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This marks the largest deal by an oil major since the COVID-19 outbreak gripped the global economy. The sale comes as the energy giant's peers expand their chemical operations.
Natural gas is expected to become the second-largest fuel to meet the global energy demand.
India is the third-largest oil consuming nation in the world and the fourth-largest Liquefied Natural Gas.
Oil & gas pipelines are major assets that need protection from corrosion to avoid leakage, product loss and ensure public and environmental safety.
Peak production of around 175,000 barrels of oil equivalent (boe) per day is expected in 2019.
The events were attributed to the disposal of wastewater used during hydraulic fracturing, or fracking processes, for the harvesting of oil.
Increases total Payara resource to approximately 500 million oil-equivalent barrels.
The transaction represents Shell's exit from the upstream business in Ireland.
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