Page 16 - MEOG Week 45 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global refinery in Wesseling in Germany as part of its
(NRG), in which the reader is invited to join shift to lower-carbon energy.
our team of international editors, who provide a Oil processing at the site will cease in 2025,
snapshot of some of the key issues affecting their and from then on it will produce low or zero-car-
regional beats. bon products instead, Shell said.
We hope you enjoy NRG’s new concise for-
mat, but by clicking on the headline link for each FSUOGM: Gazprom fills European storage
section the full text will be available as before. Natural gas prices fell on November 9 after Rus-
sia’s Gazprom announced it had begun filling up
AfrOil: ExxonMobil’s hopes for Rovuma its gas storage facilities in Europe, which should
ExxonMobil (US) is working to reduce the car- help ease the continent’s supply crunch.
bon footprint of its Rovuma LNG project while “Gazprom approved and began implemen-
also cutting costs, Mozambique’s Energy Minis- tation of the plan for pumping gas into five
ter Max Tonela has said. European underground storage facilities in
Speaking at a press conference in Maputo on November,” the company reported via its social
November 4, Tonela stated that representatives media channels.
of the US-based super-major had outlined plans
for Rovuma LNG in a meeting with Mozam- GLNG: ARC strikes LNG Canada deal
bican President Filipe Nyusi. ARC Resources said last week that it had struck
a deal to supply natural gas to a member of the
AsianOil: POSCO wins over Senex board LNG Canada consortium, which is building an
South Korea’s POSCO International has submit- LNG export terminal on the British Columbia
ted a new bid for Senex Energy that has finally coast.
won the backing of the Australian developer’s The agreement is set to take effect when LNG
board. Canada enters service – expected in 2025 – and
Senex said on November 8 that it had received will see ARC supply 150mn cubic feet (4.2mn
a further improved non-binding proposal from cubic metres) per day of gas over the long term
POSCO to acquire 100% of the Australian firm to be used as feedstock for the terminal.
for an all-cash offer of AUD4.60 ($3.42) per
share. LatAmOil: Vaca Muerta pipe funding
Argentina expects to use the proceeds of elec-
DMEA: Fertiglobe results and Wa’ed loan tricity exports to Brazil to finance two major
In this week’s DMEA, we look at Fertiglobe’s Q3 infrastructure projects that will facilitate the
results improvement and Saudi Aramco’s back- development of the Vaca Muerta shale for-
ing for an industrial chemicals specialist. mation. News of these plans emerged after the
The Fertiglobe joint venture between Energy Secretariat adopted a new ruling govern-
Dutch chemicals manufacturer OCI and Abu ing the use of export revenues.
Dhabi National Oil Co. (ADNOC) this week
announced a 2,000% increase in Q3 net profit. NorthAmOil: Biden denies pipe closure talk
Meanwhile, Saudi-based Amad Chemicals The administration of US President Joe Biden
Co. this week received a $1.3mn loan from Ara- has denied reports that it was considering shut-
mco’s investment arm Wa’ed to finance the com- ting down Enbridge’s Line 5 pipeline, which
pany’s expansion in the Kingdom. is at the centre of a dispute with the State of
Michigan.
EurOil: Shell calls time on German refining Reports had emerged that the Biden admin-
Royal Dutch Shell announced on November istration was quietly studying the impact of shut-
4 it was ending oil processing at its Rheinland ting down Line 5.™

See the archive and sign up to
receive *NRG Editor’s Picks* for
free by email each week here

P16 www. NEWSBASE .com Week 45 10•November•2021