Page 18 - AfrOil Week 43 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global risks, even as it generates record gas revenues on
(NRG), in which the reader is invited to join the back of a surge in prices over recent months.
our team of international editors, who provide a The deputy chairman of Gazprom’s management
snapshot of some of the key issues affecting their committee, Famil Sadygov, said the fund would
regional beats. We hope you will like NRG’s new provide “necessary budget strength and resist-
concise format, but by clicking on the headline ance to volatility in the external environment.”
link for each section the full text will be available
as before. GLNG: Venture Global seeks permission to
begin Calcasieu Pass commissioning
AsianOil: Australia unveils net zero plan Venture Global LNG has asked US regulators for
Australia has not only laid out its plan to achieve permission to begin commissioning liquefaction
carbon neutrality by 2050 but has also thrown systems at its Calcasieu Pass LNG export termi-
its support behind the country’s coal and natural nal in Louisiana. The company told the US Fed-
gas producers and exporters. Australian Prime eral Energy Regulatory Commission (FERC) in
Minister Scott Morrison unveiled the govern- a filing last week that it was seeking authorisation
ment’s Long-Term Emissions Reduction Plan to proceed, since the environmental conditions
(LTERP) on October 26, describing it as a “cred- required to take this step had been met.
ible pathway” to net zero by 2050.
LatAmOil: Tula refinery back online
DMEA: Fuels in focus Mexico’s second-largest oil refinery has report-
Iraq’s federal government has started sending edly resumed regular commercial operations
tankers filled with gasoline to the Kurdistan after being shut down for several weeks because
Regional Government (KRG) in Erbil to ease of protests that blocked railway and road trans-
a fuel supply crisis in the semi-autonomous port routes. A source inside Pemex, Mexico’s
region. Meanwhile, Saudi Aramco and France’s national oil company, told Reuters last week that
Total Energies have launched two new fuel ser- the 315,000 barrel per day Tula plant, located in
vice stations in Saudi Arabia under a joint ven- Hidalgo State, was operational once again.
ture agreement signed in 2019.
MEOG: Iranian yields and Saudi emissions
EurOil: EU lawmakers back binding meth- National Iranian Oil Co. (NIOC) this week reit-
ane targets erated its focus on expanding production from
EU lawmakers have backed imposing binding the West Karoun oilfield cluster, targeting $11bn
targets for cutting methane emissions across of budget allocation to add 1mn barrels per day
multiple sectors, the European Parliament (bpd) of new output. Meanwhile, Saudi Arabia
announced on October 21. In a resolution on has pledged to cut net carbon emissions to zero
the EU’s strategy for cutting methane emissions, by 2060, and Saudi Aramco is also setting ambi-
MEPs voted 563 to 122 in favour of introducing tious targets for emissions.
binding measures and targets on methane abate-
ment in order to significantly reduce emissions NorthAmOil: QatarEnergy, ExxonMobil
by 2030, in line with Paris goals. partner to explore offshore Eastern Canada
QatarEnergy (formerly Qatar Petroleum) has
FSU OGM: Gazprom to build up $10.2bn signed an agreement with ExxonMobil to farm
risk fund into an exploration licence offshore Newfound-
Russia’s Gazprom said on October 19 that it land and Labrador in Eastern Canada. Explora-
would build a reserve fund worth RUB726bn tion Licence 1165A is located in the Flemish Pass
($10.2bn) by the end of 2021 to manage potential Basin, around 450 km east of St John’s. ™

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P18 www. NEWSBASE .com Week 43 27•October•2021