Page 17 - AfrOil Week 48 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Arctic. Gazprom has earned handsome prof-
(NRG), in which the reader is invited to join its during the European gas crisis this year and
our team of international editors, who provide a intends to plough some of that windfall cash
snapshot of some of the key issues affecting their back into new infrastructure.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: McDermott completes net-zero
link for each section the full text will be available LNG construction study for Shell
as before. McDermott International said this week that it
had recently completed a study for Shell Global
AsianOil: Australia releases 20-year gas Solutions International, aimed at reducing
sector strategy greenhouse gas emissions during the construc-
The Australian government has released its first tion of LNG projects. The study identifies “tan-
full National Gas Infrastructure Plan (NGIP), gible reduction pathways” with an ultimate aim
alongside the Future Gas Infrastructure Invest- of net-zero emissions during the construction
ment Framework\. The government said on phase of LNG projects, McDermott stated.
November 26 that the plan and the framework
were part of Prime Minister Scott Morison’s “gas- LatAmOil: Eco hopes to find light crude oil
led recovery” strategy and that they would secure at Orinduik
national gas supplies over the next 20 years. UK-based Eco (Atlantic) Oil & Gas is optimistic
about the prospects for a major discovery at the
DMEA: Aramco denies deal is dead Orinduik block offshore Guyana, as the eastern
Saudi Aramco’s president and CEO has denied section of the licence area is very close to sev-
that talks for a major downstream tie-up between eral fields within the neighbouring Stabroek
the company and India’s Reliance Industries Ltd block. Eco, a minority shareholder in the Orin-
(RIL) are being scrapped. Amin Nasser said that duik consortium, says it is working with its part-
the talks had been paused while Reliance carries ners to update the inventory of drilling targets
out a restructuring process, adding that they and to choose exploration drilling sites.
would “continue to discuss further with them
in the future after they finish the restructuring.” MEOG: Major field development plans
Iraqi officials attended the launch ceremony
EurOil: Neptune’s owners reportedly for Basra Energy Co. (BEC), the joint venture
mulling sale between BP and PetroChina that has taken over
The owners of leading North Sea player Neptune as the main contractor for development work
Energy are considering a sale of the business, at the super-giant Rumaila oilfield. Meanwhile,
sources told Bloomberg, with the hope of raising Iran’s state-owned Pars Oil and Gas Co. (POGC)
as much as $5bn. Sources said that advisors to the has started a new drilling campaign as it seeks to
company’s private equity backers, Carlyle Group add reserves at the offshore South Pars gas field.
and CVC Capital Partners, had requested takeo-
ver bids from interested parties next month. NorthAmOil: Canadian regulator rejects
Enbridge’s Mainline contracting plan
FSU OGM: Gazprom to use gas crisis The Canada Energy Regulator (CER) has
windfall to boost capex rejected pipeline operator Enbridge’s proposal
Capital spending levels at Russia’s Gazprom to change how it allocates capacity on its Main-
are once again creeping upwards, as the com- line system. Under the plan, 90% of the capacity
pany prepares to ramp up gas supplies to would be sold under long-term contracts rather
China and expand development in the Russian than allocated on a monthly basis as before. ™

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Week 48 01•December•2021 www. NEWSBASE .com P17