13 November 2025
13 November 2025
The agency projected that oil demand could reach around 113mbbl/d by mid-century, an increase of roughly 13% from 2024 consumption.
Availability of low-cost feedstock coupled with growing demand from end-user industries will fuel the starts in the region.
Chevron aims to maintain capital and cost discipline, while investing to extend cash flow growth into the next decade.
Equinor will continue as a non‑operated partner until the sale of the remaining 20% is completed.
Dana Gas will conduct a comprehensive technical assessment of the identified gas fields.
The MoUs involve organisations such as Beicip-Franlab, ConocoPhillips, Eliis, Microsoft, PTTEP, Shell, SLB and TotalEnergies.
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