Page 17 - DMEA Week 35 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global monopoly over these supplies, Kommersant
(NRG), in which the reader is invited to join reported on August 27.
our team of international editors, who provide a Rosneft, though mainly focused on oil, has
snapshot of some of the key issues affecting their been working for years to build up its natural gas
regional beats. business, to provide a hedge against oil market
We hope you enjoy NRG’s new concise for- volatility.
mat, but by clicking on the headline link for each
section the full text will be available as before. GLNG: Indonesia approves plans
Indonesian regulator SKK Migas has approved
AfrOil: AfDB optimistic about Moz LNG the development plan for an expansion and a
Akinwumi Adesina, the president of the African carbon capture, utilisation and storage (CCUS)
Development Bank (AfDB), has said he believes project at BP’s Tangguh LNG export complex in
that TotalEnergies (France) will be able to Papua Barat.
resume work on the Mozambique LNG in about The plan involves the development of the
12-18 months. Ubadari natural gas field, as well as output being
Adesina indicated last week that he expected raised at the Vorwata gas field thanks to the use
security conditions in Cabo Delgado, Mozam- of CCUS.
bique’s northernmost province, to improve fol-
lowing the deployment of troops from Rwanda LatAmOil: Narrowing Brazil’s bid round
and from member states of the Southern African Brazil’s national oil company Petrobras has
Development Community (SADC). been asked by a group of shareholders to elim-
inate more auctions scheduled to take place on
AsianOil: Pertamina set for Gajah Besar October 7.
Indonesia’s state-owned Pertamina has secured The group in question is Anapetro, an associ-
regulatory approval for its plan of development ation formed by Petrobras employees who own
for the Gajah Besar natural gas and condensate stock in the NOC. In a public letter, the associ-
field onshore South Sumatra. ation urged Petrobras to reduce the number of
SKK Migas planning deputy Benny Lubian- offshore blocks in the 17th Bidding Round from
tara said in an August 29 statement that Pertam- 92 to 78.
ina EP intended to invest $15.5mn in drilling
three development wells, reworking another MEOG: Iraq back on track
well and constructing pipeline from producing Russia’s Lukoil last week announced that it
wells to the Paku Gajah compression system. intends to increase oil production at the West
Qurna-2 project in southern Iraq, providing sta-
EurOil: Wood warns against end of oil bility for Baghdad as it seeks to increase output
UK oil tycoon Ian Wood has warned that it by 3mn barrels per day by 2027.
would be “absolutely crazy” for the UK to call Meanwhile, the OPEC+ group is unlikely to
time on oil exploration, adding that such as a make any changes to its oil output policy when
policy would be “detrimental, environmentally.” members meet this week, according to numer-
The UK government faces calls to adopt a ous delegates.
tougher stance towards continued oil and gas
extraction, with the head of Labour opposition NorthAmOil: Hurricane disruption
party Sir Keir Starmer recently urging a “hard- Production in the US Gulf of Mexico and coastal
edged timetable” to be set for ceasing production. downstream operations alike were severely dis-
rupted by Hurricane Ida this week, which made
FSUOGM: Nord Stream 2 delivery plans landfall in Louisiana as a Category 4 hurricane
Russia’s most influential oilman Igor Sechin, on August 29. According to the US Bureau of
head of state oil group Rosneft, is once again Safety and Environmental Enforcement (BSEE),
pushing the government to allow the company 94.6% of Gulf oil production and 93.6% of gas
to export gas by pipeline, in spite of Gazprom’s output had been shut in as of August 30.™

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Week 35 02•September•2021 www. NEWSBASE .com P17