Page 18 - EurOil Week 39 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Cheniere Receives Green Light To In-
(NRG), in which the reader is invited to join troduce Feed Gas To Sabine Pass Train 6
our team of international editors, who provide a US LNG giant Cheniere Energy has been given
snapshot of some of the key issues affecting their the go-ahead by regulators to introduce feed
regional beats. We hope you will like NRG's new gas to Train 6 at its Sabine Pass export terminal
concise format, but by clicking on the headline in Louisiana.
link for each section the full text will be available The US Federal Energy Regulatory Com-
as before. mission (FERC) approved Cheniere’s Septem-
ber 15 request to introduce feed gas last week.
AfrOil: Eni Launches Cabaça North At The move will form part of the commissioning
Block 15/06 process for Train 6, which is being brought
Italy’s Eni has launched the Cabaça North online earlier than initially anticipated.
development project at Block 15/06 offshore
Angola. In a statement, the Italian major said LatAmOil: Ecuador Funds New Transmission
it had begun extracting crude oil from Cabaça System For Oil Sector
North, a field in the eastern section of its licence The government of Ecuador will make funds
area. The company is using subsea tie-backs to available to private companies for the con-
deliver these barrels to the Armada Olombendo, struction of $1.9bn worth of new energy
the floating production, storage and off-loading facilities, including a new transmission sys-
(FPSO) unit that serves as the eastern hub of tem for the oil sector. The funds will enable
development at Block 15/06. companies to build and operate new power
plants, Energy Minister Juan Carlos Bermeo
AsianOil: Beach To Sell LNG To BP said last week.
Australian independent Beach Energy has The government is seeking investors for
agreed to sell its share of liquefied natural several major projects, Bermeo said. Among
gas (LNG) production from the Waitsia pro- these are a new 400-MW natural gas-burning
ject onshore Western Australia to super-ma- thermal power plant (TPP) worth $600mn
jor BP. and a 290-km transmission line that will link
Beach said on September 27 that it had oil industry facilities to the national grid, he
signed a heads of agreement (HoA) to sell its said. The new TPP and cable are expected to
3.75mn tonnes of expected production from begin operating between 2024 and 2026, he
Waitsia’s second phase of the development from added.
the second half of 2023. However, the agree-
ment’s terms include built-in flexibility around MEOG: Drilling IPO And LTAs
the first shipment in order to allow for variables This week’s MEOG looks at the successful
in the project’s construction and commissioning IPO of the region’s largest drilling com-
activities. pany and contracts for work offshore Saudi
Arabia.
DMEA: Jazan Deal And Refining Fears Abu Dhabi National Oil Co. (ADNOC)
In this week’s DMEA, we look at the finalisa- completed the initial public offering (IPO)
tion of a deal to finance a major Saudi power of its drilling unit this week in a sale that was
project and warnings about the future of more than 30 times oversubscribed.
South African refining. The share sale is the largest yet for Abu
Saudi Aramco, Air Products, ACWA Dhabi, which has in recent years carried out
Power and Air Products Qudra announced an array of asset monetisation and IPO deals
this week that they had signed ‘definitive’ worth many billions of dollars, highlighting
agreements to acquire the assets and finance investor appetite for opportunities in the
their planned joint venture (JV) in Jazan Middle East’s most stable countries.
Economic City..
NorthAmOil: PennEast Pipeline Stops De-
FSUOGM: Novatek Deputy Chairman Fac- velopment
es US Tax Charges PennEast Pipeline said this week that it
The deputy chairman of Russia’s second-larg- would stop developing its proposed pipeline
est gas producer Novatek, Florida business- from Pennsylvania to New Jersey. See the archive and
man Mark Gyetvay, has been arrested in the The company said PennEast was being sign up to receive
US on tax charges relating to $93mn that was scrapped because it had not yet received all *NRG Editor’s Picks*
hidden in offshore accounts. of its required permits, including a water for free by email each
Gyetvay played a key role in arranging quality certification in New Jersey. All fur- week here
financing for Novatek’s ambitious $27bn ther development on the project has been
Yamal LNG export project in the Russian ceased, PennEast added in an email that was
Arctic, which came online in December 2017. cited by Reuters.

P18 www. NEWSBASE .com Week 39 30•September•2021