Page 14 - NorthAmOil Week 49 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global with Chinese companies to look at the potential
(NRG), in which the reader is invited to join for powering its giant Vostok Oil project in the
our team of international editors, who provide a Russian Arctic with wind energy. Rosneft and
snapshot of some of the key issues affecting their other Russian oil and gas majors have followed
regional beats. We hope you will like NRG’s new their international counterparts in taking steps
concise format, but by clicking on the headline link to reduce emissions from their activities, as ESG
for each section the full text will be available as concerns move higher up in the priority lists of
before. investors.

AfrOil: AGS will soon launch 3D seismic GLNG: Prelude FLNG operations suspend-
study of Ruvuma ed following fire
Africa Geophysical Services (AGS) of Oman is Royal Dutch Shell suspended operations at its Prel-
reportedly on track to launch the first phase of ude floating LNG facility offshore Western Aus-
a 3D seismic survey programme at the Ruvuma tralia after a fire broke out on the vessel last week.
block in southern Tanzania in mid-December. In Media cited company spokespersons as saying that
a statement, UK-based Aminex, a non-operat- smoke in an electrical utility area had triggered the
ing partner in the joint venture set up to develop automatic fire detection and management system
the block, said that AGS had begun preparatory at the facility on December 2, allowing the fire to
work at the licence area on November 15. be contained.

AsianOil: Santos-Oil Search merger clears LatAmOil: Guyana says GTP project is at-
final hurdles tracting strong interest
The proposed merger between Santos and Oil The Guyanese government’s request for expres-
Search has become effective after receiving sions of interest in a $900mn gas-to-power
approval from Papua New Guinea’s (PNG) Secu- project is attracting strong interest, according
rities Commission and National Court of Justice. to Natural Resources Minister Vickram Bhar-
In the same week, over 95% of Oil Search share- rat. In an interview with OilNOW.gy, Bharrat
holders voted in favour of the merger, despite said the EoI had drawn responses from more
opposition from some long-standing investors than 30 potential investors since July.
in the company.
MEOG: Field work in Iraq and Saudi
DMEA: Borouge contracts awarded This week, MEOG covers the award of con-
This week, DMEA covers a raft of major con- tracts for drilling and field development work at
tract awards for the expansion of the Borouge OPEC’s two biggest producers. The state-owned
polyolefins plant in Abu Dhabi. Abu Dhabi Iraqi Drilling Co. (IDC) signed a contract with
National Oil Co. (ADNOC) and Austria’s US services specialist Weatherford to collabo-
Borealis this week awarded contracts for the rate on drilling and reclamation serves and to
development of their Abu Dhabi Polymers Co. install new systems as Baghdad pushes ahead
(Borouge) joint venture’s fourth facility in the with plans to increase oil production capacity.
UAE’s Ruwais downstream hub. Meanwhile, Saudi Aramco awarded a contract
to UK-based Wood plc and extended another
EurOil: Cambo up in the air with Australia’s Worley for support services
Royal Dutch Shell has withdrawn from the large as the Saudi firm seeks to expand production
Cambo oil development in UK waters west of capacity.
the Shetland Islands, in what environmentalists
are welcoming as a death blow for the project, NorthAmOil: ExxonMobil unveils net-zero
which has faced unprecedented scrutiny over target for Permian Basin
its climate impact. Cambo is one of the largest Super-major ExxonMobil has announced that
untapped fields remaining on the UK Conti- it will target net-zero greenhouse gas emissions
nental Shelf, and Siccar Point hopes to recover from its operated assets in the US’ Permian Basin
as much as 175mn barrels of oil and some by 2030. The announcement comes days after the
1.5bn cubic metres of gas from its first stage of company unveiled tougher emissions targets as
development. part of an update on its medium-term corporate
plans.
FSUOGM: Rosneft looks at wind solution
for Vostok Oil See the archive and sign up to receive NRG Editor’s
Russian state oil giant Rosneft has teamed up Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 49 09•December•2021