Page 17 - AfrOil Week 50 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global nearly 7% in early trading on December 13 at
(NRG), in which the reader is invited to join €113 ($127) per MWh.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Excelerate begins deliveries to
regional beats. We hope you will like NRG’s new Bahia LNG
concise format, but by clicking on the headline Excelerate Energy announced on December
link for each section the full text will be available 8 that it had begun receiving gas deliveries at
as before. Brazil’s Bahia LNG import terminal in Salva-
dor, Bahia State. The company took control of
AsianOil: Senex agrees to Posco takeover the Bahia terminal last week after signing a lease
Australia’s Senex Energy has agreed to be agreement in September, having already been
acquired by Posco International, the trading providing regasification services at Brazilian
arm of South Korean steelmaker Posco, for regasification facilities since 2012.
AUD852.1mn ($606.8mn). Senex approved the
deal after Posco raised its offer for a third time, to LatAmOil: Eagle LNG, WEB Aruba sign
AUD4.60 ($3.30) per share. agreement on LNG terminal
US-based Eagle LNG Partners has struck an
DMEA: ADNOC ammonia and NNPC agreement with WEB Aruba, the national water
spending and power provider of Aruba, on the construc-
Japan’s Idemitsu this week said it had received tion of an LNG regasification terminal at the site
the first shipment of blue ammonia from Abu of an existing oil refinery in San Nicolas. The
Dhabi National Oil Co. (ADNOC) following a agreement provides for the parties to work
deal in August. Meanwhile, Nigerian National together to build an LNG import and regasifi-
Petroleum Corp. (NNPC) has disclosed its Jan- cation facility at the Refineria di Aruba (RdA)
uary-October refining expenditures. plant, which has been idle for some time.

EurOil: Shell shareholders back move to MEOG: Iraq turns to Majnoon
London Iraq’s Oil Minister Ihsan Abdul Jabbar this week
Shareholders at Shell have overwhelmingly attended a ceremony at the Majnoon oilfield and
backed plans to relocate the company’s head- expressed optimism about the asset’s future as
quarters and tax residence from the Netherlands the country seeks to drive a significant increase
to the UK, as well as make changes to the Anglo- in national oil production. Meanwhile, the ser-
Dutch major’s shareholder structure. The move vices arm of Petroleum Development Oman
to London will involve the relocation of CEO (PDO) this week signed its first commercial con-
Ben van Beurden and CFO Jessica Uhl, and tract, to carry out an onshore seismic survey in
Shell’s board and executive committee meetings Block 56 for Swedish operator Tethys Oil.
will also take place in the UK from now on.
NorthAmOil: Suncor, Cenovus to ramp up
FSU OGM: European gas prices continue spending in 2022
to climb Canadian oil sands giants Suncor Energy and
Europe could face rolling blackouts and heating Cenovus Energy have both said that they intend
outages this year if the worst predictions are to be to raise their capital expenditure and production
believed, amid worryingly low levels of storage, in 2022. The moves appear to be a bet that oil
supply constraints and escalating tensions at the prices will continue to recover from last year’s
border of Russia and Ukraine. The January gas lows, to which they crashed following the onset
delivery contract at the Dutch TTF hub was up of the coronavirus (COVID-19) pandemic. ™

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