Over the next five years, investments in 22 offshore oil and gas projects in Nigeria could reach $50 billion. This is expected to boost production, create jobs, and strengthen the country's energy security.
BP is considering the possibility of withdrawing from the Yamagata Yuza offshore wind farm project in Japan, amid a reduction in its involvement in renewable energy and challenges with partners. A final decision has not yet been made, and the project's implementation is slowing down due to a review of the terms and the anticipation of additional government support.
Thailand's national oil and gas company PTTEP is preparing to make an investment decision on the development of the Bussabong gas field, with production expected to begin in 2028. The project involves partner Valeura, which is acquiring a 40% stake, and further exploration and development of offshore assets in the northern part of the Gulf of Siam are planned.