The project is expected to receive a joint C$100-million investment from the federal and provincial governments and it is planned to begin operations in early 2023.  According to Lion, the factory will produce battery packs and modules made from lithium-ion cells, which should translate into a considerable reduction in the cost of its vehicle manufacturing,...Continue Reading

The field test, completed on behalf of a major operator, was comprised of more than 300 operating hours with an average of more than 18 pumping hours per day, including the completion of 172 stimulation stages at rates up to 22 barrels per minute. SourceContinue Reading

Oil Markets Already Priced In An OPEC+ Output Cut Extension | OilPrice.com Yousef Alshammari Dr. Yousef Alshammari is the CEO and Head of Oil Research at CMarkits, London, UK. He is a former Research Fellow at the Organisation of… More Info Premium Content By Yousef Alshammari – Mar 29, 2021, 12:00 PM CDT The closure...Continue Reading

Shell To Tie Executive Bonus Pays With Energy Transition Goals | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Mar 29, 2021, 11:30 AM CDT Oil and gas supermajor Shell is...Continue Reading

Iran And China Strengthen Oil Ties With 25-Year Strategic Deal | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Mar 29, 2021, 11:00 AM CDT China and Iran officially stated they...Continue Reading

Venezuela Looks To Pay With Oil For COVID Vaccines | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 29, 2021, 10:30 AM CDT Venezuela could pay with oil for COVID-19 vaccines, Nicolas Maduro, the President of the struggling South American nation that is home to...Continue Reading

Russia Aims To Raise Production, Backs OPEC+ Cut Rollover | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Mar 29, 2021, 10:00 AM CDT Russia, the leader of the non-OPEC group...Continue Reading

In an agreement that further expands and complements Baker Hughes CCUS technology portfolio offering to strategically position for new energy frontiers, the Mixed Salt Process technology enables significant carbon capture separation cost reductions, providing cost savings for energy and industrial operators to decarbonize operations. SourceContinue Reading

UAE Launches Own Oil Futures Contract | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Mar 29, 2021, 9:00 AM CDT The UAE potentially made history today when it sounded the starting pistol for its Murban crude oil futures, to be traded on the brand new...Continue Reading

KCA Deutag has secured contracts worth around $110 million for its land drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing the company to mobilize stacked rigs, and contract extensions. SourceContinue Reading