Page 17 - MEOG Week 48 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Capital Partners, had requested takeover bids
(NRG), in which the reader is invited to join from interested parties next month. Delibera-
our team of international editors, who provide a tions continue and Neptune’s owners could still
snapshot of some of the key issues affecting their decide against a divestment.
regional beats.
We hope you enjoy NRG’s new concise for- FSUOGM: Gazprom to boost capex
mat, but by clicking on the headline link for each Capital spending levels at Russia’s Gazprom are
section the full text will be available as before. once again creeping upwards, as the company
prepares to ramp up gas supplies to China and
AfrOil: Kenya dismisses LAPSSET rumours expand development in the Russian Arctic.
Kenya’s government is seeking to deny reports Gazprom has earned handsome profits dur-
that it has already begun the process of land ing the European gas crisis this year and intends
acquisition in Turkana County for the Lokich- to plough some of that windfall cash back into
ar-Lamu Crude Oil Pipeline (LLCOP) project, a new infrastructure.
component of the Lamu Port-South Sudan Ethi-
opia Transport Corridor (LAPSSET) initiative. GLNG: McDermott completes Shell study
McDermott International said this week that it
AsianOil: Australia releases gas strategy had recently completed a study for Shell Global
The Australian government released its first full Solutions International, aimed at reducing
National Gas Infrastructure Plan (NGIP), along- greenhouse gas emissions during the construc-
side the Future Gas Infrastructure Investment tion of LNG projects.
Framework, late last week. The study identifies “tangible reduction path-
The government said on November 26 that ways” with an ultimate aim of net-zero emissions
the plan and the framework were part of Prime during the construction phase of LNG projects,
Minister Scott Morison’s “gas-led recovery” McDermott stated.
strategy and that they would secure national gas
supplies over the next 20 years. LatAmOil: Eco optimistic about Orinduik
UK-based Eco (Atlantic) Oil & Gas has
DMEA: Aramco denies deal is dead expressed optimism about the prospects for a
Saudi Aramco’s president and CEO this week major discovery at the Orinduik block offshore
rejected that talks for a major downstream Guyana, noting that the eastern section of the
tie-up between the company and India’s Reliance licence area is very close to several fields within
Industries Ltd (RIL) had been scrapped. the neighbouring Stabroek block.
Speaking to Arab News, Amin Nasser said Eco, a minority shareholder in the Orinduik
that the talks had been paused while Reliance consortium, said last week that it was working
carries out a restructuring process, adding with its partners to update the inventory of drill-
that they would “continue to discuss further ing targets and to choose exploration drilling
with them in the future after they finish the sites.
restructuring”.
NorthAmOil: Canada rejects Enbridge plan
EurOil: Owners mulling Neptune sale The Canada Energy Regulator (CER) has
The owners of leading North Sea player Neptune rejected pipeline operator Enbridge’s proposal
Energy are considering a sale of the business, to change how it allocates capacity on its Main-
sources told Bloomberg on November 14, with line system.
the hope of raising as much as $5bn. Under the plan, 90% of the capacity would
Sources said that advisors to the company’s have been sold under long-term contracts rather
private equity backers, Carlyle Group and CVC than allocated on a monthly basis as before.™

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