Page 17 - MEOG Week 28 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global EurOil: Shell offers shareholders more
(NRG), in which the reader is invited to join Shareholders at Royal Dutch Shell are set to reap
our team of international editors, who provide a the rewards of a recent rally in crude oil prices,
snapshot of some of the key issues affecting their with the oil major confirming on July 7 it would
regional beats. boost shareholder distributions to between 20%
We hope you will like NRG’s new concise for- and 30% of cash flow from its operations.
mat, but by clicking on the headline link for each The increase in rewards will begin when Shell
section the full text will be available as before. unveils its second-quarter results on July 29.
AfrOil: Eni eyes North African hydrogen FSUOGM: Rosneft finds more gas in Far
Representatives of Italy’s Eni met with Egyp- East
tian and Algerian officials last week to discuss Russian oil giant Rosneft has reported its second
the prospects for green and blue hydrogen gas find in the remote Yakutia region in the Far
production. East this year.
One set of discussions took place on July 7, The discovery, named Kederginskoye, has
when Alessandro Puliti, the company’s COO for had its reserves booked at 40bn cubic metres of
natural resources, spoke with Toufik Hakkar, the gas and 2mn tonnes of condensate, according to
CEO of Algeria’s national oil company (NOC) Rosneft.
Sonatrach, in Algiers.
GLNG: QP strikes yet more supply deals
AsianOil: Pakistan’s gas woes deepen State-owned Qatar Petroleum struck two more
Pakistan could face a natural gas shortage in long-term supply deals over the past week.
September and October, after having reportedly On July 7, the company said it had entered
cancelled a liquefied natural gas (LNG) tender into a 15-year LNG sale and purchase agreement
owing to high spot market prices. with Taiwan’s CPC for the supply of 1.25mn
The government has refused to buy LNG for tonnes per year of LNG.
more than $13.79 per mmBtu ($381.43 per 1,000
cubic metres), local daily The News International LatAmOil: Firms prepare for Guyana spud
reported on July 12, citing unnamed senior offi- CGX Energy and Frontera Energy are gearing
cials from the Petroleum Division. up to spud the Kawa-1 exploration well at the
Corentyne block offshore Guyana.
DMEA: African refining progress According to CGX documents viewed by Oil-
This week’s DMEA looks at the launch of a ten- NOW.gy and a statement from Frontera, the two
der to invest in Angola’s flagship refinery and Canadian companies intend to begin drilling
increasing throughput at South Sudan’s latest operations in the first half of August.
processing facility.
Angolan national oil company Sonangol last NorthAmOil: Chevron eyes refinery closure
week launched a tender for investment in the Chevron is reported to be considering per-
long-awaited Lobito oil refinery as a top official manently shutting down the fluidic catalytic
said he expects another downstream unit to be cracker (FCC) at its 112,229 barrel per day (bpd)
on stream in a year’s time. refinery on the Houston Ship Channel in Pasa-
Meanwhile, the Bentiu joint venture between dena, Texas.
South Sudanese Nilepet and Russia’s Rafinat is The move is being considered as part of a
working to raise throughput at its refinery near possible reconfiguration of the plant, sources
Juba in the African country’s Unity State. familiar with the matter told Reuters last week.™

See the archive and sign up to
receive *NRG Editor’s Picks* for
free by email each week here

Week 28 14•July•2021 www. NEWSBASE .com P17