Page 14 - EurOil Week 37 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global The board of Western energy executives
(NRG), in which the reader is invited to join resigned in May in protest over the abrupt
our team of international editors, who provide a firing of former CEO Andriy Kobolyev,
snapshot of some of the key issues affecting their although they later agreed to stay on.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: ExxonMobil, PNG Restart P’nyang
link for each section the full text will be available Talks
as before. ExxonMobil has restarted talks with the gov-
ernment of Papua New Guinea (PNG) on
AfrOil: Sonangol Looks Ahead To IPO the development of the P’nyang natural gas
Sonangol, the national oil company (NOC) of project.
Angola, has revealed details of its plan to issue Talks on the project, which was set to be
an initial public offering (IPO) of stock. tied to a $13bn expansion of PNG’s liquefac-
According to Sebastião Gaspar Martins, the tion capacity, stalled in late 2019 after the gov-
chairman of the government-owned company, ernment pushed for better terms than it had
Sonangol will sell 30% of its equity in multiple obtained for ExxonMobil’s original PNG LNG
locations, starting with the Angola Debt and Stock development.
Exchange in Luanda and expanding later to Lon-
don and New York. LatAmOil: Hess CEO Enthusiastic About
Pinktail Field
AsianOil: Santos Awards Dorado Subsea ExxonMobil Guyana, a subsidiary of
FEED Contract US-based ExxonMobil, may include its lat-
Australian independent Santos has awarded the est find in Guyana’s offshore zone in its sixth
subsea front-end engineering and development development project at Stabroek, according
(FEED) contract for the Dorado oilfield devel- to the head of Hess, the US independent that
opment to services provider Atteris. holds a minority stake in the block.
Atteris said on September 13 that the design
work would include flow assurance definition MEOG: Kuwait To Expand Drilling
and design of the subsea system connecting the This week’s MEOG covers Kuwait’s plans
wellhead platform to the floating production, to ramp up drilling operations as it seeks
storage and offloading (FPSO) vessel. to expand crude production, while Saudi
Aramco is considering a new approach to
DMEA: Saudis In South Sudan Supply Talks gas.
This week’s DMEA looks at talks between State-owned Kuwait Oil Co. (KOC) is
Saudi Aramco and South Sudan over oil planning to drastically increase drilling as
product supplies and the ongoing resump- part of its plan to fulfil its output capacity
tion of protests at Libyan oil terminals. target of 4mn barrels per day by 2040, up
South Sudan is expected to agree terms from the current 3.1-3.2mn bpd.
with Saudi Aramco on the long-term sup-
ply of oil derivatives following the recent NorthAmOil: Post-Ida refinery repairs may
signing of a memorandum of understand- be too costly for Phillips 66
ing (MoU). Downstream player Phillips 66 may be forced
to idle a refinery in Louisiana as a result of
FSUOGM: Naftogaz Board Members Re- severe damage from Hurricane Ida, which See the archive and
sign hit the state at the end of August. Citing sign up to receive
Three members of the independent board sources familiar with the matter, Bloomberg *NRG Editor’s Picks*
of Ukrainian state gas supplier Naftogaz reported on September 10 that the plant suf- for free by email each
resigned on September 8 amid tensions fered so much damage that repairs may be week here
within the company’s current leadership. too costly.

P14 www. NEWSBASE .com Week 37 16•September•2021