Page 16 - AsianOil Week 43 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global said the fund would provide “necessary budget
(NRG), in which the reader is invited to join strength and resistance to volatility in the exter-
our team of international editors, who provide a nal environment.”
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: Venture Global seeks permission to
concise format, but by clicking on the headline begin Calcasieu Pass commissioning
link for each section the full text will be available VENTURE Global LNG has asked US regu-
as before. lators for permission to begin commissioning
liquefaction systems at its Calcasieu Pass LNG
AfrOil: Kenya to study LNG-to-power project export terminal in Louisiana. The company told
KENYA’S national electricity provider has the US Federal Energy Regulatory Commission
reportedly chosen US-based K&M Advisors (FERC) in a filing last week that the environmen-
as its contractor for a feasibility study of a pro- tal conditions required to begin commissioning
posed LNG-to-power project. K&M Advisors had been met, and that it was therefore seeking
announced the contract award last week, saying permission to proceed.
it had agreed to perform this service for state-
owned Kenya Electricity Generating Co. (Ken- LatAmOil: Pemex’s Tula refinery back on-
Gen) over a period of 10-12 months. line
MEXICO’S second-largest oil refinery has
DMEA: Fuels in focus reportedly resumed regular commercial oper-
IN this week’s DMEA, Iraq begins sending gas- ations after being shut down for several weeks
oline to Erbil, while Aramco and TotalEnergies because of protests that blocked railway and
launch their first two fuel service stations. The road transport routes. A source inside Pemex,
federal government in Baghdad has started Mexico’s national oil company, told Reuters last
sending tankers filled with gasoline to the Kurd- week that the 315,000 barrel per day Tula plant,
istan Regional Government (KRG) in Erbil to located in Hidalgo State, was operational once
ease a fuel supply crisis in the semi-autonomous again.
region. Meanwhile, Saudi Aramco and France’s
Total Energies have launched two new fuel ser- MEOG: Iranian output and Saudi emissions
vice stations in Saudi Arabia under a joint ven- THIS week’s MEOG looks at Iran’s plans to
ture agreement signed in 2019. prioritise the development of the West Karoun
oilfield cluster and Saudi net-zero ambitions.
EurOil: EU lawmakers back binding meth- The National Iranian Oil Co. (NIOC) this week
ane targets reiterated its focus on expanding production
EU lawmakers have backed imposing binding from the West Karoun oilfield cluster, targeting
targets for cutting methane emissions across $11bn of budget allocation to add 1mn barrels
multiple sectors, the European Parliament per day of new output. Meanwhile, Saudi Arabia
announced on October 21. In a resolution on announced that it would reduce emissions from
the EU’s strategy for cutting methane emissions, the Kingdom to ‘net zero’ by 2060, with oil firm
MEPs voted 563 to 122 in favour of introducing Saudi Aramco also setting an ambitious target
binding measures and targets on methane abate- for emissions.
ment in order to significantly reduce emissions
by 2030, in line with Paris goals. NorthAmOil: QatarEnergy, ExxonMobil
partner to explore offshore Eastern Canada
FSUOGM: Gazprom to build up $10.2bn QATARENERGY – recently renamed from
risk fund Qatar Petroleum – has announced that it has
RUSSIA’S Gazprom announced on October 19 signed an agreement with ExxonMobil to farm
it would build a reserve fund worth RUB726bn into an exploration licence offshore Newfound-
($10.2bn) by the end of the year to manage land and Labrador in Eastern Canada. Explo-
potential risks, even while it generates record ration Licence 1165A is located in the Flemish
gas revenues on the back of a surge in prices over Pass Basin, around 450 km east of St John’s, and
recent months. The deputy chairman of Gaz- contains the Hampden prospect in water depths
prom’s management committee, Famil Sadygov, of around 1,100 metres.™

P16 www. NEWSBASE .com Week 43 28•October•2021