Page 18 - DMEA Week 41 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global GLNG: PNG wants bigger LNG stake
(NRG), in which the reader is invited to join The government of Papua New Guinea (PNG)
our team of international editors, who provide a has said that it would want to up its stake in the
snapshot of some of the key issues affecting their PNG LNG project if the proposed takeover of
regional beats. Oil Search by Santos goes ahead.
We hope you enjoy NRG’s new concise for- Under the proposed deal, Santos will acquire
mat, but by clicking on the headline link for each Oil Search’s interest in PNG LNG, making it the
section the full text will be available as before. biggest single shareholder in the project, which
is operated by ExxonMobil, with a 42.5% stake.
AfrOil: ReconAfrica’s seismic draws fire
Toronto-listed Reconnaissance Africa Energy, LatAmOil: Protest halts ONP flows
known as ReconAfrica, has come under fire A group of indigenous Peruvians took over the
from a local non-governmental organisation facilities of Pump Station #5 along the North-
called Frack Free Namibia (FFN). ern Oil Pipeline (ONP) last week, in an act that
In a statement issued last week, FFN alleged forced the national oil company Petroperu, the
that ReconAfrica’s exploration activities had dis- owner of ONP, to halt crude shipments.
rupted local communities in the Kavango basin. In a statement, Petroperu said it had taken
this step after residents of the northern Loreto
AsianOil: ENN seals long-term LNG deal region seized control of the pumping station on
Chinese utility ENN Natural Gas has signed October 4.
a new long-term liquefied natural gas supply
agreement with the US’ Cheniere Energy. MEOG: New targets and rebranding
The Chinese company said on October 11 In MEOG this week we look at Iraq’s efforts to
that Cheniere had agreed to supply 900,000 conclude talks with international operators on
tonnes per year of the fuel for 13 years from July increasing oil production and Qatar’s NOC
2022 on a free-on-board basis. rebrand.
Iraq’s Ministry of Oil believes it is nearing
EurOil: Repsol raises clean energy target the conclusion of talks with IOCs developing
Spanish energy group Repsol has announced it its major oilfields regarding efforts that will
is increasing its 2030 target for renewable energy increase the country’s oil production to 8mn
capacity by 60%, while also setting new targets to barrels per day by 2027.
limit the emissions from its oil and gas business. Meanwhile, state-owned Qatar Petroleum
Repsol was the first major oil and gas pro- (QP) this week announced that it is in the pro-
ducer to pledge to become a net-zero emissions cess of rebranding as QatarEnergy in a nod to a
company by 2050. strategic shift to focus on more environmentally
friendly operations.
FSUOGM: The Putin effect on gas prices
Natural gas prices in Europe took a dive on the NorthAmOil: Chevron sets net zero goal
afternoon of October 6, after Russian President Chevron announced this week that it would
Vladimir Putin hinted that Gazprom might pursue net-zero greenhouse gas emissions by
release more supply onto the market. 2050.
The contract for November gas delivery at The company described the target as an “aspi-
the Dutch TFF platform briefly soared to almost ration”, and while it fell short of the more aggres-
$2,000 per 1,000 cubic metres in the early hours sive net-zero goals set by European rivals such as
of trading, before sliding back down around Royal Dutch Shell and BP, it marks the first such
$1,700. move by one of the two US super-majors.™

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P18 www. NEWSBASE .com Week 41 14•October•2021