Page 16 - LatAmOil Week 38 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 2023, the company announced on September
(NRG), in which the reader is invited to join 15, representingthemostambitious climatetar-
our team of international editors, who provide a get for an oil company of its size. The company,
snapshot of some of the key issues affecting their whose flagship project is the Edvard Grieg field
regional beats. We hope you will like NRG’s new in theNorwegianNorth Sea,said thetarget cov-
concise format, but by clicking on the headline ered Scope 1, 2 and 3 emissions.
link for each section the full text will be available
as before. FSU OGM: Gazprom under fire
The widely circulated narrative in the media is
AfrOil: Nigeria establishes NNPC Ltd as that Russia is to blame for record-high gas and
new NOC power prices in Europe. But in reality, the cur-
Nigerian President Muhammadu Buhari has rent situation has been caused in large part by
authorised the incorporation of Nigerian seriousshortcomingsinEuropeanenergy policy.
National Petroleum Corp. Ltd (NNPC Ltd), in
line with Section 53(1) of the recently signed GLNG: US manufacturers call for LNG
Petroleum Industry Act (PIA). This act lays the restrictions
groundwork for the new company to replace A major trade group in the US has urged the
an existing state-run entity, Nigerian National government to take steps to curtail the coun-
Corp. (NNPC) as Nigeria’s national oil company. try’s LNG exports, warning of high domestic
prices and potentially shortages later this year.
AsianOil: Strike completes pre-FEED at The request revives a decade-long dispute over
WA ammonia project the economic benefits of rising LNG exports
Australian natural gas developer Strike Energy and the impact that they have on the domestic
has completed a pre-front-end engineering and industry that dependsonlow-costgas for power
design study on an ammonia and urea man- and feedstock.
ufacturing facility development in Western
Australia. Strike said on September 20 that inter- MEOG: Baker Hughes moves to capture
national oil and gas services provider Technip gas in Iraq
Energies’ seven-month plant study had resulted Baker Hughes has this week struck a deal with
in a 6% reduction in capital estimates compared theMinistry ofOil tocaptureupto200mn cubic
with feasibility study estimates from January. feet (5.7mn cubic metres) per day of gas from
the Nassiriyah and Gharraf oilfields in Dhi Qar
DMEA: Iraq, Iran to expand refining Governorate. Meanwhile, despite now being
Iraq’s state-owned North Refineries Co. (NRC) in the second half of September, Iraq’s Federal
this week signed a preliminary agreement with and Kurdish Regional Governments still appear
Swedish firm SEAB and Limak Holding of Tur- some way short of an agreement to end lengthy
key for investment to construct a 70,000 bpd arguments about oil sales.
refinery at Qayarah near Mosul. Meanwhile, Ira-
nian Minister of Petroleum Javad Owji says that NorthAmOil: ConocoPhillips snaps up
the country aims to increase refining capacity Shell’s Permian assets
while improving the quality of refined products. Royal Dutch Shell has agreed to sell its portfolio
ofshaleassets intheUS’ PermianBasintoCono-
EurOil: Lundin targets climate neutrality coPhillips for $9.5bn in cash. Shell’s assets cover
in 2023 around225,000 net acres (910.5 square km)and
Sweden’s Lundin has brought forward its target produce about 175,000 barrels of oil equivalent
for reaching carbon neutrality by two years to per day. ™

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P16 www. NEWSBASE .com Week 38 23•September•2021