Page 14 - NorthAmOil Week 35 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global timetable” to be set for ceasing production.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSUOGM: Sechin pushes for access to Eu-
snapshot of some of the key issues affecting their ropean gas market
regional beats. We hope you will like NRG’s new Russia’s most influential oilman Igor Sechin,
concise format, but by clicking on the headline link head of state oil group Rosneft, is once again
for each section the full text will be available as pushing the government to allow the company
before. to export gas by pipeline, in spite of Gazprom’s
monopoly over these supplies, Kommersant
AfrOil: AfDB head optimistic about Mo- reported on August 27. Rosneft, though mainly
zambique LNG focused on oil, has been working for years to
Akinwumi Adesina, the president of the Afri- build up its natural gas business, to provide a
can Development Bank (AfDB), has said he hedge against oil market volatility.
believes that TotalEnergies (France) will be
able to resume work on the Mozambique LNG GLNG: Indonesia approves Tangguh LNG
in about 12-18 months. Adesina indicated last expansion, CCUS plan
week that he expected security conditions in Indonesian regulator SKK Migas has approved
Cabo Delgado, Mozambique’s northernmost the development plan for an expansion and a
province, to improve following the deployment carbon capture, utilisation and storage (CCUS)
of troops from Rwanda and from member states project at BP’s Tangguh LNG export complex in
of the Southern African Development Commu- Papua Barat. The plan involves the development
nity (SADC). of the Ubadari natural gas field, as well as output
being raised at the Vorwata gas field thanks to
AsianOil: Pertamina wins regulatory ap- the use of CCUS.
proval for Gajah Besar development
Indonesia’s state-owned Pertamina has secured LatAmOil: Petrobras shareholders seek to
regulatory approval for its plan of development narrow scope of 17th Bidding Round
for the Gajah Besar natural gas and condensate Brazil’s national oil company Petrobras has
field onshore South Sumatra. SKK Migas plan- been asked by a group of shareholders to elim-
ning deputy Benny Lubiantara said in an August inate more auctions scheduled to take place on
29 statement that Pertamina EP intended to October 7. The group in question is Anapetro,
invest $15.5mn in drilling three development an association formed by Petrobras employees
wells, reworking another well and constructing who own stock in the NOC.
pipeline from producing wells to the Paku Gajah
compression system. MEOG: Iraq back on track
This week’s MEOG looks at Lukoil’s re-commit-
DMEA: Kuwait extends CFP contract ment to its main asset in Iraq and reports about
This week’s DMEA looks at Kuwait’s move to a change in OPEC+ direction at its September
extend a consultancy contract following pro- meeting. Russia’s Lukoil last week announced
ject overruns at a key refining development and that it intends to increase oil production at the
Iran’s appointment of a new oil minister. Kuwait West Qurna-2 project in southern Iraq, provid-
Petroleum Corp.’s downstream-focused subsid- ing stability for Baghdad as it seeks to increase
iary this week extended a project management output by 3mn barrels per day by 2027. Mean-
consultancy contract for the emirate’s recently while, the OPEC+ group is unlikely to make any
completed refinery overhaul project. Mean- changes to its oil output policy when members
while, Javad Owji has replaced Bijan Zanganeh meet this week, according to numerous delegates.
as Iran’s new Oil Minister, following his proposal
for the role last month by incoming President NorthAmOil: Hurricane Ida disrupts Gulf
Ebrahim Raisi. operations
Production in the US Gulf of Mexico and coastal
EurOil: Wood urges against end to oil ex- downstream operations alike were severely dis-
ploration rupted by Hurricane Ida this week, which made
UK oil tycoon Ian Wood has warned that it landfall in Louisiana as a Category 4 hurricane
would be “absolutely crazy” for the UK to call on August 29. According to the US Bureau of
time on oil exploration, adding that such as a pol- Safety and Environmental Enforcement (BSEE),
icy would be “detrimental, environmentally.” The 94.6% of Gulf oil production and 93.6% of gas
UK government faces calls to adopt a tougher output had been shut in as of August 30.
stance towards continued oil and gas extrac-
tion, with the head of Labour opposition party See the archive and sign up to receive NRG Editor’s
Sir Keir Starmer recently urging a “hard-edged Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 35 02•September•2021