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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. Trion is located in a water depth of 2,500 meters, approximately 180 km off the Mexican coastline and 30 km south of the Mexico/US maritime border. First oil is targeted for 2028.

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GlobalData: Global lithium production to triple over the next four years

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After moderate growth in lithium supply between 2010 and 2017 of 6.4% per annum, global output is expected to triple between 2018 and 2022 to reach 154kt (metal content), as 86kt of new metal capacity comes on stream to meet the increasing demand for the metal for use in batteries in electric vehicles and smartphones. million tons.

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Nissan’s global sales driven by strong momentum in crossover and SUV models

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Nissan’s global crossover and SUV sales increased more than 12% in 2017 to more than 2 million vehicles (more than 34% of total Nissan sales for the year), driven by the all-new Nissan Kicks small crossover, the Rogue, X-Trail and Qashqai compact models, a refreshed Armada full-size SUV and the INFINITI QX30 compact luxury crossover.

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Constellium to open Mexico plant for automotive aluminum structural components

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intends to open a new manufacturing facility in Mexico to produce aluminium automotive structural components. This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding auto industry in Mexico.

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Eni report: global oil reserves and oil production up in 2018 due to US

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In 2018, global oil reserves rose slightly (+0.4%), mainly due to growth in the US. WTI, the US light crude, covers 60% of global growth. Global oil demand grew by 1.4%, slightly lower than in 2017 (+1.6%) in a context of increasing oil prices. recorded in 2013-2017. also rose in Brazil and Norway.

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Shell starts production at Stones in the Gulf of Mexico; deepest offshore oil and gas project

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Shell has begun production from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017. Shell’s global deep water business is a growth priority for the company and currently produces 600,000 boe/d.

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US Shale Is Immune To An Oil Price Crash In 2017

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Oil production in the Lower 48 excluding the Gulf of Mexico is expected to rise until the end of the year even if the price of oil plunges to US$40, Rystad’s analysis shows. Since December 2016, oil output in the Lower 48 states, minus the Gulf of Mexico, has been on a continuous expansion, with 430,000 bpd growth so far.