Page 15 - LatAmOil Week 46 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Portugal said that including nuclear power in
(NRG), in which the reader is invited to join the proposed EU taxonomy would permanently
our team of international editors, who provide a damage the regulation’s “integrity, credibility and
snapshot of some of the key issues affecting their therefore its usefulness.”
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Sechin warns of “super cycle”
link for each section the full text will be available Russia’s state-owned Rosneft has followed other
as before. oil and gas majors in reporting a surge in profits
in the third quarter on the back of higher prices,
AfrOil: Shell, Equinor resume talks on with its CEO Igor Sechin predicting a “super
Tanzania LNG project cycle” in energy markets would drive prices
Tanzania’s Energy Minister January Makamba higher as demand recovers. Rosneft’s EBITDA
has confirmed that his country’s government is came in at $8.7bn (RUB638bn) in the three-
in talks with several international oil companies month period, up 13% quarter on quarter, while
on the Tanzania LNG project. Makamba made net income rose by 38.7% to $4.3bn.
his announcement in a pair of Twitter posts
dated November 8 and said he expected this GLNG: Details of Cheniere’s LNG supply
large-scale initiative to benefit the country. deal with France’s Engie disclosed
Cheniere Energy (US) has struck a deal to supply
AsianOil: Petronas signs CCUS deals LNG to France’s Engie earlier this year, accord-
Malaysia’s Petronas has signed a number of ing to a letter to the US Department of Energy
agreements this month that focus on develop- whose details have been made public. The deal
ing carbon capture, utilisation and storage tech- is notable because last year Engie pulled out of
nology. It also said on November 16 that it had talks over a potential supply deal with another
signed a memorandum of understanding (MoU) US firm, NextDecade, after reportedly coming
with Baker Hughes to collaborate on “technolog- under pressure from the French government not
ical developments supporting energy transition.” to buy LNG produced from shale gas.

DMEA: Borouge expansion announced MEOG: Eridu plans, Kuwait’s transition
Abu Dhabi National Oil Co. (ADNOC) has Iraq’s Ministry of Oil has received a develop-
signed a $6.2bn investment agreement with ment plan for the Eridu oilfield from Russia’s
Austria-based Borealis for the Borouge joint Lukoil, envisaging peak production of 250,000
venture’s fourth facility in the UAE’s Ruwais barrels per day. Meanwhile, Kuwaiti Oil Minis-
downstream hub. Meanwhile, Israeli Energy ter Mohammed Al Fares has reiterated his inten-
Minister Karine Elharrar has called for the can- tions of ramping up oil production.
cellation of a deal to develop a means of piping
Emirati crude oil from the Red Sea directly to the NorthAmOil: Biden administration denies
Mediterranean. considering Line 5 shutdown
Freeport LNG Development has executed a let-
EurOil: Germany hits back against nuclear ter of intent with Talos Energy to jointly develop
Disagreements over which fuels the EU should a carbon capture and storage facility to serve the
recognise as sustainable are heating up, with Freeport liquefaction terminal on the Texas Gulf
Germany and four other member states warn- Coast. The announcement about the FLNG CCS
ing against the inclusion of nuclear energy. In a project came a day after Global Infrastructure
joint statement, the environment ministers of Partners said that it was selling its 25.7% stake in
Germany, Denmark, Luxembourg, Austria and Freeport to Japan’s JERA for $2.5bn. ™

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Week 46 18•November•2021 www. NEWSBASE .com P15