Page 16 - EurOil Week 41 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global early hours of trading, before sliding back
(NRG), in which the reader is invited to join down around $1,700. But it dipped to under
our team of international editors, who provide a $1,400 per 1,000 cubic metres after the Krem-
snapshot of some of the key issues affecting their lin released a statement by Putin addressing
regional beats. We hope you will like NRG's new his government ministers.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: PNG Government Wants Bigger
as before. Stake In PNG LNG
The government of Papua New Guinea (PNG)
AfrOil: ReconAfrica’s Seismic Survey has said that it would want to up its stake in the
Draws Fire From NGO PNG LNG project if the proposed takeover of
Toronto-listed Reconnaissance Africa Oil Search by Santos goes ahead.
Energy, known as ReconAfrica, has come Under the proposed deal, Santos will
under fire from a local non-governmen- acquire Oil Search's interest in PNG LNG,
tal organisation (NGO) called Frack Free making it the biggest single shareholder in
Namibia (FFN). the project, which is operated by ExxonMobil,
In a statement issued last week, FFN alleged with a 42.5% stake. Santos had said it would
that ReconAfrica’s exploration activities had seek to sell down part of the stake in an effort
disrupted local communities in the Kavango to help align partner holdings in the project.
basin. Specifically, it charged that the thumper
trucks that ReconAfrica was using to collect 2D LatAmOil: Indigenous Protest Halts ONP
seismic data from its licence area had damaged Pipeline Flows
residential facilities in the area. A group of indigenous Peruvians took over
the facilities of Pump Station #5 along the
AsianOil: ENN Seals Long-Term LNG Sup- Northern Oil Pipeline (ONP) last week, in
ply Deal With Cheniere an act that forced the national oil company
Chinese utility ENN Natural Gas has (NOC) Petroperu, the owner of ONP, to halt
signed a new long-term liquefied natural crude shipments.
gas (LNG) supply agreement with the US’ In a statement, Petroperu said it had
Cheniere Energy. taken this step after residents of the northern
The Chinese company said on Octo- Loreto region seized control of the pumping
ber 11 that Cheniere had agreed to supply station on October 4. It reported that about
900,000 tonnes per year (tpy) of the fuel for 200 people had participated in the protest
13 years from July 2022 on a free-on-board and complained that the demonstrators
(FOB) basis. Cheniere said the purchase had been “irresponsibly installing tents and
price was indexed to the Henry Hub price other items without taking security condi-
and included a fixed liquefaction fee. tions into account.”

DMEA: Ruwais Cancellation And Another MEOG: New Targets And Rebranding
IPO In MEOG this week we look at Iraq’s efforts
This week’s DMEA covers the cancellation of to conclude talks with international opera-
plans to build a major new refinery in Abu tors on increasing oil production and Qatar’s
Dhabi and the next stage of Aramco’s asset NOC rebrand.
monetisation plan. Iraq’s Ministry of Oil (MoO) believes it
State-owned Abu Dhabi National Oil Co. is nearing the conclusion of talks with IOCs
(ADNOC) this week has said that it will no developing its major oilfields regarding
longer proceed with a major expansion of its efforts that will increase the country’s oil
downstream hub at Ruwais, citing a lack of production to 8mn barrels per day (bpd) by
commercial attractiveness. 2027.

FSUOGM: European Gas Prices Slide Back NorthAmOil: Chevron To Aim For Net Zero
After Putin Comments By 2050
Natural gas prices in Europe took a dive on Chevron announced this week that it would
the afternoon of October 6, after Russian pursue net-zero greenhouse gas (GHG)
President Vladimir Putin hinted that Gaz- emissions by 2050. The company described See the archive and
prom might release more supply onto the the target as an “aspiration”, and while it fell sign up to receive
market. short of the more aggressive net-zero goals *NRG Editor’s Picks*
The contract for November gas delivery set by European rivals such as Royal Dutch for free by email each
at the Dutch TFF platform briefly soared to Shell and BP, it marks the first such move by week here
almost $2,000 per 1,000 cubic metres in the one of the two US super-majors.

P16 www. NEWSBASE .com Week 41 14•October•2021