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Shell signs new offshore upstream deals with CNOOC and CNPC; China and Gabon

Green Car Congress

Shell has also entered an agreement with CNOOC for its participation in two Shell exploration blocks offshore Gabon, West Africa. In Gabon, CNOOC will acquire a 25% participating interest in offshore exploration blocks BC9 and BCD10. Moreover, we are very pleased to have entered the farm-out agreement with CNOOC in Gabon.

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From 2016-2019, > 90% of lithium imported to US came from Argentina and Chile

Green Car Congress

During this same time period, Gabon produced 69% of the manganese imported to the United States, while imports of cobalt, graphite and nickel were not as heavily dependent on a single country. Global consumption of lithium in 2021 was estimated to be 93,000 tons, a 33% increase from 70,000 tons in 2020.

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GE study finds 5% of worlds natural gas production wasted per year by flaring

Green Car Congress

A newly released GE study — Flare Gas Reduction: Recent Global Trends and Policy Considerations —estimates that 5% of the world’s natural gas production is wasted by burning or “flaring” unused gas each year, despite some progress on the flaring issue. It will help slow global warming while also saving scarce natural resources.

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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. —Eklavya Gupte, senior editor for S&P Global Platts. million b/d, the lowest since February 2003, S&P Global Platts data showed.