Page 14 - AsianOil Week 41 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global contract for November gas delivery at the Dutch
(NRG), in which the reader is invited to join TFF platform briefly soared to almost $2,000 per
our team of international editors, who provide a 1,000 cubic metres in the early hours of trading,
snapshot of some of the key issues affecting their before sliding back down around $1,700.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: PNG government wants bigger stake
link for each section the full text will be available in PNG LNG
as before. THE government of Papua New Guinea (PNG)
has said that it would want to up its stake in the
AfrOil: ReconAfrica’s seismic survey draws PNG LNG project if the proposed takeover
fire from NGO of Oil Search by Santos goes ahead. Under the
TORONTO-LISTED Reconnaissance Africa proposed deal, Santos will acquire Oil Search’s
Energy, known as ReconAfrica, has come under interest in PNG LNG, making it the biggest sin-
fire from a local non-governmental organisation gle shareholder in the project, which is operated
called Frack Free Namibia (FFN). In a statement by ExxonMobil, with a 42.5% stake.
issued last week, FFN alleged that ReconAfrica’s
exploration activities had disrupted local com- LatAmOil: Indigenous protest halts ONP
munities in the Kavango basin. pipeline flows
A group of indigenous Peruvians took over the
DMEA: Ruwais cancellation and another facilities of Pump Station #5 along the Northern
IPO Oil Pipeline (ONP) last week, in an act that forced
THIS week’s DMEA covers the cancellation of the national oil company Petroperu, the owner
plans to build a major new refinery in Abu Dhabi of ONP, to halt crude shipments. In a statement,
and the next stage of Aramco’s asset monetisa- Petroperu said it had taken this step after residents
tion plan. State-owned Abu Dhabi National Oil of the northern Loreto region seized control of the
Co. (ADNOC) this week has said that it will pumping station on October 4.
no longer proceed with a major expansion of
its downstream hub at Ruwais, citing a lack of MEOG: New targets and rebranding
commercial attractiveness. Meanwhile, Saudi IN MEOG this week we look at Iraq’s efforts
Aramco is continuing its asset monetisation to conclude talks with international operators
strategy, with reports suggesting it is once again on increasing oil production and Qatar’s NOC
preparing to follow the lead of regional compet- rebrand. Iraq’s Ministry of Oil believes it is near-
itor ADNOC with the listing of a share in its fuel ing the conclusion of talks with IOCs develop-
arm. ing its major oilfields regarding efforts that will
increase the country’s oil production to 8mn
EurOil: Repsol raises 2030 clean energy barrels per day by 2027. Meanwhile, state-owned
target Qatar Petroleum (QP) this week announced that
SPANISH energy group Repsol has announced it is in the process of rebranding as QatarEnergy
it is increasing its 2030 target for renewable in a nod to a strategic shift to focus on more envi-
energy capacity by 60%, while also setting new ronmentally friendly operations.
targets to limit the emissions from its oil and gas
business. Repsol was the first major oil and gas NorthAmOil: Chevron to aim for net zero
producer to pledge to become a net-zero emis- by 2050
sions company by 2050. CHEVRON announced this week that it would
pursue net-zero greenhouse gas emissions
FSUOGM: European gas prices slide back by 2050. The company described the target
after Putin comments as an “aspiration”, and while it fell short of the
NATURAL gas prices in Europe took a dive more aggressive net-zero goals set by Euro-
on the afternoon of October 6, after Russian pean rivals such as Royal Dutch Shell and BP, it
President Vladimir Putin hinted that Gazprom marks the first such move by one of the two US
might release more supply onto the market. The super-majors.™

P14 www. NEWSBASE .com Week 41 14•October•2021