Page 17 - AfrOil Week 49 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global followed their international counterparts in tak-
(NRG), in which the reader is invited to join ing steps to reduce emissions from their activ-
our team of international editors, who provide a ities, as ESG concerns move higher up in the
snapshot of some of the key issues affecting their priority lists of investors.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Prelude FLNG operations
link for each section the full text will be available suspended following fire
as before. Royal Dutch Shell suspended operations at its
Prelude floating LNG facility offshore Western
AsianOil: Santos-Oil Search merger clears Australia after a fire broke out on the vessel last
more hurdles week. Media reports cited company spokesper-
A proposed merger between Santos and sons as saying that smoke in an electrical utility
Oil Search is closer to reality after receiving area had triggered the automatic fire detection
approval from Papua New Guinea’s (PNG) and management system at the facility on
Securities Commission. In the same week, over December 2, allowing the fire to be contained.
95% of Oil Search shareholders voted in favour
of the merger, despite opposition from some LatAmOil: Guyana says GTP project is
long-standing investors in the company. attracting strong interest
The Guyanese government’s request for expres-
DMEA: Borouge contracts awarded sions of interest in a $900mn gas-to-power pro-
Abu Dhabi National Oil Co. (ADNOC) and Aus- ject is attracting strong interest, according to
tria’s Borealis this week awarded contracts for the Natural Resources Minister Vickram Bharrat.
development of their Abu Dhabi Polymers Co. In an interview with OilNOW.gy, Bharrat said
(Borouge) joint venture’s fourth facility in the the EoI had drawn responses from more than 30
UAE’s Ruwais downstream hub. potential investors since July.

EurOil: Cambo up in the air MEOG: Field work in Iraq and Saudi
Royal Dutch Shell has withdrawn from the large State-owned Iraqi Drilling Co. (IDC) signed a
Cambo oil development in UK waters west of contract with US services specialist Weatherford
the Shetland Islands, in what environmentalists to collaborate on drilling and reclamation serves
are welcoming as a death blow for the project, and to install new systems as Baghdad pushes
which has faced unprecedented scrutiny over ahead with plans to increase oil production
its climate impact. Cambo is one of the largest capacity. Meanwhile, Saudi Aramco awarded a
untapped fields remaining on the UK Conti- contract to UK-based Wood plc and extended
nental Shelf, and Siccar Point hopes to recover another with Australia’s Worley for support ser-
as much as 175mn barrels of crude oil and 1.5bn vices as the Saudi firm seeks to expand produc-
cubic metres of natural gas from its first stage of tion capacity.
development.
NorthAmOil: ExxonMobil unveils net-zero
FSU OGM: Rosneft looks at wind solution target for Permian Basin
for Vostok Oil US-based super-major ExxonMobil will target
Russia’s state-owned oil giant Rosneft has teamed net-zero greenhouse gas emissions from its oper-
up with Chinese companies to look at the poten- ated assets in the Permian Basin by 2030. The
tial for powering its giant Vostok Oil project announcement comes days after the company
in the Russian Arctic with wind energy. Ros- unveiled tougher emissions targets as part of an
neft and other Russian oil and gas majors have update on its medium-term corporate plans. ™

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