Page 20 - DMEA Week 24 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global comprises a cluster of large oil and gas fields in
(NRG), in which the reader is invited to join the north of the Krasnoyarsk region, to com-
our team of international editors, who provide a modities trader Trafigura in December.
snapshot of some of the key issues affecting their
regional beats. GLNG: IOCs bid for Qatar LNG expansion
We hope you will like NRG’s new concise for- Six leading international oil companies (IOCs)
mat, but by clicking on the headline link for each have reportedly submitted bids to participate
section the full text will be available as before. in Qatar’s giant LNG expansion project. Citing
industry sources familiar with the matter, Reu-
AfrOil: Firms in line for Ugandan contract ters reported that the companies had submitted
US-based McDermott International has joined bids for participation in the nearly $30bn expan-
forces with Sinopec International Petroleum sion project on May 24.
Service Corp. (SIPSC), a subsidiary of Chi-
na’s Sinopec, to provide support services at the LatAmOil: T&T eyes green H2 production
Tilenga oilfield in Uganda. The consortium part- Trinidad and Tobago is looking into the possi-
ners have received a conditional letter of award bility of diversifying into hydrogen production,
(LoA) from TotalEnergies (France), the operator Prime Minister Keith Rowley said last week.
of Tilenga, and hope to sign a contract once all In an opening address for a conference hosted
the shareholders in the upstream project reach by the Trinidad and Tobago Energy Chamber,
agreement. Rowley pointed out hydrogen fuel could play an
important role in reducing carbon emissions.
AsianOil: Australia backs oil, gas sector
Australian Prime Minister Scott Morrison has MEOG: Aramco deal and TAQA interest
pledged that the oil and gas sector will “always” In this week’s MEOG, Gulf deal-making con-
be a pillar of the economy, even as domestic tinues to garner attention, with Saudi Aramco
investment in clean energy alternatives grows. completing a $6bn sukuk and Chinese interest
Morrison, during a video address to Aus- in the UAE’s TAQA.
tralian Petroleum Production and Exploration Aramco last week raised $6bn via its first
Association’s (APPEA) annual conference in dollar-denominated sukuk in three tranches,
Perth on June 15, said: “The oil and gas sector attracting orders with a combined value of more
is a major contributor to Australia’s prosperity – than $60bn as it surpassed the reported sukuk
always has, will always be.” target of $5bn.
Elsewhere, state-owned China Southern
EurOil: Shell reacts to Dutch ruling Power Grid Co. (CSG) is reported to be in dis-
Royal Dutch Shell will fast-track its energy cussions with banks as it seeks to acquire a 10%
transition strategy, CEO Ben van Beurden stake in UAE utility Abu Dhabi National Energy
announced on June 10, after a bombshell ruling Co. (TAQA).
by a Dutch court last month.
Shell set some of the most ambitious targets NorthAmOil: Shell weighing Permian sale
in the oil industry earlier this year, vowing to Royal Dutch Shell is reportedly weighing a sale
reduce the net carbon intensity of its products of some or all of its assets in the US’ Permian
by 6-8% by 2023, 20% by 2030, 45% by 2035 and Basin. Citing sources familiar with the matter,
100% by 2050, using its emissions in 2016 as a Reuters reported on June 13 that the super-ma-
baseline. jor was reviewing its holdings in the basin,
which accounted for roughly 6% of its total oil
FSUOGM: Rosneft attracts Vostok investors and gas output last year.
Russian oil giant Rosneft has brought on board Civitas Resources, which itself is currently in
two more traders for its Vostok Oil megaproject the process of being formed through the merger
in the Russian Arctic, the state-owned producer of Bonanza Creek Energy and Extraction Oil &
announced on June 10. Gas, has agreed this week to acquire Crestone
Rosneft sold a 10% stake in the project, which Peak Resources.™
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P20 www. NEWSBASE .com Week 24 17•June•2021