Page 17 - LatAmOil Week 24 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the most ambitious targets in the oil industry
(NRG), in which the reader is invited to join earlier this year, vowing to reduce the net carbon
our team of international editors, who provide a intensity of its products by 6-8% by 2023, 20% by
snapshot of some of the key issues affecting their 2030, 45% by 2035 and 100% by 2050, using its
regional beats. We hope you will like NRG’s new emissions in 2016 as a baseline.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Rosneft attracts more investors
as before. at Vostok Oil
Russian oil giant Rosneft has brought on board
AfrOil: McDermott, Sinopec on track to two more traders for its Vostok Oil megaproject
win $2bn Ugandan contract in the Russian Arctic, the state-owned producer
US-based McDermott International has joined announced on June 10. Rosneft sold a 10% stake
forces with Sinopec International Petroleum in the project, which comprises a cluster of large
Service Corp. (SIPSC) to provide support ser- oil and gas fields in the north of the Krasnoyarsk
vices at the Tilenga oilfield in Uganda. The part- region, to Trafigura in December.
ners have received a conditional letter of award
(LoA) from TotalEnergies (France), the operator GLNG: IOCs reportedly bid to participate in
of Tilenga, and hope to sign a contract once all Qatar’s LNG expansion
the shareholders in the project reach agreement. Six leading international oil companies (IOCs)
have reportedly submitted bids to participate
AsianOil: Australian government backs oil, in Qatar’s giant LNG expansion project. Citing
gas sector industry sources familiar with the matter, Reu-
Australian Prime Minister Scott Morrison has ters reported that the companies had submitted
pledged that the oil and gas sector will “always” bids for participation in the nearly $30bn expan-
be a pillar of the economy, even as domestic sion project on May 24.
investment in clean energy alternatives grows.
“The oil and gas sector is a major contributor to MEOG: Aramco deal and TAQA interest
Australia’s prosperity – always has, will always Saudi Aramco last week raised $6bn via its first
be,” Morrison said on June 15. dollar-denominated sukuk in three tranches,
attracting orders with a combined value of more
DMEA: Iraq refining plans and Gwadar than $60bn as it surpassed the reported sukuk
cancellation target of $5bn. Elsewhere, state-owned China
Iraq’s Ministry of Oil announced the partial Southern Power Grid Co. (CSG) is reported to
rehabilitation of the Salah al-Din refinery and be in discussions with banks as it seeks to acquire
completion of projects to increase fuel out- a 10% stake in UAE utility Abu Dhabi National
put. Meanwhile, Saudi Arabia has said it will no Energy Co. (TAQA).
longer build an oil refinery at Pakistan’s deep-
water port of Gwadar in Balochistan Province, NorthAmOil: Shell reportedly weighing
shifting the facility to Karachi alongside a new Permian sale
petrochemical complex. Royal Dutch Shell is reportedly weighing a sale
of some or all of its assets in the US’ Permian
EurOil: Shell reacts to Dutch ruling Basin. Citing sources familiar with the matter,
Royal Dutch Shell will fast-track its energy Reuters reported on June 13 that the super-ma-
transition strategy, CEO Ben van Beurden jor was reviewing its holdings in the basin, which
announced on June 10, after a bombshell ruling accounted for roughly 6% of its total oil and gas
by a Dutch court last month. Shell set some of output last year. ™

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Week 24 17•June•2021 www. NEWSBASE .com P17