Page 15 - MEOG Week 41 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global limit the emissions from its oil and gas business.
(NRG), in which the reader is invited to join Repsol was the first major oil and gas pro-
our team of international editors, who provide a ducer to pledge to become a net-zero emissions
snapshot of some of the key issues affecting their company by 2050.
regional beats.
We hope you enjoy NRG’s new concise for- FSUOGM: The Putin effect on gas prices
mat, but by clicking on the headline link for each Natural gas prices in Europe took a dive on the
section the full text will be available as before. afternoon of October 6, after Russian President
Vladimir Putin hinted that Gazprom might
AfrOil: ReconAfrica’s seismic draws fire release more supply onto the market.
Toronto-listed Reconnaissance Africa Energy, The contract for November gas delivery at
known as ReconAfrica, has come under fire the Dutch TFF platform briefly soared to almost
from a local non-governmental organisation $2,000 per 1,000 cubic metres in the early hours
called Frack Free Namibia (FFN). of trading, before sliding back down around
In a statement issued last week, FFN alleged $1,700.
that ReconAfrica’s exploration activities had dis-
rupted local communities in the Kavango basin. GLNG: PNG wants bigger LNG stake
The government of Papua New Guinea (PNG)
AsianOil: ENN seals long-term LNG deal has said that it would want to up its stake in the
Chinese utility ENN Natural Gas has signed PNG LNG project if the proposed takeover of
a new long-term liquefied natural gas supply Oil Search by Santos goes ahead.
agreement with the US’ Cheniere Energy. Under the proposed deal, Santos will acquire
The Chinese company said on October 11 Oil Search’s interest in PNG LNG, making it the
that Cheniere had agreed to supply 900,000 biggest single shareholder in the project, which
tonnes per year of the fuel for 13 years from July is operated by ExxonMobil, with a 42.5% stake.
2022 on a free-on-board basis.
LatAmOil: Protest halts ONP flows
DMEA: Refinery cancelled and another IPO A group of indigenous Peruvians took over the
This week’s DMEA covers the cancellation of facilities of Pump Station #5 along the North-
plans to build a major new refinery in Abu Dhabi ern Oil Pipeline (ONP) last week, in an act that
and the next stage of Aramco’s asset monetisa- forced the national oil company Petroperu, the
tion plan. owner of ONP, to halt crude shipments.
State-owned Abu Dhabi National Oil Co. In a statement, Petroperu said it had taken
(ADNOC) this week has said that it will no this step after residents of the northern Loreto
longer proceed with a major expansion of its region seized control of the pumping station on
downstream hub at Ruwais, citing a lack of com- October 4.
mercial attractiveness. Meanwhile, Saudi Ara-
mco is continuing its asset monetisation strategy, NorthAmOil: Chevron sets net zero goal
with reports suggesting it is once again prepar- Chevron announced this week that it would
ing to follow the lead of regional competitor pursue net-zero greenhouse gas emissions by
ADNOC with the listing of a share in its fuel arm. 2050.
The company described the target as an “aspi-
EurOil: Repsol raises clean energy target ration”, and while it fell short of the more aggres-
Spanish energy group Repsol has announced it sive net-zero goals set by European rivals such as
is increasing its 2030 target for renewable energy Royal Dutch Shell and BP, it marks the first such
capacity by 60%, while also setting new targets to move by one of the two US super-majors.™

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