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NPD study finds substantial mineral resources on Norwegian shelf

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The Norwegian Petroleum Directorate (NPD) has prepared a resource assessment of the seabed minerals on the Norwegian shelf. The report concludes that substantial resources are in place on the seabed. For several of the metals, the mineral resources are sufficient to cover many years of global consumption.

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Resource report concludes Galvanic’s lithium prospect among most prolific in North America

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A recently completed resource report has validated Galvanic Energy’s Smackover prospect as one of the largest lithium brine resources in North America, with sufficient lithium to produce enough batteries for 50 million electric vehicles. An independent evaluation and technical report authored by APEX Geoscience Ltd.

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Permian Resources to acquire Earthstone Energy, creating a $14B Delaware Basin independent E&P

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Permian Resources Corporation and Earthstone Energy entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt.

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Walkabout Resources’ Tanzanian graphite project moves to construction phase

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Australia-based Walkabout Resources, an Africa-focused energy minerals developer, announced that its Tanzania Lindi Jumbo flake graphite project had progressed into the construction phase, with the CRDB-approved Independent Project Manager completing site visits and bulk earthmoving contractor TNR commencing mobilization.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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Battery Resourcers to open North America’s largest Li-ion battery recycling facility by August

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Battery Resourcers, a vertically integrated lithium-ion battery recycling and engineered materials company, plans to open a commercial-scale, lithium-ion battery recycling facility in Covington, Ga. —Michael O’Kronley, CEO and Director of Battery Resourcers. The opening of this facility will help meet that demand.

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DOE announces $29M for research on machine learning, artificial intelligence, and data resources for fusion energy sciences

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The US Department of Energy (DOE) announced $29 million in funding for seven team awards for research in machine learning, artificial intelligence, and data resources for fusion energy sciences. Nineteen institutions will apply advanced and autonomous algorithms to address high-priority research opportunities in fusion and plasma sciences.

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