Skip to main content
Oil majors embark on quest to make natural gas more profitable

With oil demand projected to flatten within the next 10 years as the world transitions to a cleaner energy future, major oil companies are doubling down on natural gas but are challenged with raising its profitability and competitiveness. Upcoming liquefied natural gas projects have a weighted average internal rate of return of about 13%, compared with 20% for deepwater developments and 51% for unconventional oil projects, reports Wood Mackenzie.

Full Story: