Page 17 - FSUOGM Week 49 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Prelude FLNG Operations Suspended
(NRG), in which the reader is invited to join Following Fire
our team of international editors, who provide a Royal Dutch Shell suspended operations at
snapshot of some of the key issues affecting their its Prelude floating LNG (FLNG) facility off-
regional beats. We hope you will like NRG's new shore Western Australia after a fire broke out
concise format, but by clicking on the headline on the vessel last week.
link for each section the full text will be available Media cited company spokespersons as say-
as before. ing that smoke in an electrical utility area
had triggered the automatic fire detection
AfrOil: AGS Will Soon Launch 3D Seismic and management system at the facility on
Study Of Ruvuma December 2, allowing the fire to be con-
Africa Geophysical Services (AGS) of Oman tained. However, the incident resulted in the
is reportedly on track to launch the first loss of main power, forcing Prelude’s opera-
phase of a 3D seismic survey programme at tions to be suspended.
the Ruvuma block in southern Tanzania in
mid-December. LatAmOil: Guyana Says GTP Project Is At-
In a statement, UK-based Aminex, a tracting Strong Interest
non-operating partner in the joint venture The Guyanese government’s request for
set up to develop the block, said that AGS expressions of interest (EoIs) in a $900mn
had begun preparatory work at the licence gas-to-power (GTP) project is attract-
area on November 15. ing strong interest, according to Natural
Resources Minister Vickram Bharrat.
AsianOil: Santos-Oil Search Merger Clears In an interview with OilNOW.gy, Bhar-
More Hurdles rat said the EoI had drawn responses from
The proposed merger between Santos and more than 30 potential investors since July.
Oil Search is closer to reality after receiving He did not name any of the firms that might
approval from Papua New Guinea’s (PNG) submit offers for the contract but said poten-
Securities Commission. In the same week, tial bidders included companies from China,
over 95% of Oil Search shareholders voted Europe, the US and nearby countries.
in favour of the merger, despite opposition
from some long-standing investors in the
company. MEOG: Field Work In Iraq And Saudi
This week, MEOG covers the award of con-
DMEA: Borouge Contracts Awarded tracts for drilling and field development
This week, DMEA covers a raft of major con- work at OPEC’s two biggest producers.
tract awards for the expansion of the Bor- The state-owned Iraqi Drilling Co. (IDC)
ouge polyolefins plant in Abu Dhabi. signed a contract with US services specialist
Abu Dhabi National Oil Co. (ADNOC) Weatherford to collaborate on drilling and
and Austria’s Borealis this week awarded reclamation serves and to install new sys-
contracts for the development of their Abu tems as Baghdad pushes ahead with plans to
Dhabi Polymers Co. (Borouge) joint ven- increase oil production capacity.
ture’s fourth facility in the UAE’s Ruwais
downstream hub. NorthAmOil: ExxonMobil Unveils Net-Zero
Target For Permian Basin
EurOil: Cambo Up In The Air Super-major ExxonMobil has announced that
Royal Dutch Shell has withdrawn from the it will target net-zero greenhouse gas (GHG)
large Cambo oil development in UK waters emissions from its operated assets in the US’
west of the Shetland Islands, in what envi- Permian Basin by 2030. See the archive and
ronmentalists are welcoming as a death blow The announcement comes days after the sign up to receive
for the project, which has faced unprece- company unveiled tougher emissions targets *NRG Editor’s Picks*
dented scrutiny over its climate impact. as part of an update on its medium-term cor- for free by email each
Cambo is one of the largest untapped porate plans. Unlike European super-majors, week here
fields remaining on the UK Continental it is not pursuing a long-term net-zero emis-
Shelf (UKCS), and Siccar Point hopes to sions target across its entire business but it is
recover as much as 175mn barrels of oil and now targeting a 40-50% reduction in upstream
some 1.5bn cubic metres of gas from its first emissions intensity by 2030, compared with
stage of development. 2016 levels.

Week 49 08•December•2021 www. NEWSBASE .com P17