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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The Norwegian government grants a 20-year license extension for Ekofisk. -
Two new wells will add 20,000 BOED to the field’s overall production volumes.
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A total of 59 blocks were awarded to 13 companies.
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The Offshore Technology Conference drew nearly 25,000 participants, showing renewed interest in in-person meetings following the successful ADIPEC and IPTC conferences.
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First well suffered mechanical issues, while the followup encountered noncommercial quantities of oil.
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The well is in the Orange Basin where Shell and TotalEnergies made significant oil finds on the Namibia side.
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New discoveries in the Meleiha concession add 8,500 BOE to production.
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At peak, the new discoveries are expected to contribute more than 12,000 BOPD.
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Oil find will be tied into existing infrastructure for development.
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The EU has voted to immediately ban Russian oil imports supplied by tanker, a two-thirds cut in deliveries, while member states aim for a 90% import shutdown by yearend when Germany and Poland have pledged to phase out their Russian pipeline supplies.
