Management
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.
Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market.
Aramco expects to complete Phase 1 construction of the 9-mtpa facility in 2027.
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The next phase of drilling is expected to resume in mid-2024 and includes several sidetrack wells, long-reach directional wells, and stratigraphic exploration wells. -
Challenges to development, including costs, cited as reasons for turning back the acreage.
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Jackup rig Borr Norve has started drilling operations on the project’s fourth production well, DHIBM-6H.
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Fervo Energy’s bet that fracturing methods can be used for geothermal power is looking like a winner.
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Additional milestones reached could add $14 million to purchase price.
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Wave power plus a subsea battery can be a reliable source for subsea operations, to a point.
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Woodside confirms key contracts for deepwater Mexican Gulf development.
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National oil companies and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives.
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The project would be built in four phases, with each one producing more than 500 tonnes of hydrogen per day.
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Norwegian energy company Equinor has acquired a 25% stake in the Bayou Bend CCS project from Houston-based Carbonvert.
