Page 14 - NorthAmOil Week 48 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Gazprom to use gas crisis wind-
(NRG), in which the reader is invited to join fall to boost capex
our team of international editors, who provide a Capital spending levels at Russia’s Gazprom are
snapshot of some of the key issues affecting their once again creeping upwards, as the company
regional beats. We hope you will like NRG’s new prepares to ramp up gas supplies to China and
concise format, but by clicking on the headline link expand development in the Russian Arctic.
for each section the full text will be available as Gazprom has earned handsome profits during
before. the European gas crisis this year and intends to
plough some of that windfall cash back into new
AfrOil: Kenya dismisses rumours on LAPS- infrastructure.
SET land acquisition
Kenya’s government is seeking to deny reports GLNG: McDermott reports completion of
that it has already begun the process of land net-zero LNG construction study for Shell
acquisition in Turkana County for the Lokich- McDermott International said this week that it had
ar-Lamu Crude Oil Pipeline (LLCOP) project, a recently completed a study for Shell Global Solu-
component of the Lamu Port-South Sudan Ethi- tions International, aimed at reducing greenhouse
opia Transport Corridor (LAPSSET) initiative. gas emissions during the construction of LNG
James Long’ole, the National Land Commission projects. The study identifies “tangible reduction
(NLC) co-ordinator for Turkana, took note last pathways” with an ultimate aim of net-zero emis-
week of rumours that government officials had sions during the construction phase of LNG pro-
already identified 516 landowners who would be jects, McDermott stated.
affected by LLCOP.
LatAmOil: Eco hopes for light oil find at
AsianOil: Australia releases 20-year gas Orinduik
sector strategy UK-based Eco (Atlantic) Oil & Gas has
The Australian government released its first full expressed optimism about the prospects for
National Gas Infrastructure Plan (NGIP), along- a major discovery at the Orinduik block off-
side the Future Gas Infrastructure Investment shore Guyana, noting that the eastern section
Framework, late last week. The government said of the licence area is very close to several fields
on November 26 that the plan and the frame- within the neighbouring Stabroek block. Eco, a
work were part of Prime Minister Scott Mor- minority shareholder in the Orinduik consor-
ison’s “gas-led recovery” strategy and that they tium, said last week that it was working with
would secure national gas supplies over the next its partners to update the inventory of drilling
20 years. targets and to choose exploration drilling sites.

DMEA: Aramco denies deal is dead MEOG: Major field development plans
Saudi Aramco’s president and CEO this week In this week’s MEOG we look at plans for the
rejected that talks for a major downstream development of two of the region’s biggest oil
tie-up between the company and India’s Reli- and gas fields – Rumaila and South Pars. Iraqi
ance Industries Ltd (RIL) had been scrapped. officials last week attended a ceremony to inau-
Speaking to Arab News, Amin Nasser said gurate the new Basra Energy Company (BEC)
that the talks had been paused while Reliance joint venture between BP and PetroChina, which
carries out a restructuring process, adding has taken over as the main contractor for the
that they would “continue to discuss further development of the super-giant Rumaila oilfield.
with them in the future after they finish the Meanwhile, Iran’s state-owned Pars Oil and Gas
restructuring”. Co. (POGC) said this week that it has started a
new drilling campaign as it seeks to add reserves
EurOil: Neptune owners reportedly mull at the supergiant offshore South Pars gas field.
sale
The owners of leading North Sea player Neptune NorthAmOil: Canadian regulator rejects
Energy are considering a sale of the business, Enbridge’s Mainline contracting plan
sources told Bloomberg on November 14, with The Canada Energy Regulator (CER) has rejected
the hope of raising as much as $5bn. Sources said pipeline operator Enbridge’s proposal to change
that advisors to the company’s private equity how it allocates capacity on its Mainline system.
backers, Carlyle Group and CVC Capital Part- Under the plan, 90% of the capacity would have
ners, had requested takeover bids from inter- been sold under long-term contracts rather than
ested parties next month. Deliberations continue allocated on a monthly basis as before.
and Neptune’s owners could still decide against
a divestment. See the archive and sign up to receive NRG Editor’s
Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 48 02•December•2021