Asset Management
LibertyStream has signed a feedstock agreement with Goodnight Midstream to support its first commercial lithium carbonate facility in North Dakota's Bakken, advancing plans to extract battery-grade lithium from produced water.
The loan to Arena Energy will generate an estimated 38,600 B/D in new production from 22 platforms in the Gulf.
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
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Egypt has completed 12 petroleum agreements worth at least $1 billion in addition to a $19-million signature bonus for drilling 21 wells, said Tarek E-Molla, Egypt’s Minister of Petroleum and Mineral Resources. -
Petrobras started production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of the Santos Basin pre-salt, near the Búzios field offshore Brazil.
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CNOOC Ltd., a branch of the China National Offshore Oil Corp., said in late June it had made a discovery at Huizhou 26-6 in the eastern South China Sea.
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Aker BP, Equinor, and LOTOS Exploration and Production Norge AS have reached agreement on commercial terms to jointly develop the Krafla and Fulla region and the north of Alvheim area
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Italy’s Edison has cut $284 million from the sale of its E&P business to Energean after excluding Algerian and Norwegian assets from the deal.
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Shell and Chevron lead the pack in a slew of Q2 losses with $18.1 billion and $8.3 billion, respectively. ExxonMobil, ConocoPhillips, Royal Dutch Shell, Petrobras, and Repsol also posted losses. The tally of these global majors’ losses in a single quarter tops $30 billion.
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Providing a kick start for nascent companies developing clean energy technologies, Halliburton launched its innovation lab, Halliburton Labs. Its first participant is a nanomaterials company developing fireproofing and insulation technology.
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Vår Energi is looking to extract another 136 million BOE from the Balder Field. Production is anticipated in 2H 2022.
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The country’s once-thriving railway system has skidded to a stall, falling victim to low crude-oil prices, reduced demand, and government-imposed oil production cuts.
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The offshore drilling contractor’s latest effort to curb emissions relies on technology developed during the US space shuttle program and could become commercial by 2022.
