ExxonMobil
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New studies are a reminder that the effort to identify, classify, and nullify frac hits remains paramount to the future of the unconventionals business. -
The Exxon-lead consortium, which includes Hess and the China National Offshore Oil Corporation as partners, will present a field development plan to the Guyana government in October for the Whiptail field.
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A new report said the US supermajor has made its second move in a month to enter the emerging lithium extraction industry.
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Under the new agreement, ExxonMobil will capture, transport, and store carbon from Nucor’s direct reduced iron plant in Louisiana.
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The US supermajor is said to have struck a deal that may make it a major supplier of lithium, which is needed to expand the US electric vehicle market.
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The deal covers the supply of more than 50 km of dynamic and static subsea umbilicals.
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Equinor, Shell, ExxonMobil expect the long-delayed project to come online around 2030.
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The collaboration expects to redefine methane detection and contribute to emission-reduction efforts across dozens of industries, including energy, agriculture, manufacturing, and transportation.
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Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
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The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block.
