Page 20 - AfrOil Week 42 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global will start pumping commercial volumes of gas
(NRG), in which the reader is invited to join to Europe, as first it must be certified by German
our team of international editors, who provide a regulators.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: China reportedly seeks more US
concise format, but by clicking on the headline LNG
link for each section the full text will be available Several Chinese energy firms are in talks to
as before. secure new long-term supplies of LNG from
the US as rising gas prices and domestic power
AsianOil: Senex attracts multiple takeover shortages spark concerns about supplies. Citing
bids from POSCO several sources familiar with the matter, Reu-
Australian independent Senex Energy’s con- ters reported last week that the “advanced” talks
tinued success in boosting production has involved at least five Chinese firms, including
attracted an all-cash takeover bid from South state-owned Sinopec and China National Off-
Korea’s POSCO International. POSCO has sub- shore Oil Corp. (CNOOC), as well as local gov-
mitted a non-binding and indicative proposal to ernment-backed distributor Zhejiang Energy.
acquire all of the Australian developer’s stock for
AUD4.40 ($3.29) per share on September 2, val- LatAmOil: TotalEnergies will not flare gas
uing the company at AUD815mn ($608.5mn). from Block 58
Patrick Pouyanné, the CEO of France’s TotalEn-
DMEA: Challenges and progress ergies, has said that his company will not flare
Downstream-focused Kuwait National Petro- any of the associated gas contained within its
leum Co. (KNPC) reported an explosion and oilfields offshore Suriname. Pouyanné noted
fire at the country’s Mina Al-Ahmadi refinery that the oil-rich sections of Block 58, which
which injured several workers but did not affect TotalEnergies is developing in co-operation
operations. Meanwhile, Egypt’s Assiut National with US-based Apache, contained significant
Oil Processing Co. (ANOPC) has signed a mem- volumes of associated ga.
orandum of understanding with two local firms
for the development of a new atmospheric distil- MEOG: Sakarya award and Farzad-B
lation unit (ADU). query
US oilfield services specialist Schlumberger has
EurOil: EU takes aim at Russia’s Arctic oil been awarded a contract as part of a consortium
and gas wealth by Turkish Petroleum (TPAO) for work on the
The EU has proposed a new Arctic strategy offshore Sakarya gas field. Meanwhile, India’s
which, if implemented, would prevent member ONGC Videsh Ltd (OVL) has asked Iran to
states from acquiring oil and gas from the Rus- clarify the terms of the contract awarded to Pet-
sian Arctic. While Moscow has downplayed the ropars to develop the Farzad-B gas field in May.
impact of this move, it could undermine efforts
to exploit oil and gas in Russia’s far north, putting NorthAmOil: Halliburton narrowly beats
it on a political collision course with Brussels. third-quarter earnings estimates
Oilfield services giant Halliburton has beaten
FSU OGM: Nord Stream 2 ready for flow analyst estimates with its third-quarter results,
Russia has finished filling the first string of the which were announced this week. The company
Nord Stream 2 with natural gas, meaning that posted net income of $236mn, or $0.26 per share,
the pipeline is now technically ready to operate. for the quarter, up from a net loss of $17mn in the
But there is still no clarity on when the pipeline same quarter a year ago. ™

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P20 www. NEWSBASE .com Week 42 20•October•2021