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 drilling of the Berling field will begin in the third quarter of 2026, with gas and condensate production expected in 2028. -
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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The offering includes automatic evaluation of project economics and enhances collaboration to cut the time required for field development planning by up to 50%, according to the companies.
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A new paper warns that meeting emission reduction targets in the top US oil basin will require a fourfold increase in available grid electricity.
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The transaction is part of a broader strategy by Eni to reduce its oil portfolio in favor of natural gas.
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The deal is expected to support the liquefied natural gas exporter’s Sabine Pass liquefaction expansion project.
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The contractor will see the delivery of its first subsea production systems to Azule Energy.
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A flurry of activity has resulted in several long-term contract extensions.
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The deal is expected to support the liquefied natural gas exporter’s Sabine Pass liquefaction expansion project.
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The construction of the Calcasieu Pass 2 liquefied natural gas facilities in Cameron Parish is scheduled to start this year.
