Page 21 - FSUOGM Week 39 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Cheniere Receives Green Light To In-
(NRG), in which the reader is invited to join troduce Feed Gas To Sabine Pass Train 6
our team of international editors, who provide a US LNG giant Cheniere Energy has been given
snapshot of some of the key issues affecting their the go-ahead by regulators to introduce feed
regional beats. We hope you will like NRG's new gas to Train 6 at its Sabine Pass export terminal
concise format, but by clicking on the headline in Louisiana.
link for each section the full text will be available The US Federal Energy Regulatory Com-
as before. mission (FERC) approved Cheniere’s Septem-
ber 15 request to introduce feed gas last week.
AfrOil: Eni Launches Cabaça North At The move will form part of the commissioning
Block 15/06 process for Train 6, which is being brought
Italy’s Eni has launched the Cabaça North online earlier than initially anticipated.
development project at Block 15/06 offshore
Angola. In a statement, the Italian major said LatAmOil: Ecuador Funds New Transmission
it had begun extracting crude oil from Cabaça System For Oil Sector
North, a field in the eastern section of its licence The government of Ecuador will make funds
area. The company is using subsea tie-backs to available to private companies for the con-
deliver these barrels to the Armada Olombendo, struction of $1.9bn worth of new energy
the floating production, storage and off-loading facilities, including a new transmission sys-
(FPSO) unit that serves as the eastern hub of tem for the oil sector. The funds will enable
development at Block 15/06. companies to build and operate new power
plants, Energy Minister Juan Carlos Bermeo
AsianOil: Beach To Sell LNG To BP said last week.
Australian independent Beach Energy has The government is seeking investors for sev-
agreed to sell its share of liquefied natural eral major projects, Bermeo said. Among these
gas (LNG) production from the Waitsia pro- are a new 400-MW natural gas-burning thermal
ject onshore Western Australia to super-ma- power plant (TPP) worth $600mn and a 290-
jor BP. km transmission line that will link oil industry
Beach said on September 27 that it had facilities to the national grid, he said. The new
signed a heads of agreement (HoA) to sell its TPP and cable are expected to begin operating
3.75mn tonnes of expected production from between 2024 and 2026, he added.
Waitsia’s second phase of the development from
the second half of 2023. However, the agree- MEOG: Drilling IPO And LTAs
ment’s terms include built-in flexibility around This week’s MEOG looks at the successful
the first shipment in order to allow for variables IPO of the region’s largest drilling com-
in the project’s construction and commissioning pany and contracts for work offshore Saudi
activities. Arabia.
Abu Dhabi National Oil Co. (ADNOC)
DMEA: Jazan Deal And Refining Fears completed the initial public offering (IPO)
In this week’s DMEA, we look at the finalisa- of its drilling unit this week in a sale that was
tion of a deal to finance a major Saudi power more than 30 times oversubscribed.
project and warnings about the future of The share sale is the largest yet for Abu
South African refining. Dhabi, which has in recent years carried out
Saudi Aramco, Air Products, ACWA an array of asset monetisation and IPO deals
Power and Air Products Qudra announced worth many billions of dollars, highlighting
this week that they had signed ‘definitive’ investor appetite for opportunities in the
agreements to acquire the assets and finance Middle East’s most stable countries.
their planned joint venture (JV) in Jazan
Economic City.. NorthAmOil: PennEast Pipeline Stops De-
velopment
EurOil: Groningen To Close As Planned PennEast Pipeline said this week that it
The Netherlands will end gas production at would stop developing its proposed pipeline
the giant quake-causing Groningen gas field from Pennsylvania to New Jersey. See the archive and
next year as planned, despite calls for it to The company said PennEast was being sign up to receive
boost flow amid the unprecedented supply scrapped because it had not yet received all *NRG Editor’s Picks*
crunch on the European gas market. of its required permits, including a water for free by email each
Output at Groningen is due to be slashed quality certification in New Jersey. All fur- week here
by more than 50% in the gas year beginning ther development on the project has been
October 1, 2021, to just 3.9bn cubic metres, ceased, PennEast added in an email that was
before ceasing regular production altogether. cited by Reuters.

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