Page 18 - AfrOil Week 24 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

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

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P18 www. NEWSBASE .com Week 24 16•June•2021