Page 17 - AsianOil Week 48 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global Gazprom has earned handsome profits during
(NRG), in which the reader is invited to join the European gas crisis this year and intends to
our team of international editors, who provide a plough some of that windfall cash back into new
snapshot of some of the key issues affecting their infrastructure.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: McDermott reports completion of net-
link for each section the full text will be available zero LNG construction study for Shell
as before. MCDERMOTT International said this week
that it had recently completed a study for Shell
AfrOil: Kenya dismisses rumours on LAPS- Global Solutions International, aimed at reduc-
SET land acquisition ing greenhouse gas emissions during the con-
KENYA’S government is seeking to deny reports struction of LNG projects. The study identifies
that it has already begun the process of land “tangible reduction pathways” with an ultimate
acquisition in Turkana County for the Lokich- aim of net-zero emissions during the construc-
ar-Lamu Crude Oil Pipeline (LLCOP) project, a tion phase of LNG projects, McDermott stated.
component of the Lamu Port-South Sudan Ethi-
opia Transport Corridor (LAPSSET) initiative. LatAmOil: Eco hopes for light oil find at
James Long’ole, the National Land Commission Orinduik
(NLC) co-ordinator for Turkana, took note last UK-BASED Eco (Atlantic) Oil & Gas has
week of rumours that government officials had expressed optimism about the prospects for
already identified 516 landowners who would be a major discovery at the Orinduik block off-
affected by LLCOP. shore Guyana, noting that the eastern sec-
tion of the licence area is very close to several
DMEA: Aramco denies deal is dead fields within the neighbouring Stabroek block.
SAUDI Aramco’s president and CEO this week Eco, a minority shareholder in the Orinduik
rejected that talks for a major downstream consortium, said last week that it was work-
tie-up between the company and India’s Reli- ing with its partners to update the inventory
ance Industries Ltd (RIL) had been scrapped. of drilling targets and to choose exploration
Speaking to Arab News, Amin Nasser said that drilling sites.
the talks had been paused while Reliance carries
out a restructuring process, adding that they MEOG: Major field development plans
would “continue to discuss further with them IN this week’s MEOG we look at plans for the
in the future after they finish the restructuring”. development of two of the region’s biggest oil
and gas fields – Rumaila and South Pars. Iraqi
EurOil: Neptune owners reportedly mull officials last week attended a ceremony to inau-
sale gurate the new Basra Energy Company (BEC)
THE owners of leading North Sea player Nep- joint venture between BP and PetroChina, which
tune Energy are considering a sale of the busi- has taken over as the main contractor for the
ness, sources told Bloomberg on November development of the super-giant Rumaila oilfield.
14, with the hope of raising as much as $5bn. Meanwhile, Iran’s state-owned Pars Oil and Gas
Sources said that advisors to the company’s pri- Co. (POGC) said this week that it has started a
vate equity backers, Carlyle Group and CVC new drilling campaign as it seeks to add reserves
Capital Partners, had requested takeover bids at the supergiant offshore South Pars gas field.
from interested parties next month. Delibera-
tions continue and Neptune’s owners could still NorthAmOil: Canadian regulator rejects
decide against a divestment. Enbridge’s Mainline contracting plan
THE Canada Energy Regulator (CER) has
FSUOGM: Gazprom to use gas crisis wind- rejected pipeline operator Enbridge’s proposal
fall to boost capex to change how it allocates capacity on its Main-
CAPITAL spending levels at Russia’s Gazprom line system. Under the plan, 90% of the capacity
are once again creeping upwards, as the com- would have been sold under long-term con-
pany prepares to ramp up gas supplies to China tracts rather than allocated on a monthly basis
and expand development in the Russian Arctic. as before.™

Week 48 03•December•2021 www. NEWSBASE .com P17