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President of Mexico nationalizes lithium

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The President nationalized Mexico’s lithium deposits last April, and created LitioMX (Litio Para Mexico) to mine lithium ( earlier post ). Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. What we are doing now. What we are doing now.

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Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

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Australia-based Woodside Energy has made a final investment decision to develop the large, high-quality Trion resource in the deepwater Gulf of Mexico. First oil is targeted for 2028. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. billion (US$4.8

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Shell starts production at Vito in US Gulf of Mexico; new, simplified design

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Shell Offshore, a subsidiary of Shell plc, has started production at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM). With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design.

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EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

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In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). In 2021, Texas’s annual crude oil and lease condensate proved reserves increased by 12% (1.9

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EIA: US Permian Basin oil production and resource assessments continue to increase

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Crude oil production in the US Permian Basin is expected to increase to an estimated 2.4 Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as domestic crude oil prices fell. Recent geological surveys have further explored the resources contained in the Permian Basin.

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Mexico President Calderón announces first PEMEX deepwater Gulf of Mexico oil discovery; preliminary indication of 350M barrels oil equivalent

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Mexico President Felipe Calderon today announced PEMEX’ first oil discovery in the deepwater Gulf of Mexico. The state-owned company’s Trion 1 well, 177 km off the coast of Tamaulipas, confirmed the presence of light oil reservoirs in the province of the Perdido fold belt. The well, located 39 km. kilometers (2.8

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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit. Malo production facility operated by Chevron USA Inc. The blocks are WR-584, WR-627, WR-628, WR-540 and WR-583.

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