Published by
Alex Hithersay,
Editorial Assistant
Hydrocarbon Engineering,
Royal Dutch Shell plc (Shell) has completed the sale of its shares in Shell entities in New Zealand to OMV for US$578 million.
This includes the Maui, Pohokura, and Tank Farm assets, and the sale of Shell’s interest in (and operatorship of) the Great South Basin venture, which was subject to a separate agreement.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/02012019/shell-announces-sale-completion-of-new-zealand-entities/
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The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
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