Page 18 - EurOil Week 44 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Europe. Miller was discussing the situa-
(NRG), in which the reader is invited to join tion on the gas market in a meeting with
our team of international editors, who provide a Russian President Vladimir Putin. The
snapshot of some of the key issues affecting their two men noted that European gas storage
regional beats. We hope you will like NRG's new utilisation was at an unusually low level
concise format, but by clicking on the headline for this time of year, and that Gazprom’s
link for each section the full text will be available own storage sites on the continent contain
as before. only 190,000 cubic metres of gas.
AfrOil: Former Sonangol Director Pessimis- GLNG: Saipem Sees Mozambique LNG Pro-
tic About Local Content ject Restarting In Mid-2022
Angola’s government has made a number Italian energy services provider Saipem said on
of efforts to increase local content in oil October 28 that it expects work on the Mozam-
and gas projects involving international oil bique LNG project, which was put on hold this
companies (IOCs), but its approach has had year for security reasons, to restart around
only limited effect, according to a former mid-2022.
director of the national oil company (NOC) During a conference call with analysts,
Sonangol. Saipem’s chief financial officer, Antonio
Arnaldo Lago de Carvalho, a businessman Pacioretti, indicated that he did not expect
who previously served on Sonangol’s board of the project to make any significant contri-
directors, said last week that he saw the NOC butions to his company’s performance in
itself as the biggest obstacle to increasing local 2021.
content in oil and gas projects. “The area of
local content is very weak in the country pre- LatAmOil: ExxonMobil’s Third Disappoint-
cisely because it was blocked by Sonangol,” he ment At Canje Block
commented. Esso Exploration & Production Guyana Ltd
(EEPGL), a subsidiary of ExxonMobil (US),
AsianOil: Santos, Beach Reach FID On has reportedly completed its third explora-
Moomba CCS tion well at the Canje block offshore Guyana
Santos and Beach Energy have reached a without discovering commercial hydrocar-
final investment decision (FID) on their bon reserves.
$165mn Moomba carbon capture and stor- According to JHI Associates, a non-operat-
age (CCS) project in South Australia. ing partner in the Canje project, the Sapote-1
Santos said on November 1 that the pro- well was drilled in 2,549-metre-deep water
ject, which it operates with a 66.7% interest and sunk to a total depth of 6,758 metres.
while Beach holds the remainder, was slated
to start up in 2024. MEOG: Aramco Results And Iraq Deals
This week’s MEOG includes Aramco’s Q3
DMEA: Zarqa Expansion And Duqm Update results announcement and plans for deals
This week’s DMEA covers the submission of between Baghdad and Riyadh.
bids for the expansion of Jordan’s sole refin- Saudi Aramco this week announced its Q3
ery and an update on the timeline for Oman’s results which were highlighted by $30.4bn in
Duqm refinery. net income, up 158% compared to the same
Jordan Petroleum Refinery Co. (JoPet- period last year, taking it back to top spot as
rol) this week announced that it had received the world’s most profitable company.
bids from engineering firms for a contract to
expand the country’s Zarqa refinery under NorthAmOil: Chevron To Aim For Net Zero
the so-called Project Petra. By 2050
Chevron announced this week that it would
FSUOGM: Gazprom Stockpiling Domesti- pursue net-zero greenhouse gas (GHG) emis-
cally sions by 2050. The company described the tar- See the archive and
Russia’s Gazprom expects to finish stock- get as an “aspiration”, and while it fell short of sign up to receive
piling gas at its Russian storage sites on the more aggressive net-zero goals set by Euro- *NRG Editor’s Picks*
November 8, CEO Alexei Miller said pean rivals such as Royal Dutch Shell and BP, for free by email each
on October 27, after which it will shift it marks the first such move by one of the two week here
its focus to filling its sites elsewhere in US super-majors.

P18 www. NEWSBASE .com Week 44 04•November•2021