nak minyak mahal ,ada pihak tak setuju harga minyak murah sgt . above USD 90 susah dah ,USD100 lagi susah kecuali ada perang kuat berlaku .
U.S. Energy Secretary Jennifer Granholm confirmed that scientists achieved a reaction that created more energy than was used — known as a net energy gain — at the federally-funded Lawrence Livermore National Laboratory in California.
“Last week at the Lawrence Livermore National Laboratory in California, scientists at the National Ignition Facility achieved fusion ignition,” Sec. Granholm said. “It’s the first time it’s ever been done. … Simply put, this is one of the most impressive scientific feats of the 21st century.”
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
twynstar
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Posted by twynstar > 2022-12-03 13:50 | Report Abuse
Adnoc to spend $150 billion in five years, advances 5 million bpd production target to 2027
Abu Dhabi National Oil Company (Adnoc) plans to spend $150 billion on capital expenditure in the next five years, as it prepares to advance its 5 million barrels per day of oil production capacity target to 2027 on the back of improved market fundamentals.
However, the emirate is said to be currently producing just over 3.1 million bpd, in line with output targets set by the wider Opec+ group.
https://www.upstreamonline.com/production/adnoc-to-spend-150-billion-in-five-years-advances-5-million-bpd-production-target-to-2027/2-1-1362534