Posted inExploration & Production

Shell’s Nigeria sale offers value, but bidders need to do their homework: Wood Mackenzie

Shell is in the process of divesting its operated joint ventures in Nigeria

Shell has started a process to divest all of its operated joint venture licences held by the Shell Petroleum Development Company (SPDC) in Nigeria. This includes a 30% interest in 19 Oil Mining Leases (OMLs). Gail Anderson, Research Director with Wood Mackenzie’s Sub-Sahara Africa upstream team, said: “There is considerable value upside across the joint […]

Posted inExploration & Production

Southeast Asia to increasingly rely on LNG imports through 2030

Southeast Asia represents a key growth region for natural gas over the next decade as populations and economies continue to grow

Despite being a net exporter of liquefied natural gas, Southeast Asia is set to increasingly rely on imported LNG through 2030 to meet the growing demand and support the waning domestic supplies, says GlobalData, a leading data and analytics company.    Southeast Asia represents a key growth region for natural gas over the next decade […]

Posted inExploration & Production

Global low carbon hydrogen production capacity to reach 14 mtpa in 2030: GlobalData

The majority of the capacity in the pipeline comes from projects that are still in the feasibility stage and not certain to go ahead

Global capacity for hydrogen production from renewable energy or natural gas with carbon capture could increase by over 20 times reaching 14 million tonnes per annum (mtpa) by 2030, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Hydrogen Transition Outlook and Trends – Q3 2021’, reveals that recent announcements have brought […]