Page 14 - AsianOil Week 37 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global over the abrupt firing of former CEO Andriy
(NRG), in which the reader is invited to join Kobolyev, although they later agreed to stay on.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Gazprom advances Baltic LNG
regional beats. We hope you will like NRG's new RUSSIAN gas supplier Gazprom has awarded
concise format, but by clicking on the headline an engineering procurement and construction
link for each section the full text will be available contract for the $13bn LNG complex it is devel-
as before. oping on the Baltic Sea, bringing the ambitious
project one step closer to realisation. Despite its
AfrOil: Sonangol looks ahead to IPO status as Russia’s top gas producer and top gas
SONANGOL, the national oil company of exporter, Gazprom has struggled to expand in
Angola, has revealed details of its plan to issue the LNG arena.
an initial public offering (IPO) of stock. Accord-
ing to Sebastião Gaspar Martins, the chairman of LatAmOil: Hess CEO upbeat over Pinktail
the government-owned company, Sonangol will EXXONMOBIL Guyana, a subsidiary of
sell 30% of its equity in multiple locations, start- US-based ExxonMobil, may include its latest
ing with the Angola Debt and Stock Exchange find in Guyana’s offshore zone in its sixth devel-
in Luanda and expanding later to London and opment project at Stabroek, according to the
New York. head of Hess, the US independent that holds a
minority stake in the block. John Hess, the CEO
DMEA: Saudis in South Sudan supply talks of Hess, said during a recent webcast that the
THIS week’s DMEA looks at talks between newly discovered Pinktail field “has the poten-
Saudi Aramco and South Sudan over oil prod- tial to be coupled with Whiptail, a discovery
uct supplies and the ongoing resumption of announced earlier this year ... to be the sixth
protests at Libyan oil terminals. South Sudan is development.”
expected to agree terms with Saudi Aramco on
the long-term supply of oil derivatives following MEOG: Kuwait to expand drilling
the recent signing of a memorandum of under- THIS week’s MEOG covers Kuwait’s plans to
standing. Meanwhile, protesters are reported to ramp up drilling operations as it seeks to expand
have prevented the loading of oil tankers at two crude production, while Saudi Aramco is con-
Libyan terminals this week, just days after load- sidering a new approach to gas. State-owned
ing had resumed following disruption. Kuwait Oil Co. is planning to drastically increase
drilling as part of its plan to fulfil its output
Euroil: Barents goes blue capacity target of 4mn barrels per day by 2040,
NORWEGIAN oil producers Equinor and Var up from the current 3.1-3.2mn bpd. Meanwhile,
Energi have joined forces with clean energy Aramco is reported to be considering two major
developer Horisont Energi to look at the poten- changes to its approach to gas development as
tial production of blue ammonia in Norway’s the company moves to target a leading role in the
far north. Ammonia has long been used in the gas, chemicals and hydrogen markets.
fertiliser and chemical industries. But if pro-
duced cleanly, it could also serve as a low-carbon NorthAmOil: Phillips 66’s hefty repair bill
energy carrier and shipping fuel. DOWNSTREAM player Phillips 66 may
be forced to idle a refinery in Louisiana as
FSU OGM: Naftogaz board members resign a result of severe damage from Hurricane
THREE members of the independent board of Ida, which hit the state at the end of August.
Ukrainian state gas supplier Naftogaz resigned Citing sources familiar with the matter,
on September 8 amid tensions within the com- Bloomberg reported on September 10 that
pany’s current leadership. The board of Western the plant suffered so much damage that
energy executives resigned in May in protest repairs may be too costly.™

P14 www. NEWSBASE .com Week 37 16•September•2021