Aramco and Shell in price negotiations for Pavilion Energy’s LNG assets
The sale of Temasek-backed Pavilion Energy's assets could command a price tag of more than $2bn (S$2.7bn).
08 April 2024
08 April 2024
The sale of Temasek-backed Pavilion Energy's assets could command a price tag of more than $2bn (S$2.7bn).
The unit, called Jawa Satu, will receive liquefied natural gas (LNG) for power generation from LNG carriers via ship-to-ship transfer.
Ahead of Shell’s quarterly results on 2 May, the company expects liquefied natural gas (LNG) liquefaction volumes of between 7.2 and 7.6 million tonnes (mt).
Over its lifespan, the field is set to produce 116.9 million barrels (mbbl) of oil and 124.4 billion cubic feet (bcf) of natural gas.
DeepOcean will work on subsea pipelines, structures and high-voltage cables for offshore renewables and oil and gas fields.
Panoro envisages holding up to an 80% participating interest in the block upon the award of a production sharing contract (PSC).
The company is shifting focus to its Murmansk project, which would benefit from ice-free port access in the Barents Sea.
Just ten single entities including oil majors Shell and ExxonMobil are responsible for 40% of historic fossil fuel emissions, finds new analysis.
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