Page 17 - EurOil Week 46 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 13% quarter on quarter, while net income
(NRG), in which the reader is invited to join rose by 38.7% to $4.3bn. These results
our team of international editors, who provide a were achieved thanks to an 8.1% growth in
snapshot of some of the key issues affecting their revenues to $32.2bn, while free cash flow
regional beats. We hope you will like NRG's new expanded by 15.9% to $5.1bn.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Details Disclosed Of Cheniere’s
as before. LNG Supply Deal With France’s Engie
Leading US LNG producer Cheniere Energy
AfrOil: Shell, Equinor Resume Talks On struck a deal to supply the super-chilled fuel to
Tanzania LNG Project France’s Engie earlier this year, according to a
Tanzania’s Energy Minister January letter to the US Department of Energy (DoE)
Makamba confirmed last week that his coun- whose details have now been made public.
try’s government had resumed talks with The deal is notable because last year Engie
several international oil companies (IOCs) pulled out of talks over a potential supply deal
on the Tanzania LNG project. with another US firm, NextDecade, having
Makamba made his announcement in a reportedly come under pressure from the
pair of Twitter posts dated November 8 and French government not to buy LNG produced
said he expected this large-scale initiative from shale gas.
to benefit the country. “Today, I kicked off
negotiations for the $30bn Tanzania LNG LatAmOil: ExxonMobil, SBM Discussing
project,” he wrote. “The project will trans- Fourth FPSO For Stabroek
form our economy.” US-based ExxonMobil is reportedly in dis-
cussions with the Dutch contractor SBM
Petronas Signs Raft Of CCUS Agreements Offshore on the construction of a fourth
Malaysia’s state-owned Petronas has signed floating production, storage and off-loading
a number of agreements this month with (FPSO) vessel for installation at the Stabroek
international partners that focus on devel- block offshore Guyana.
oping carbon capture, utilisation and stor- Two sources close to the matter told Reu-
age (CCUS) technology. ters last week that the parties had already
Petronas has signed a memorandum of begun negotiations. One of the key subjects
understanding (MoU) with Baker Hughes under discussion is a proposal for building
to collaborate on “technological develop- some of the components of the FPSO in Guy-
ments supporting energy transition”, among ana itself, they noted.
other things, the state major announced on
November 16. MEOG: Eridu Plans And Kuwait’s Transi-
tion
DMEA: Borouge Expansion Announced This week’s MEOG looks at Lukoil’s plans
This week’s DMEA covers the expansion of for a southern Iraqi oilfield and comments
Abu Dhabi’s key polyolefins plant and calls by Kuwait’s Oil Minister about the country’s
to cancel a pipeline connecting the Red Sea energy transition.
to the Mediterranean. Iraq’s Ministry of Oil (MoO) said this
Abu Dhabi National Oil Co. (ADNOC) week that it has received a development plan
this week signed a $6.2bn investment agree- for the Eridu oilfield from Russia’s Lukoil,
ment with Austria-based Borealis for the envisaging peak production of 250,000 bar-
Borouge joint venture’s fourth facility in the rels per day (bpd).
UAE’s Ruwais downstream hub.
NorthAmOil: Freeport LNG Announces
FSUOGM: Sechin Warns Of Energy “Super CCS Plan Amid News Of Stake Sale
Cycle” Freeport LNG Development announced this
Russia’s state-owned Rosneft followed other week that it had executed a letter of intent (LoI)
oil and gas majors in reporting a surge with Talos Energy to jointly develop a carbon See the archive and
in profits in the third quarter on the back capture and storage (CCS) facility to serve the sign up to receive
of higher prices, with its CEO Igor Sechin Freeport liquefaction terminal on the Texas *NRG Editor’s Picks*
predicting a “super cycle” in energy mar- Gulf Coast. The announcement about the for free by email each
kets would drive prices higher as demand FLNG CCS project came a day after Global week here
recovers. Infrastructure Partners (GIP) said that it was
Rosneft’s EBITDA came in at $8.7bn selling its 25.7% stake in Freeport to Japan’s
(RUB638bn) in the three-month period, up JERA for $2.5bn.

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