Page 21 - DMEA Week 28 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global had its reserves booked at 40bn cubic metres of
(NRG), in which the reader is invited to join gas and 2mn tonnes of condensate, according to
our team of international editors, who provide a Rosneft.
snapshot of some of the key issues affecting their
regional beats. GLNG: QP strikes yet more supply deals
We hope you will like NRG’s new concise for- State-owned Qatar Petroleum struck two more
mat, but by clicking on the headline link for each long-term supply deals over the past week.
section the full text will be available as before. On July 7, the company said it had entered
into a 15-year LNG sale and purchase agreement
AfrOil: Eni eyes North African hydrogen with Taiwan’s CPC for the supply of 1.25mn
Representatives of Italy’s Eni met with Egyp- tonnes per year of LNG.
tian and Algerian officials last week to discuss
the prospects for green and blue hydrogen LatAmOil: Firms prepare for Guyana spud
production. CGX Energy and Frontera Energy are gearing
One set of discussions took place on July 7, up to spud the Kawa-1 exploration well at the
when Alessandro Puliti, the company’s COO for Corentyne block offshore Guyana.
natural resources, spoke with Toufik Hakkar, the According to CGX documents viewed by Oil-
CEO of Algeria’s national oil company (NOC) NOW.gy and a statement from Frontera, the two
Sonatrach, in Algiers. Canadian companies intend to begin drilling
operations in the first half of August.
AsianOil: Pakistan’s gas woes deepen
Pakistan could face a natural gas shortage in MEOG: Pipelines and payments
September and October, after having reportedly MEOG looks this week at the ongoing asset
cancelled a liquefied natural gas (LNG) tender monetisation of the world’s largest oil producer
owing to high spot market prices. and a breakthrough budget payment in Iraq.
The government has refused to buy LNG for Saudi Aramco was this week reported to have
more than $13.79 per mmBtu ($381.43 per 1,000 invited banks to pitch for work on a deal to mon-
cubic metres), local daily The News International etise its gas pipeline network in much the same
reported on July 12, citing unnamed senior offi- way it did for oil.
cials from the Petroleum Division. Meanwhile, with financial strain rarely out of
the headlines in Iraq, good news came by way
EurOil: Shell offers shareholders more of a report from Iraq Oil Report that quoted
Shareholders at Royal Dutch Shell are set to reap officials in both the Federal and KRG adminis-
the rewards of a recent rally in crude oil prices, trations as confirming the first transfer of funds
with the oil major confirming on July 7 it would from the 2021 state budget.
boost shareholder distributions to between 20%
and 30% of cash flow from its operations. NorthAmOil: Chevron eyes refinery closure
The increase in rewards will begin when Shell Chevron is reported to be considering per-
unveils its second-quarter results on July 29. manently shutting down the fluidic catalytic
cracker (FCC) at its 112,229 barrel per day (bpd)
FSUOGM: Rosneft Far East gas find refinery on the Houston Ship Channel in Pasa-
Russian oil giant Rosneft has reported its second dena, Texas.
gas find in the remote Yakutia region in the Far The move is being considered as part of a
East this year. possible reconfiguration of the plant, sources
The discovery, named Kederginskoye, has familiar with the matter told Reuters last week.™

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