The agreement to acquire 100% shares in Nature Energy Biogas was signed in November 2022.
The bought entity has 14 operating biomethane plants with associated structures and feedstock deals.
Additionally, the company has 30 new projects planned in Europe and North America, with more than one third of them located in Denmark, the Netherlands and France in late stages of development.
Under the deal, Nature Energy Biogas will operate as a subsidiary of Shell.
While the exact cost of the deal was not disclosed, it is expected to be around USD 2 billion.
Shell has set a target to have net-zero carbon dioxide emissions by 2050 from its energy business.
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
This website uses cookies.