Page 18 - FSUOGM Week 41 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global emissions company by 2050. Most other Euro-
(NRG), in which the reader is invited to join pean producers of its stature have announced
our team of international editors, who provide a similar goals since then.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: PNG Government Wants Bigger
concise format, but by clicking on the headline Stake In PNG LNG
link for each section the full text will be available The government of Papua New Guinea (PNG)
as before. has said that it would want to up its stake in the
PNG LNG project if the proposed takeover of
AfrOil: ReconAfrica’s Seismic Survey Oil Search by Santos goes ahead.
Draws Fire From NGO Under the proposed deal, Santos will
Toronto-listed Reconnaissance Africa Energy, acquire Oil Search's interest in PNG LNG,
known as ReconAfrica, has come under fire making it the biggest single shareholder in
from a local non-governmental organisation the project, which is operated by ExxonMobil,
(NGO) called Frack Free Namibia (FFN). with a 42.5% stake. Santos had said it would
In a statement issued last week, FFN alleged seek to sell down part of the stake in an effort
that ReconAfrica’s exploration activities had to help align partner holdings in the project.
disrupted local communities in the Kavango
basin. Specifically, it charged that the thumper LatAmOil: Indigenous Protest Halts ONP
trucks that ReconAfrica was using to collect 2D Pipeline Flows
seismic data from its licence area had damaged A group of indigenous Peruvians took over
residential facilities in the area. the facilities of Pump Station #5 along the
Northern Oil Pipeline (ONP) last week, in
AsianOil: ENN Seals Long-Term LNG Sup- an act that forced the national oil company
ply Deal With Cheniere (NOC) Petroperu, the owner of ONP, to halt
Chinese utility ENN Natural Gas has crude shipments.
signed a new long-term liquefied natural In a statement, Petroperu said it had
gas (LNG) supply agreement with the US’ taken this step after residents of the northern
Cheniere Energy. Loreto region seized control of the pumping
The Chinese company said on Octo- station on October 4. It reported that about
ber 11 that Cheniere had agreed to supply 200 people had participated in the protest
900,000 tonnes per year (tpy) of the fuel for and complained that the demonstrators
13 years from July 2022 on a free-on-board had been “irresponsibly installing tents and
(FOB) basis. Cheniere said the purchase other items without taking security condi-
price was indexed to the Henry Hub price tions into account.”
and included a fixed liquefaction fee.
MEOG: New Targets And Rebranding
DMEA: Ruwais Cancellation And Another In MEOG this week we look at Iraq’s efforts
IPO to conclude talks with international opera-
This week’s DMEA covers the cancellation of tors on increasing oil production and Qatar’s
plans to build a major new refinery in Abu NOC rebrand.
Dhabi and the next stage of Aramco’s asset Iraq’s Ministry of Oil (MoO) believes it
monetisation plan. is nearing the conclusion of talks with IOCs
State-owned Abu Dhabi National Oil Co. developing its major oilfields regarding
(ADNOC) this week has said that it will no efforts that will increase the country’s oil
longer proceed with a major expansion of its production to 8mn barrels per day (bpd) by
downstream hub at Ruwais, citing a lack of 2027. See the archive and
commercial attractiveness. sign up to receive
NorthAmOil: Chevron To Aim For Net Zero *NRG Editor’s Picks*
EurOil: Repsol Raises 2030 Clean Energy By 2050 for free by email each
Target Chevron announced this week that it would week here
Spanish energy group Repsol has announced pursue net-zero greenhouse gas (GHG)
it is increasing its 2030 target for renewable emissions by 2050. The company described
energy capacity by 60%, while also setting the target as an “aspiration”, and while it fell
new targets to limit the emissions from its oil short of the more aggressive net-zero goals
and gas business. set by European rivals such as Royal Dutch
Repsol was the first major oil and gas Shell and BP, it marks the first such move by
producer to pledge to become a net-zero one of the two US super-majors.

P18 www. NEWSBASE .com Week 41 13•October•2021