Page 21 - DMEA Week 39 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Gyetvay played a key role in arranging financ-
(NRG), in which the reader is invited to join ing for Novatek’s ambitious $27bn Yamal LNG
our team of international editors, who provide a export project in the Russian Arctic, which came
snapshot of some of the key issues affecting their online in December 2017.
regional beats.
We hope you enjoy NRG’s new concise for- GLNG: Cheniere gets OK for Sabine Pass 6
mat, but by clicking on the headline link for each US LNG giant Cheniere Energy has been given
section the full text will be available as before. the go-ahead by regulators to introduce feed gas
to Train 6 at its Sabine Pass export terminal in
AfrOil: Eni launches Cabaça North Louisiana.
Italy’s Eni has launched the Cabaça North devel- The US Federal Energy Regulatory Commis-
opment project at Block 15/06 offshore Angola. sion approved Cheniere’s September 15 request
In a statement, the Italian major said it had to introduce feed gas last week.
begun extracting crude oil from Cabaça North,
a field in the eastern section of its licence area. LatAmOil: Ecuador to fund transmission
The government of Ecuador will make funds
AsianOil: Beach to sell LNG to BP available to private companies for the construc-
Australian independent Beach Energy has tion of $1.9bn worth of new energy facilities,
agreed to sell its share of liquefied natural gas including a new transmission system for the oil
production from the Waitsia project onshore sector.
Western Australia to super-major BP. The funds will enable companies to build and
Beach said on September 27 that it had operate new power plants, Energy Minister Juan
signed a heads of agreement to sell its 3.75mn Carlos Bermeo said last week.
tonnes of expected production from Waitsia’s
second phase of the development from the sec- MEOG: Drilling IPO and LTAs
ond half of 2023. This week’s MEOG looks at the successful IPO
of the region’s largest drilling company and con-
EurOil: Groningen to close as planned tracts for work offshore Saudi Arabia. Abu Dhabi
The Netherlands will end gas production at the National Oil Co. completed the initial public
giant quake-causing Groningen gas field next offering of its drilling unit this week in a sale that
year as planned, despite calls for it to boost flow was more than 30 times oversubscribed.
amid the unprecedented supply crunch on the Meanwhile, US-based engineering firm
European gas market. McDermott is understood to be leading the race
Output at Groningen is due to be slashed by among prequalified bidders for several offshore
more than 50% in the gas year beginning Octo- oilfield services contracts from Saudi Aramco.
ber 1, 2021, to just 3.9bn cubic metres, before
ceasing regular production altogether. NorthAmOil: PennEast stops pipe work
PennEast Pipeline said this week that it would
FSUOGM: Novatek exec faces charges stop developing its proposed pipeline from
The deputy chairman of Russia’s second-largest Pennsylvania to New Jersey.
gas producer Novatek, Florida businessman The company said PennEast was being
Mark Gyetvay, has been arrested in the US on scrapped because it had not yet received all of
tax charges relating to $93mn that was hidden its required permits, including a water quality
in offshore accounts. certification in New Jersey.™

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