Page 16 - MEOG Week 49 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Cambo is one of the largest untapped fields
(NRG), in which the reader is invited to join remaining on the UK Continental Shelf, and
our team of international editors, who provide a Siccar Point hopes to recover as much as 175mn
snapshot of some of the key issues affecting their barrels of oil and some 1.5bn cubic metres of gas
regional beats. from its first stage of development.
We hope you enjoy NRG’s new concise for-
mat, but by clicking on the headline link for each FSUOGM: Rosneft looks at wind for Vostok
section the full text will be available as before. Russian state oil giant Rosneft has teamed up
with Chinese companies to look at the potential
AfrOil: AGS to launch Ruvuma study for powering its giant Vostok Oil project in the
Africa Geophysical Services (AGS) of Oman is Russian Arctic with wind energy.
reportedly on track to launch the first phase of Rosneft and other Russian oil and gas majors
a 3D seismic survey programme at the Ruvuma have followed their international counterparts
block in southern Tanzania in mid-December. In in taking steps to reduce emissions from their
a statement, UK-based Aminex, a non-operat- activities, as ESG concerns move higher up in
ing partner in the joint venture set up to develop the priority lists of investors.
the block, said that AGS had begun preparatory
work at the licence area on November 15. GLNG: Prelude FLNG suspended after fire
Royal Dutch Shell suspended operations at its
AsianOil: Santos-Oil Search merger cleared Prelude floating LNG facility offshore Western
The proposed merger between Santos and Oil Australia after a fire broke out on the vessel last
Search is closer to reality after receiving approval week.
from Papua New Guinea’s (PNG) Securities Media cited company spokespersons as say-
Commission. ing that smoke in an electrical utility area had
In the same week, over 95% of Oil Search triggered the automatic fire detection and man-
shareholders voted in favour of the merger, agement system at the facility on December 2,
despite opposition from some long-standing allowing the fire to be contained.
investors in the company.
LatAmOil: GTP attracting strong interest
DMEA: Borouge contracts awarded The Guyanese government’s request for expres-
This week, DMEA covers a raft of major contract sions of interest in a $900mn gas-to-power pro-
awards for the expansion of the Borouge polyole- ject is attracting strong interest, according to
fins plant in Abu Dhabi. Natural Resources Minister Vickram Bharrat.
Abu Dhabi National Oil Co. (ADNOC) and In an interview with OilNOW.gy, Bharrat
Austria’s Borealis this week awarded contracts said the EoI had drawn responses from more
for the development of their Abu Dhabi Poly- than 30 potential investors since July.
mers Co. (Borouge) joint venture’s fourth facility
in the UAE’s Ruwais downstream hub. NorthAmOil: Net-zero Permian plans
Super-major ExxonMobil has announced that
EurOil: Cambo up in the air it will target net-zero greenhouse gas emissions
Royal Dutch Shell has withdrawn from the large from its operated assets in the US’ Permian
Cambo oil development in UK waters west of Basin by 2030.
the Shetland Islands, in what environmentalists The announcement comes days after the
are welcoming as a death blow for the project, company unveiled tougher emissions targets as
which has faced unprecedented scrutiny over its part of an update on its medium-term corporate
climate impact. plans.™

See the archive and sign up to
receive *NRG Editor’s Picks* for
free by email each week here

P16 www. NEWSBASE .com Week 49 08•December•2021