05 July 2023
05 July 2023
Of Shell’s LNG trade between March and December 2022, 8% came from Russia.
The offshore exploration programme aims to drill 35 exploratory gas wells until July 2025.
Between 2023 and 2026, the company plans to have net proceeds of €1bn from the balance drawn between asset divestments and acquisitions.
AGEC, with whom Uganda struck the deal, did not have the required funds by the final deadline last week.
The natural gas purchase and sale contract is effective from January 2024 until December 2034.
HD Korea’s unit will build a floating production unit with the capacity to produce 100,000 barrels of crude oil for Woodside Energy.
Longboat will acquire a 4.80% unitised interest in the Statfjord Øst Unit and a 4.32% unitised interest in the Sygna Unit.
Other nations such as Nicaragua, the Philippines, Ghana and Ecuador have also embraced this strategy.
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