iPhone | iPad
Android
Huawei
The first centre will bring together academic researchers and practitioners from the private sector to develop and share best practices in responsible AI
KT APPDOWNLOAD
Shell to invest in phase 2 of Surat gas project in Australia
The second phase of development will include up to 450 production wells, new pipeline and road and infrastructure upgrades
Shell plans to invest in the second phase of development at joint venture Arrow Energy's Surat gas project in Queensland, Australia, the global energy giant said on Monday.
The second phase of development will include up to 450 production wells, new pipeline and road and infrastructure upgrades, Shell said in a statement.
The investment is expected to generate an internal rate of return in excess of the hurdle rate for Shell's integrated gas business, the energy giant said.
Shell did not disclose any details on the investment value when Reuters contacted.
The gas from the project owned by Arrow Energy, a joint venture between Shell and PetroChina, will be supplied to Shell-operated QCLNG liquefied natural gas facility near Gladstone.
The second phase of development at the project is expected to contribute around 22,400 barrels of oil equivalent per day at peak production and first gas is expected in 2026, Shell said.
More news from Business
The UAE has already signed CEPA with major trading partners such as India, Israel, Chile, Colombia, Turkey, Indonesia, Georgia and Cambodia
New developments hold key to the future of work, expert says
A year-on-year (YoY) increase of 20.2 per cent, or Dh135 billion, was recorded
Course offers training in English language, interviewing skills, resume writing, and job search tips
One of the key areas of focus under the MoU is marketing and promotion
Sector increasingly intertwined with high-value investments
Policyholders can get coverage limits of Dh25,000 or Dh50,000 for a 12-month term