Page 13 - FSUOGM Week 50 2021

FSUOGM NEWSBASE’S ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global GLNG: Excelerate Begins Deliveries To Ba-
(NRG), in which the reader is invited to join hia LNG
our team of international editors, who provide Excelerate Energy announced on December 8
a snapshot of some of the key issues affecting that it had begun receiving gas deliveries at Brazil’s
their regional beats. We hope you will like Bahia LNG import terminal in Salvador, Bahia
NRG’s new concise format, but by clicking on State.
the headline link for each section the full text The company took control of the Bahia terminal
will be available as before. last week after signing a lease agreement in Sep-
tember, having already been providing regasifi-
AfrOil: Ugandan MPs Approve EACOP Spe- cation services at Brazilian regasification facilities
cial Provisions Bill 2021 since 2012.
Uganda moved one step closer towards launch-
ing commercial hydrocarbon production last LatAmOil: Eagle LNG, WEB Aruba Sign
week, when members of Parliament approved a Agreement On LNG Terminal
bill designed to facilitate the construction of the US-based Eagle LNG Partners has struck an
East African Crude Oil Pipeline (EACOP). agreement with WEB Aruba, the national
water and power provider of Aruba, on the
AsianOil: Senex Agrees To Posco Takeover construction of an LNG regasification termi-
Australia’s Senex Energy has agreed to be nal at the site of an existing oil refinery in San
acquired by Posco International, the trading Nicolas.
arm of South Korean steelmaker Posco, for The agreement provides for the parties to work
AUD852.1mn ($606.8mn). together to build an LNG import and regasifi-
Senex approved the deal after Posco raised its cation facility at the Refineria di Aruba (RdA)
offer for a third time, to AUD4.60 ($3.30) per plant, which has been idle for some time.
share. The South Korean company initially
offered AUD4.00 ($2.85) per share, subsequently MEOG: Iraq turns to Majnoon
hiking this to AUD4.20 ($2.99) and AUD4.40 In this week’s MEOG, we look at Iraq’s plans to
($3.13) per share before arriving at the current ramp up output from one of its biggest fields as it
price. chases down its ambitious oil production target.
Oil Minister Ihsan Abdul Jabbar this week
DMEA: ADNOC Ammonia And NNPC attended a ceremony at the Majnoon oilfield and
Spending expressed optimism about the asset’s future as
This week’s DMEA features the first ship- the country seeks to drive a significant increase
ment of Emirati ammonia to Japanese refiner in national oil production.
Idemitsu and an update from NNPC about its
refinery rehabilitation spend. NorthAmOil: Suncor, Cenovus to ramp up
Idemitsu this week said it had received the first spending in 2022
shipment of blue ammonia from Abu Dhabi Canadian oil sands giants Suncor Energy and
National Oil Co. (ADNOC) following a deal Cenovus Energy have both said that they intend
in August. to raise their capital expenditure and production
in 2022.
EurOil: Shell Shareholders Back Move To The moves appear to be a bet that oil prices will
London continue to recover from last year’s lows, to
Shareholders at Shell have overwhelmingly which they crashed following the onset of the
backed plans to relocate the company’s head- coronavirus (COVID-19) pandemic. Prices have
quarters and tax residence from the Netherlands strengthened considerably since then and West
to the UK, as well as make changes to the Anglo- Texas Intermediate (WTI) is currently trading at
Dutch major’s shareholder structure. around $70 per barrel.
The move to London will involve the relocation
of CEO Ben van Beurden and CFO Jessica Uhl, See the archive and sign up to receive NRG
and Shell’s board and executive committee meet- Editor’s Picks for free by email each week
ings will also take place in the UK from now on. here.™

Week 50 15•December•2021 www. NEWSBASE .com P13