Asset Management
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
-
The Midland, Texas-based operator said the deal hands it the biggest remaining target in the Midland Basin side of the Permian Basin. -
Fresh permit will allow the project to move forward towards FID this fall, first production expected in early 2029.
-
SponsoredElectrical submersible pumps (ESPs) are the backbone of artificial lift operations, enabling the extraction of hydrocarbons from challenging reservoirs. However, their effectiveness is often compromised by the extreme downhole environment, characterized by soaring temperatures, high pressures, and exposure to aggressive fluids.
-
The Tiber FPU is expected to follow the Kaskida hub currently being built in Singapore.
-
Closed-loop geothermal systems have entered the new-energy arena to generate electricity using the underground as a heat exchanger.
-
Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.
-
Upgraded sour-gas injection and a new third-generation processing plant are key to keeping supergiant Tengiz producing for years to come.
-
The new Sevan-designed cylindrical FPSO is expected to flow 45,000 BOE/D at peak.
-
The companies said they plan to work together on developing geopressured geothermal systems for low-carbon energy storage and geothermal power generation.
-
Industry leaders champion collaborative solutions as essential for overcoming fracturing limitations.
