Page 18 - AfrOil Week 28 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Kederginskoye, has had its reserves booked at
(NRG), in which the reader is invited to join 40bn cubic metres of gas and 2mn tonnes of
our team of international editors, who provide a condensate, according to Rosneft.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: QP strikes yet more supply deals
concise format, but by clicking on the headline State-owned Qatar Petroleum struck two more
link for each section the full text will be available long-term supply deals over the past week. On
as before. July 7, the company said it had entered into a
15-year LNG sale and purchase agreement with
AsianOil: Pakistan’s gas supply woes Taiwan’s CPC for the supply of 1.25mn tonnes
deepen per year of LNG.
Pakistan could face a natural gas shortage in
September and October, after having reportedly LatAmOil: CGX, Frontera prepare to spud
cancelled a liquefied natural gas (LNG) tender Kawa-1 exploration well
owing to high spot market prices. The govern- CGX Energy and Frontera Energy are gearing
ment has refused to buy LNG for more than up to spud the Kawa-1 exploration well at the
$13.79 per mmBtu ($381.43 per 1,000 cubic Corentyne block offshore Guyana. According
metres), local daily The News International to CGX documents viewed by OilNOW.gy and
reported on July 12, citing unnamed senior offi- a statement from Frontera, the two Canadian
cials from the Petroleum Division. companies intend to begin drilling operations in
the first half of August.
DMEA: African refining progress
Angolan national oil company Sonangol last MEOG: Pipelines and payments
week launched a tender for investment in the MEOG looks this week at the ongoing asset
long-awaited Lobito oil refinery as a top official monetisation of the world’s largest oil producer
said he expects another downstream unit to be and a breakthrough budget payment in Iraq.
on stream in a year’s time. Meanwhile, the Bentiu Saudi Aramco was this week reported to have
joint venture between South Sudanese Nilepet invited banks to pitch for work on a deal to
and Russia’s Rafinat is working to raise through- monetise its gas pipeline network in much the
put at its refinery near Juba in the African coun- same way it did for oil. Meanwhile, with financial
try’s Unity State. strain rarely out of the headlines in Iraq, good
news came by way of a story from Iraq Oil Report
EurOil: Shell offers shareholders more that quoted officials in both the Federal and KRG
Shareholders at Royal Dutch Shell are set to reap administrations as confirming the first transfer
the rewards of a recent rally in crude oil prices, of funds from the 2021 state budget.
with the oil major confirming on July 7 it would
boost shareholder distributions to between 20% NorthAmOil: Chevron reportedly considers
and 30% of cash flow from its operations. The closing Pasadena refinery unit
increase in rewards will begin when Shell unveils Chevron is reportedly considering permanently
its second-quarter results on July 29. shutting down the fluidic catalytic cracking
(FCC) unit of its 112,229 barrel per day (bpd)
FSU OGM: Rosneft finds more gas in Far refinery on the Houston Ship Channel in Pas-
East adena, Texas. The move is being considered as
Russian oil giant Rosneft has reported its sec- part of a possible reconfiguration of the plant,
ond gas find in the remote Yakutia region in sources familiar with the matter told Reuters last
the Far East this year. The discovery, named week. ™

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P18 www. NEWSBASE .com Week 28 14•July•2021