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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While innovation steadily advances technologies to produce geothermal energy, the determination of clearly defined laws and regulations is playing catch-up—state by state and case by case in courts. And until it does, scaling up of this promising energy source is at risk of being hamstrung. -
The construction of the Calcasieu Pass 2 liquefied natural gas facilities in Cameron Parish is scheduled to start this year.
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UK Prime Minister Rishi Sunak commits to future oil and gas licensing rounds as new analysis shows domestic gas production has around one-quarter the carbon footprint of imported liquefied natural gas.
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OMV’s discovery of a domestic gas resource coincides with its agreement to import LNG from BP to be regasified in Rotterdam, as Austria knits together a strategy to ensure its energy security.
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The US accounted for 75% of global growth in LNG liquefaction capacity last year as Europe’s worldwide imports jumped 66%, according to the International Gas Union.
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The Pickerel-1 well encountered 90 ft of high-quality oil-bearing Miocene reservoir and will be tied back to the Tubular Bells production facilities.
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An Energy Industries Council survey of nearly 100 energy supply chain leaders finds that a lack of "consistent and profitable work in green projects" prompts a return to oil and gas projects.
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The Irpa gas field, Verdande oil field, and Andvare production-well tiebacks will extend the lives of the mature Aasta Hansteen and Norne fields into the late 2030s.
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Public companies shoring up inventory leads to a shift in Permian asset ownership.
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With the acquisition of manufacturing firm Revak Keene, Fox Innovation and Technologies plans to launch technology aimed at disrupting the compressor and rotating equipment aftermarket status quo.
