Page 15 - LatAmOil Week 39 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global due to be slashed by more than 50% in the gas
(NRG), in which the reader is invited to join year beginning October 1, 2021, to just 3.9bn
our team of international editors, who provide a cubic metres, before ceasing regular production
snapshot of some of the key issues affecting their altogether.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Novatek’s deputy chairman
link for each section the full text will be available faces US tax charges
as before. The deputy chairman of Russia’s second-largest
gas producer Novatek, Florida businessman
AfrOil: Eni launches Cabaça North at Mark Gyetvay, has been arrested in the US on
Block 15/06 tax charges relating to $93mn that was hidden
Italy’s Eni has launched the Cabaça North devel- in offshore accounts. Gyetvay played a key role
opment project at Block 15/06 offshore Angola. in arranging financing for Novatek’s ambitious
In a statement, the Italian major said it had $27bn Yamal LNG export project in the Russian
begun extracting crude oil from Cabaça North, Arctic, which came online in December 2017.
a field in the eastern section of its licence area.
GLNG: Cheniere receives green light to
AsianOil: Beach to sell LNG to BP introduce feed gas to Sabine Pass Train 6
Australian independent Beach Energy has US LNG giant Cheniere Energy has been given
agreed to sell its share of liquefied natural gas the go-ahead by regulators to introduce feed gas
production from the Waitsia project onshore to Train 6 at its Sabine Pass export terminal in
Western Australia to super-major BP. Beach said Louisiana. The US Federal Energy Regulatory
on September 27 that it had signed a heads of Commission approved Cheniere’s September
agreement to sell its 3.75mn tonnes of expected 15 request to introduce feed gas last week.
production from Waitsia’s second phase of the
development from the second half of 2023. MEOG: ADNOC completes IPO and LTAs
Abu Dhabi National Oil Co. (ADNOC) com-
DMEA: Jazan deal and refining fears pleted the initial public offering (IPO) of its
Saudi Aramco, Air Products, ACWA Power drilling unit, the largest company of its kind in
and Air Products Qudra announced this week the region, this week in a sale that was more than
that they had signed “definitive” agreements 30 times oversubscribed. Meanwhile, US-based
to acquire the assets and finance their planned engineering firm McDermott is understood to
joint venture for a major power project in Jazan be leading the race among prequalified bidders
Economic City. Meanwhile, the South Afri- for several offshore oilfield services contracts,
can Petroleum Industry Association (SAPIA) also known as long-term agreements (LTAs),
warned earlier this week that the country’s from Saudi Aramco.
remaining refineries could become obsolete
within two years without financial support. NorthAmOil: PennEast Pipeline stops
development
EurOil: Groningen gas field to close in PennEast Pipeline said earlier this week that it
2022 as planned has decided to stop developing its proposed
The Netherlands will end gas production at the pipeline from Pennsylvania to New Jersey. The
giant quake-causing Groningen gas field next company said PennEast was being scrapped
year as planned, despite calls for it to boost flow because it had not yet received all of its required
amid the unprecedented supply crunch on the permits, including a water quality certification
European gas market. Output at Groningen is in New Jersey. ™

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Week 39 30•September•2021 www. NEWSBASE .com P15