Equinor

Updates about global exploration and production activities and developments.

The report from the Oil and Gas Climate Initiative presents data showing that its 12 member companies have reduced aggregate upstream methane intensity by 62%, routine flaring by 72%, and carbon intensity by 24% since 2017.

The DeepOcean-lead joint industry project aims to advance commercialization of a new patented technology that heats pipeline systems deployed in deepwater where flow assurance can be a challenge.

Citing a lack of profitability, the Norwegian major has chosen to end its electrification efforts in the Halten and Snorre areas.

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.

Updates about global exploration and production activities and developments.

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.

The collaboration will see TGS’ software platform implemented throughout the carbon value chain at the Northern Lights project.

Big oil companies are backing direct lithium extraction while the market flashes warning signs.