Equinor

Updates about global exploration and production activities and developments.

The Norwegian operator engaged BW Offshore and Altera Infrastructure to take a run at a development scheme for the project.

Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.

The money will aid the partnership of Equinor and Standard Lithium in constructing a processing plant, which, in its first phase, is targeted to produce 22,500 tonnes of lithium carbonate per year for use in battery production.

Updates about global exploration and production activities and developments.

Partners will go back to the drawing board to design a new well to reach the prospect’s primary objectives.

Permits for the East Side Cluster carbon storage project have been awarded, and participants have begun announcing final investment decisions.

A new UK-based operating company is set to launch next year with a production profile of nearly 140,000 BOE/D.

Updates about global exploration and production activities and developments.

The deal follows an asset swap on the same acreage earlier in the year and increases Equinor’s natural gas holdings in the region.