Page 16 - DMEA Week 48 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

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

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P16 www. NEWSBASE .com Week 48 02•December•2021