30 May 2025
30 May 2025
The execution of the agreement is subject to an FID regarding Train 5.
The North West Shelf gas plant's operational life is reportedly extended to 2070.
The discovered oilfield holds an estimated 1.9mbbl–17.5mbbl, with 0.3mbbl–2.8mbbl expected to be recoverable.
The approval permits the export of up to 13.5mtpa of US-produced LNG.
The JV and transaction are subject to regulatory approvals, anticipated in Q1 2026.
The divestment will increase Shell’s stake in the OML 118 PSC to 67.5%.
Standalone renewable refineries to drive SAF production capacity in the region.
Policy direction requires an overhaul of traditional business models while the market for new energy technologies is still maturing.
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