Page 15 - AsianOil Week 42 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global will start pumping commercial volumes of gas
(NRG), in which the reader is invited to join to Europe, as first it must be certified by German
our team of international editors, who provide a regulators.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: China reportedly seeks more US LNG
concise format, but by clicking on the headline SEVERAL Chinese energy firms are reported
link for each section the full text will be available to be in talks to secure new long-term supplies
as before. of LNG from the US as rising gas prices and
domestic power shortages cause concerns about
AfrOil: Kampala seeks to ease UNOC’s ac- gas supplies. Citing several sources familiar with
cess to oil revenues the matter, Reuters reported last week that the
UGANDA’S government has drawn up legisla- “advanced” talks involved at least five Chinese
tion that would allow the national oil company companies, including state-owned Sinopec and
to access the proceeds from its share of future China National Offshore Oil Corp. (CNOOC),
crude production. According to The Independ- as well as local government-backed energy dis-
ent, the government has included provisions to tributor Zhejiang Energy.
this effect in the Public Finance Management
(Amendment) Bill 2021, which was submitted LatAmOil: TotalEnergies will not flare gas
to Parliament on October 15. from Block 58
PATRICK Pouyanné, the CEO of France’s
DMEA: Challenges and progress TotalEnergies, has said that his company will not
THIS week’s DMEA covers the outbreak of a fire flare any of the associated gas contained within
at Kuwait’s second-largest refinery and a contract its oilfields offshore Suriname. Speaking dur-
award for a new refining unit in Egypt. Down- ing the Energy Intelligence Forum earlier this
stream-focused Kuwait National Petroleum month, Pouyanné noted that the oil-rich sec-
Co. (KNPC) reported an explosion and fire at tions of Block 58, which TotalEnergies is devel-
the country’s Mina Al-Ahmadi refinery which oping in co-operation with US-based Apache,
injured several workers but did not affect opera- contained significant volumes of associated gas.
tions. Meanwhile, Egypt’s Ministry of Petroleum
and Mineral Resources announced that the MEOG: Sakarya award and Farzad-B query
Assiut National Oil Processing Co. (ANOPC) IN this week’s MEOG, we look at the award to
has signed a memorandum of understanding Schlumberger and Subsea 7 of a major contract
with two local firms for the development of a offshore Turkey and Indian interest in work
new atmospheric distillation unit. doled out to an Iranian firm. US oilfield services
specialist Schlumberger this week announced
EurOil: EU takes aim at Russia’s Arctic oil that it had been awarded a contract as part of a
and gas wealth consortium by Turkish Petroleum (TPAO) for
THE EU has proposed a new Arctic strategy work on the offshore Sakarya gas field. Mean-
which, if implemented, would prevent member while, India’s ONGC Videsh Ltd (OVL) has
states from acquiring oil and gas from the Rus- asked the Iranian government to clarify the
sian Arctic. While Moscow has downplayed the terms of the contract it awarded to local firm
impact of this move, it could undermine efforts Petropars to develop the offshore Farzad-B gas
to exploit trillions of dollars of oil and gas in Rus- field in May.
sia’s far north, putting it on a political collision
course with Brussels. NorthAmOil: Halliburton narrowly beats
third-quarter earnings estimates
FSUOGM: Nord Stream 2 declared ready OILFIELD services giant Halliburton has beaten
for flow analyst estimates with its third-quarter results,
RUSSIA has finished filling the first string of the which were announced this week. The com-
Nord Stream 2 with natural gas, meaning that pany posted net income of $236mn, or $0.26
the pipeline is now technically ready to operate. per share, for the quarter, up from a net loss of
But there is still no clarity on when the pipeline $17mn in the same quarter a year ago. ™

Week 42 21•October•2021 www. NEWSBASE .com P15