Page 17 - LatAmOil Week 32 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Addressing reporters in Glasgow on August 4,
(NRG), in which the reader is invited to join Labour leader Sir Keir Starmer said the policy
our team of international editors, who provide a would need to be implemented in a way that pro-
snapshot of some of the key issues affecting their tected North Sea jobs.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Russia holds off on gasoline
link for each section the full text will be available export ban
as before. Russia is yet to declare a ban on gasoline exports,
despite recent calls from the Energy Ministry
AfrOil: NOCK under fire from auditors The to do so in order to stem record-high wholesale
National Oil Corporation of Kenya (NOCK) is prices for the fuel. The ministry confirmed on
under fire from the government for its shaky July 30 that it had filed a proposal for the gov-
finances, with the Office of the Auditor-General ernment to start a procedure for introducing the
(OAG) expressing particular concern about the ban.
company’s failure to pay loans from KCB Bank
Kenya. The OAG noted in a report on NOCK’s GLNG: More interest in SPAs and higher
performance in Fiscal Year 2019/2020 that the costs
state-owned firm had been borrowing far more US-based Sempra Energy warned in its sec-
money than it was capable of repaying. ond-quarter conference call that construction
costs were rising for greenfield liquefaction
AsianOil: Senex enjoys Surat reserves projects. Meanwhile, fellow US LNG exporter
upgrade Cheniere Energy highlighted the return of long-
Australian independent Senex Energy reported term supply and purchase agreements (SPAs)
a significant upgrade to its natural gas reserves for LNG in support of the construction of new
this week following an independent assessment liquefaction capacity.
by Netherland Sewell & Associates (NSAI). The
company said on August 9 that its proven (1P) MEOG: Saudi Aramco’s big results and
gas reserves in the Surat Basin had been lifted by small qualifiers
24% to 261 PJ (6.8bn cubic metres) as of June 30, Saudi Aramco this week announced half-year
while its proven and probable (2P) reserves had results that were highlighted by a near quad-
increased by 4% to 767 PJ (19.98 bcm). rupling of Q2-2021 net income compared to
the same period last year. Meanwhile, with its
DMEA: Money questions and firefighting finances clearly in a healthier state, the company
Questions are starting to be asked about a poten- is pressing forward efforts to increase its maxi-
tial financial crisis at the nearly-complete Dan- mum sustainable capacity (MSC) for oil produc-
gote refinery in Nigeria, amidst allegations that tion by 1mn barrels per day (bpd), targeting a
the developer is struggle to cope with servicing 550,000-bpd hike within four years.
a $7bn credit. Meanwhile, a fire broke out at a
petrochemical storage tank on Kharg Island near NorthAmOil: ExxonMobil weighs net zero
the Islamic Republic’s largest oil export facility. pledge
The US-based super-major ExxonMobil
EurOil: Labour calls for end date to oil and is reportedly considering making a pledge to
gas exploration pur-sue net zero greenhouse gas (GHG)
The head of the UK’s main opposition party emissions. This comes as the company finds
has said the country must have a “hard-edged itself under growing pressure from investors
timetable” for ceasing oil and gas exploration. over its stance on decarbonisation. ™

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