Equinor
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Smackover Lithium, an Equinor joint venture, will drill new wells on the Franklin project to get a better understanding of its brine makeup and lithium potential. -
The subsea field is part of the larger Snøhvit development in the Barents Sea.
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Updates about global exploration and production activities and developments.
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The initial phase of the carbon capture and storage project has a capacity of 1.5 million tonnes per year, with a second phase—due online in 2028—expected to bring the storage capacity to 5 million tonnes per year.
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The collaboration will see TGS’ software platform implemented throughout the carbon value chain at the Northern Lights project.
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Big oil companies are backing direct lithium extraction while the market flashes warning signs.
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The facility has more than 100,000 solar panels and is capable of producing 65 MW.
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Electricity produced onshore powers oil production at Johan Sverdrup holding CO₂ emissions at only 5% of the global average.
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Equinor and Shell plan to launch the joint venture—initially announced in late 2024—by the end of 2025, pending regulatory approvals.
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North Sea tieback to the Troll C platform could begin production by the end of 2029.
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