Page 15 - NorthAmOil Week 39 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global gas producer Novatek, Florida businessman
(NRG), in which the reader is invited to join Mark Gyetvay, has been arrested in the US on
our team of international editors, who provide a tax charges relating to $93mn that was hidden
snapshot of some of the key issues affecting their in offshore accounts. Gyetvay played a key role
regional beats. We hope you will like NRG’s new in arranging financing for Novatek’s ambitious
concise format, but by clicking on the headline link $27bn Yamal LNG export project in the Rus-
for each section the full text will be available as sian Arctic, which came online in December
before. 2017.

AfrOil: Eni launches Cabaça North at Block GLNG: Cheniere receives green light to in-
15/06 troduce feed gas to Sabine Pass Train 6
Italy’s Eni has launched the Cabaça North devel- US LNG giant Cheniere Energy has been given
opment project at Block 15/06 offshore Angola. the go-ahead by regulators to introduce feed gas
In a statement, the Italian major said it had to Train 6 at its Sabine Pass export terminal in
begun extracting crude oil from Cabaça North, Louisiana. The US Federal Energy Regulatory
a field in the eastern section of its licence area. Commission approved Cheniere’s September
15 request to introduce feed gas last week.
AsianOil: Beach to sell LNG to BP
Australian independent Beach Energy has LatAmOil: Ecuador funds new transmis-
agreed to sell its share of liquefied natural gas sion system for oil sector
production from the Waitsia project onshore The government of Ecuador will make funds
Western Australia to super-major BP. Beach said available to private companies for the construc-
on September 27 that it had signed a heads of tion of $1.9bn worth of new energy facilities,
agreement to sell its 3.75mn tonnes of expected including a new transmission system for the oil
production from Waitsia’s second phase of the sector. The funds will enable companies to build
development from the second half of 2023. and operate new power plants, Energy Minister
Juan Carlos Bermeo said last week.
DMEA: Jazan deal and refining fears
In this week’s DMEA, we look at the finalisation MEOG: Drilling IPO and LTAs
of a deal to finance a major Saudi power project This week’s MEOG looks at the successful IPO
and warnings about the future of South African of the region’s largest drilling company and
refining. Saudi Aramco, Air Products, ACWA contracts for work offshore Saudi Arabia. Abu
Power and Air Products Qudra announced this Dhabi National Oil Co. completed the initial
week that they had signed ‘definitive’ agreements public offering of its drilling unit this week in a
to acquire the assets and finance their planned sale that was more than 30 times oversubscribed.
joint venture in Jazan Economic City. Meanwhile, US-based engineering firm McDer-
mott is understood to be leading the race among
EurOil: Groningen to close as planned prequalified bidders for several offshore oilfield
The Netherlands will end gas production at the services contracts from Saudi Aramco.
giant quake-causing Groningen gas field next
year as planned, despite calls for it to boost flow NorthAmOil: PennEast Pipeline stops de-
amid the unprecedented supply crunch on the velopment
European gas market. Output at Groningen is PennEast Pipeline said this week that it would
due to be slashed by more than 50% in the gas stop developing its proposed pipeline from
year beginning October 1, 2021, to just 3.9bn Pennsylvania to New Jersey. The company said
cubic metres, before ceasing regular production PennEast was being scrapped because it had not
altogether. yet received all of its required permits, including
a water quality certification in New Jersey.
FSUOGM: Novatek deputy chairman faces
US tax charges See the archive and sign up to receive NRG Editor’s
The deputy chairman of Russia’s second-largest Picks for free by email each week here.™

Week 39 30•September•2021 www. NEWSBASE .com P15