Page 17 - LatAmOil Week 44 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global investor Daniel Loeb, has accumulated a stake
(NRG), in which the reader is invited to join valued at nearly $750mn in Shell, and is seeking
our team of international editors, who provide a its break-up.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: Gazprom building up domestic
concise format, but by clicking on the headline gas stockpiles
link for each section the full text will be available Russia’s Gazprom expects to finish stockpiling
as before. gas at its Russian storage sites on November 8,
CEO Alexei Miller said on October 27, after
AfrOil: Former Sonangol director pessimis- which it will shift its focus to filling its sites else-
tic about local content where in Europe. Miller was discussing the situa-
Angola’s government has made efforts to increase tion on the gas market in a meeting with Russian
local content in projects involving international President Vladimir Putin, where the two men
oil companies, but its approach has had only lim- noted that European gas storage utilisation was
ited effect, according to a former director of the at an unusually low level for this time of year.
national oil company Sonangol. Arnaldo Lago
de Carvalho, who previously served on Sonan- GLNG: Saipem sees Mozambique LNG
gol’s board of directors, said last week that he saw project restarting in mid-2022
the NOC itself as the biggest obstacle to increas- Italian energy services provider Saipem said on
ing local content in oil and gas projects. October 28 that it expects work on the Mozam-
bique LNG project, which was put on hold this
AsianOil: Santos, Beach reach FID on year for security reasons, to restart around mid-
Moomba CCS 2022. Saipem’s chief financial officer, Antonio
Santos and Beach Energy have reached a final Pacioretti, has indicated that he does not expect
investment decision on their $165mn Moomba the project to make any significant contributions
carbon capture and storage project in South to his company’s performance in 2021.
Australia. Santos said on November 1 that the
project, which it operates with a 66.7% interest MEOG: Aramco results and Iraq deals
while Beach holds the remainder, was slated to Saudi Aramco’s third-quarter reports shows net
start up in 2024. income of $30.4bn, up 158% year on year. This
puts it back at the top of the list of the world’s
DMEA: Zarqa expansion, Duqm update most profitable companies. Meanwhile, Iraqi
Jordan Petroleum Refinery Co. (JoPetrol) this Oil Minister Ihsan Abdul Jabbar has said that the
week announced that it had received bids from government will sign billions of dollars worth of
engineering firms for a contract to expand the gas, renewables, water and petrochemicals deals
country’s Zarqa refinery under the so-called Pro- with Saudi Arabia before the end of its term.
ject Petra. In other news, Oman’s flagship Duqm
refinery is now on course for commissioning NorthAmOil: North American producers
during the first quarter of 2023, with project report improved performances
completion now having reached 87%. The earnings season is in full swing, and a grow-
ing number of North American producers is
EurOil: Shell resists break-up call reporting stronger performances thanks to com-
Royal Dutch Shell has rejected a call by an activ- modity prices being at multi-year highs. Among
ist shareholder to break up the oil major, argu- those reporting stronger performances are
ing that the company works better as a united super-majors Chevron and ExxonMobil, which
entity. Third Point, owned by billionaire activist posted their highest quarterly profits in years. ™

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Week 44 04•November•2021 www. NEWSBASE .com P17