Page 17 - DMEA Week 46 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global cycle” in energy markets would drive prices
(NRG), in which the reader is invited to join higher as demand recovers.
our team of international editors, who provide a Rosneft’s EBITDA came in at $8.7bn in the
snapshot of some of the key issues affecting their three-month period, up 13% quarter on quarter,
regional beats. while net income rose by 38.7% to $4.3bn.
We hope you enjoy NRG’s new concise for-
mat, but by clicking on the headline link for each GLNG: Details of Cheniere deal disclosed
section the full text will be available as before. Leading US LNG producer Cheniere Energy
struck a deal to supply the super-chilled fuel
AfrOil: Talks resume on Tanzania LNG to France’s Engie earlier this year, according to
Tanzania’s Energy Minister January Makamba a letter to the US Department of Energy (DoE)
confirmed last week that his country’s govern- whose details have now been made public.
ment had resumed talks with several IOCs on The deal is notable because last year Engie
the Tanzania LNG project. pulled out of talks over a potential supply deal
Makamba made his announcement in a pair with another US firm, NextDecade, having
of Twitter posts dated November 8 and said he reportedly come under pressure from the French
expected this large-scale initiative to benefit the government not to buy LNG produced from
country. shale gas.
AsianOil: Petronas’s CCUS agreements LatAmOil: FPSO discussed for Stabroek
Malaysia’s state-owned Petronas has signed a US-based ExxonMobil is reportedly in discus-
number of agreements this month with interna- sions with the Dutch contractor SBM Offshore
tional partners that focus on developing CCUS on the construction of a fourth FPSO vessel for
technology. installation at the Stabroek block offshore Guy-
Petronas has signed an MoU with Baker ana. Two sources close to the matter told Reu-
Hughes to collaborate on “technological devel- ters last week that the parties had already begun
opments supporting energy transition”, among negotiations.
other things, the state major announced on
November 16. MEOG: Eridu plans and Kuwait’s transition
Iraq’s Ministry of Oil said this week that it has
EurOil: Germany hits back against nuclear received a development plan for the Eridu oil-
Disagreements over which fuels the EU should field from Russia’s Lukoil, envisaging peak pro-
recognise as sustainable are heating up, with duction of 250,000 barrels per day.
Germany and four other member states on Meanwhile, Kuwaiti Oil Minister Moham-
November 11 warning against the inclusion of med Al Fares this week repeated intentions to
nuclear energy. ramp up oil production, though made some pre-
In a joint statement issued by the environ- liminary comments about the country’s plans to
ment ministers of Germany, Denmark, Luxem- embark on the energy transition.
bourg, Austria and Portugal, the countries said
that including nuclear power in the proposed NorthAmOil: Freeport LNG’s CCS plan
EU taxonomy would permanently damage the Freeport LNG Development announced this
regulation’s “integrity, credibility and therefore week that it had executed a letter of intent (LoI)
its usefulness.” with Talos Energy to jointly develop a CCS facil-
ity to serve the Freeport liquefaction terminal on
FSUOGM: Sechin warns of super cycle the Texas Gulf Coast.
Russia’s state-owned Rosneft followed other oil The announcement about the FLNG CCS
and gas majors in reporting a surge in profits in project came a day after Global Infrastructure
the third quarter on the back of higher prices, Partners (GIP) said that it was selling its 25.7%
with its CEO Igor Sechin predicting a “super stake in Freeport to Japan’s JERA for $2.5bn.™

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