Page 18 - EurOil Week 49 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Prelude FLNG Operations Suspended
(NRG), in which the reader is invited to join Following Fire
our team of international editors, who provide a Royal Dutch Shell suspended operations at
snapshot of some of the key issues affecting their its Prelude floating LNG (FLNG) facility off-
regional beats. We hope you will like NRG's new shore Western Australia after a fire broke out
concise format, but by clicking on the headline on the vessel last week.
link for each section the full text will be available Media cited company spokespersons as say-
as before. ing that smoke in an electrical utility area
had triggered the automatic fire detection
AfrOil: AGS Will Soon Launch 3D Seismic and management system at the facility on
Study Of Ruvuma December 2, allowing the fire to be con-
Africa Geophysical Services (AGS) of Oman tained. However, the incident resulted in the
is reportedly on track to launch the first loss of main power, forcing Prelude’s opera-
phase of a 3D seismic survey programme at tions to be suspended.
the Ruvuma block in southern Tanzania in
mid-December. LatAmOil: Guyana Says GTP Project Is At-
In a statement, UK-based Aminex, a tracting Strong Interest
non-operating partner in the joint venture The Guyanese government’s request
set up to develop the block, said that AGS for expressions of interest (EoIs) in a
had begun preparatory work at the licence $900mn gas-to-power (GTP) project is
area on November 15. attracting strong interest, according to
Natural Resources Minister Vickram
AsianOil: Santos-Oil Search Merger Clears Bharrat.
More Hurdles In an interview with OilNOW.gy, Bhar-
The proposed merger between Santos and rat said the EoI had drawn responses from
Oil Search is closer to reality after receiving more than 30 potential investors since
approval from Papua New Guinea’s (PNG) July. He did not name any of the firms that
Securities Commission. In the same week, might submit offers for the contract but
over 95% of Oil Search shareholders voted said potential bidders included companies
in favour of the merger, despite opposition from China, Europe, the US and nearby
from some long-standing investors in the countries.
company.

DMEA: Borouge Contracts Awarded MEOG: Field Work In Iraq And Saudi
This week, DMEA covers a raft of major con- This week, MEOG covers the award of con-
tract awards for the expansion of the Bor- tracts for drilling and field development
ouge polyolefins plant in Abu Dhabi. work at OPEC’s two biggest producers.
Abu Dhabi National Oil Co. (ADNOC) The state-owned Iraqi Drilling Co. (IDC)
and Austria’s Borealis this week awarded signed a contract with US services specialist
contracts for the development of their Abu Weatherford to collaborate on drilling and
Dhabi Polymers Co. (Borouge) joint ven- reclamation serves and to install new sys-
ture’s fourth facility in the UAE’s Ruwais tems as Baghdad pushes ahead with plans to
downstream hub. increase oil production capacity.
FSUOGM: Rosneft Looks At Wind Solution NorthAmOil: ExxonMobil Unveils Net-Zero
For Vostok Oil Target For Permian Basin
Russian state oil giant Rosneft has teamed Super-major ExxonMobil has announced that
up with Chinese companies to look at the it will target net-zero greenhouse gas (GHG)
potential for powering its giant Vostok Oil emissions from its operated assets in the US’
project in the Russian Arctic with wind Permian Basin by 2030. See the archive and
energy. The announcement comes days after the sign up to receive
Rosneft and other Russian oil and gas majors company unveiled tougher emissions targets *NRG Editor’s Picks*
have followed their international counterparts as part of an update on its medium-term cor- for free by email each
in taking steps to reduce emissions from their porate plans. Unlike European super-majors, week here
activities, as ESG concerns move higher up in it is not pursuing a long-term net-zero emis-
the priority lists of investors. Several are look- sions target across its entire business but it is
ing at ways of cutting their Scope 2 emissions now targeting a 40-50% reduction in upstream
by using renewables to power their production emissions intensity by 2030, compared with
facilities rather than gas or diesel. 2016 levels.

P18 www. NEWSBASE .com Week 49 09•December•2021