Wood Mackenzie expects an energy transition to be the major driver of the future of Australia’s upstream oil and gas industry, with up to $US27 billion ($37.9 billion) of assets to be introduced on the market.
According to a Wood Mackenzie report, oil and gas operators have sharpened their strategies and highlighted the need for portfolios to be robust through the cycles in response to this year’s oil price crash and COVID-19.
In Australia, this means a lot of assets have already been put on the market, with up to $US10 billion on offer and a lot more on the way.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.