Insight
TotalEnergies and Shell on divergent divestment paths in Nigeria
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TotalEnergies plan to divest its oil assets within the Shell JV reveals a divergent approach from Shell, which is exiting its JV business entirely. In previous deals, the IOCs in the JV acted in unison, selling their combined equity in selected assets. The French Major is holding onto OMLs 23 and 28, key gas suppliers to Nigeria LNG. But Shell's exit would leave it in key gas assets with at least 85% indigenous ownership. This report provides Wood Mackenzie's current valuation of the the proposed divestments and lays out how gas supply risks to NLNG will be mitigated.
Table of contents
-
Executive Summary
- TotalEnergies to offload its 10% in Shell JV assets
- What's for sale
- A new JV to emerge?
- Offshore gas increasingly important to NLNG
- Emissions
- What about Eni?
Tables and charts
This report includes the following images and tables:
- Gas supply to NLNG since 2020
- Offshore supply projects for NLNG
- Impact on Shell's portfolio
- Impact on TE's portfolio
What's included
This report contains:
Other reports you may be interested in
Insight
Q4 2024 pre-FID project tracker: Shell wraps up year with Bonga North FID
Our Q4 2024 outlook for global pre-FID upstream projects.
$6,750
Insight
US upstream week in brief: Q4 2024 archive
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary Woodmac views.
$1,350
Insight
Going back to the core: what is the master plan behind TotalEnergies’ service station divestments?
The French major chose to retrench its retail business to the core and focus on markets where it has a competitive advantage.
$900
