Should Big Oil Get Into The Lithium Business? ...Middle East

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Should Big Oil Get Into The Lithium Business?
In March 2021, Schlumberger announced a pilot project led by its subsidiary Schlumberger New Energy. The project was supposed to test a new method of extracting lithium much more quickly and efficiently. Also in 2021, a joint venture between All-American Lithium and an Occidental Petroleum subsidiary received a package of patents for new lithium extraction technologies and processes. Fast-forward three years and Exxon has also joined the lithium show. The supermajor last month said it had acquired drilling rights for…

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