Page 17 - LatAmOil Week 45 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global lower-carbon energy. Oil processing at the site
(NRG), in which the reader is invited to join will cease in 2025, and from then on it will pro-
our team of international editors, who provide a duce low or zero-carbon products instead, Shell
snapshot of some of the key issues affecting their said.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Gazprom starts filling gas
link for each section the full text will be available storage sites in Europe
as before. Natural gas prices fell on November 9 after Rus-
sia’s Gazprom announced it had begun filling
AfrOil: ExxonMobil hopes to cut Rovuma up its gas storage facilities in Europe, which
LNG costs, carbon emissions should help ease the continent’s supply crunch.
ExxonMobil (US) is working to reduce the car- “Gazprom approved and began implementation
bon footprint of its Rovuma LNG project while of the plan for pumping gas into five European
also cutting costs, Mozambique’s Energy Minis- underground storage facilities in November,” the
ter Max Tonela has said. Speaking at a press con- company reported via its social media channels.
ference in Maputo on November 4, Tonela stated
that representatives of the US-based super-major GLNG: ARC strikes deal to supply gas to
had outlined plans for Rovuma LNG in a meet- LNG Canada
ing with Mozambican President Filipe Nyusi. ARC Resources has struck a deal to supply natu-
ral gas to a member of the LNG Canada consor-
AsianOil: POSCO wins over Senex board tium, which is building an LNG export terminal
with new bid on the British Columbia coast. The agreement
South Korea’s POSCO International’s new bid will take effect when LNG Canada enters ser-
for Senex Energy has finally won the backing vice and will see ARC supply 150mn cubic feet
of the Australian developer’s board. Senex said (4.2mn cubic metres) per day of gas over the long
on November 8 that it had received a further term to be used as feedstock for the terminal.
improved non-binding proposal from POSCO
to acquire 100% of the Australian firm for an all- MEOG: Cost-cutting and reshuffling
cash offer of AUD4.60 ($3.42) per share. The governments of Iraq and Jordan remain in
discussions on a cross-border oil pipeline but will
DMEA: Fertiglobe results and Aramco only proceed if costs are reduced significantly,
backing according to Baghdad’s Ministry of Oil. Mean-
The Fertiglobe joint venture between Dutch while, Yemeni President Abd Rabbuh Mansur
chemicals manufacturer OCI and Abu Hadi has appointed new executives at two state-
Dhabi National Oil Co. (ADNOC) this week owned oil companies, as fighting intensified
announced a 2,000% increase in Q3 net profit. between government and Iranian-backed mili-
Meanwhile, Saudi-based Amad Chemicals Co. tants in the oil-rich Ma’rib Governorate.
this week received a $1.3mn loan from Aramco’s
investment arm Wa’ed to finance the company’s NorthAmOil: Biden administration denies
expansion in the Kingdom. considering Line 5 shutdown
The administration of US President Joe Biden
EurOil: Shell calls time on oil refining in has denied reports that it was considering shut-
Germany ting down Enbridge’s Line 5 pipeline, which is
Royal Dutch Shell said on November 4 that it was at the centre of a dispute with the state of Michi-
ending oil processing at its Rheinland refinery gan. Reports had emerged that Washington was
in Wesseling in Germany as part of its shift to quietly studying the impact of closing Line 5. ™

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Week 45 11•November•2021 www. NEWSBASE .com P17