WM weighing sale of $3bn renewable natural gas unit
The sale could involve the rights to develop renewable natural gas (RNG) operations on 115 landfills owned by WM.
17 May 2024
17 May 2024
The sale could involve the rights to develop renewable natural gas (RNG) operations on 115 landfills owned by WM.
This move is part of the United Arab Emirates (UAE) Government-backed oil and gas company’s efforts to expand its global presence.
The divestment is part of Chevron's strategy to refocus its portfolio and follows the $53bn deal to acquire Hess.
The stake sale is part of the Italian Government’s broader initiative to divest approximately €20bn ($21.74bn) in company stakes by 2026.
The combined entity will have an estimated production of around 250,000 barrels of oil equivalent per day (boepd).
The right-leaning coalition is emphasising energy security as key to its policy.
Demand and supply patterns for liquefied natural gas (LNG) have changed due to of geopolitical tensions and market uncertainties.
The latest discovery follows Roystonea-1 and Sloanea-1 discoveries in the region.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.