Page 16 - FSUOGM Week 45 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global bio-LNG. The complex currently handles
(NRG), in which the reader is invited to join 150,000 barrels per day (bpd) of oil.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: ARC Strikes Deal To Supply Gas To
regional beats. We hope you will like NRG's new LNG Canada
concise format, but by clicking on the headline ARC Resources said last week that it had struck
link for each section the full text will be available a deal to supply natural gas to a member of the
as before. LNG Canada consortium, which is building an
LNG export terminal on the British Columbia
AfrOil: ExxonMobil Hopes To Cut Rovuma coast.
LNG Costs, Carbon Emissions The agreement is set to take effect when
ExxonMobil (US) is working to reduce the LNG Canada enters service – expected in
carbon footprint of its Rovuma LNG pro- 2025 – and will see ARC supply 150mn cubic
ject while also cutting costs, Mozambique’s feet (4.2mn cubic metres) per day of gas over
Energy Minister Max Tonela has said. the long term to be used as feedstock for the
Speaking at a press conference in Maputo terminal.
on November 4, Tonela stated that repre-
sentatives of the US-based super-major had LatAmOil: Argentina’s Electricity Export
outlined plans for Rovuma LNG in a meeting Earnings Will Fund Vaca Muerta Gas Pipe-
with Mozambican President Filipe Nyusi. line
Argentina expects to use the proceeds of
AsianOil: POSCO Wins Over Senex Board electricity exports to Brazil to finance two
With New Bid major infrastructure projects that will facil-
South Korea’s POSCO International has itate the development of the Vaca Muerta
submitted a new bid for Senex Energy that shale formation.
has finally won the backing of the Austral- News of these plans emerged after the
ian developer’s board. Energy Secretariat adopted a new ruling
Senex said on November 8 that it had governing the use of export revenues. Under
received a further improved non-binding this ruling, known as Resolution 1037, the
proposal from POSCO to acquire 100% of government department will be able to cover
the Australian firm for an all-cash offer of the cost of building new energy infrastruc-
AUD4.60 ($3.42) per share. ture networks.

DMEA: Fertiglobe Results And Aramco MEOG: Cost-Cutting And Reshuffling
Backing In this week’s MEOG, we look at the ongoing
In this week’s DMEA, we look at Fertiglobe’s talks between Iraq and Jordan to cut costs on
Q3 results improvement and Saudi Ara- their planned cross-border pipeline and new
mco’s backing for an industrial chemicals appointments at the top of Yemeni oil firms.
specialist. The governments of Iraq and Jordan
The Fertiglobe joint venture (JV) remain in discussions over the development
between Dutch chemicals manufacturer OCI of a long-planned cross-border oil pipeline
and Abu Dhabi National Oil Co. (ADNOC) but only if costs are reduced significantly,
this week announced a 2,000% increase in according to an update this week from Bagh-
Q3 net profit. dad’s Ministry of Oil (MoO).

EurOil: Shell Calls Time On Oil Refining In NorthAmOil: Biden Administration Denies
Germany Considering Line 5 Shutdown
Royal Dutch Shell announced on November The administration of US President Joe Biden
4 it was ending oil processing at its Rhein- has denied reports that it was considering shut-
land refinery in Wesseling in Germany as ting down Enbridge’s Line 5 pipeline, which See the archive and
part of its shift to lower-carbon energy. is at the centre of a dispute with the State of sign up to receive
Oil processing at the site will cease in Michigan. *NRG Editor’s Picks*
2025, and from then on it will produce low Reports had emerged that the Biden admin- for free by email each
or zero-carbon products instead, Shell said. istration was quietly studying the impact week here
The Rheinland site will be rebranded as the of shutting down Line 5. However, a White
Shell Energy and Chemicals Park Rheinland, House spokeswoman, Karine Jean-Pierre, told
focused on production of green hydrogen, reporters on November 8 that the idea was
sustainable aviation fuels and renewable “inaccurate”.

P16 www. NEWSBASE .com Week 45 10•November•2021