Management
Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.
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.
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A testing and completion program for the CN-1 discovery is under review. -
New well on the South Salinas project encounters commercial quantities of oil.
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Life-extension project will double the facility’s life in hopes to double its output to date.
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Plan granted contains permission for one appraisal well and up to six horizontal development wells.
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The acreage comprises 10 leases covering approximately 25,430 contiguous acres.
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New well northwest of Cizre strikes 162 m of light oil pay.
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New probe extended past 5.3 miles deep in Tarim Basin.
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The new well in offshore Bloc 9 is expected to wrap up by year-end.
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SMJ will get 50% nonoperating interest in the PSC.
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A look at recent first‑quarter results reminds us that there is no such thing as a constant trend in our industry. Continual recalibration of companies’ activities aim to obtain positive financial results in the traditional oil and gas business while devoting efforts in a practical way to both mitigate climate change issues and to develop new forms of energy.
