Page 15 - FSUOGM Week 47 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global government has responded by saying it is
(NRG), in which the reader is invited to join “unpleasantly surprised” by the decision.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: LNG Trade Booms Ahead Of Winter
regional beats. We hope you will like NRG's new The global LNG trade is booming ahead of
concise format, but by clicking on the headline the Northern Hemisphere winter. The leading
link for each section the full text will be available buyers in the world – China, Japan and South
as before. Korea – are ramping up imports this month,
while in the US, LNG exports have reached
AfrOil: TotalEnergies Ready To Invest Bil- record highs.
lions In Libyan Projects The boom in US LNG exports provided
TotalEnergies (France) has announced some relief to buyers in Europe, who face com-
plans to invest billions of dollars in Libya’s petition from Asia as they scramble to replen-
oil industry. ish gas stockpiles ahead of the winter. Indeed,
According to Patrick Pouyanné, the com- major buyers in Asia are reported to be receiv-
pany’s CEO, the French major is ready to ing more cargoes than Europe.
support efforts to increase production and
intends to pump $2bn into the Waha oil- LatAmOil: ExxonMobil, SBM Discussing
fields. TotalEnergies anticipates that this Fourth FPSO For Stabroek
project will raise the North African coun- US-based ExxonMobil is reportedly in dis-
try’s crude output by 100,000 barrels per day cussions with the Dutch contractor SBM
(bpd), he said. Offshore on the construction of a fourth
floating production, storage and off-loading
AsianOil: Woodside Takes FIDs On Scar- (FPSO) vessel for installation at the Stabroek
borough And Pluto LNG 2 block offshore Guyana.
Australia’s largest oil and gas producer Two sources close to the matter told Reu-
Woodside has reached final investment ters last week that the parties had already
decisions (FIDs) for both the Scarbor- begun negotiations. One of the key subjects
ough gas field development as well as the under discussion is a proposal for building
expansion of the Pluto liquefied natural gas some of the components of the FPSO in Guy-
(LNG) facility. ana itself, they noted.
Woodside announced the FIDs on
November 22, the same day it revealed that MEOG: A Flurry Of Contract Awards
it had signed a binding share sale agreement In this week’s MEOG we cover contract
(SSA) with BHP – a Scarborough project awards in Turkey and the UAE as developers
partner – on the independent’s merger with seek to make progress on major gas projects.
the mining giant’s oil and gas portfolio. Italian engineering, procurement and
construction (EPC) specialist Saipem
DMEA: Downstream Deals And Progress was awarded a deal by Turkish Petroleum
This week’s DMEA covers the breakdown of (TPAO) to lay a 175-km pipeline tying back
talks on a downstream mega deal and pro- the offshore Sakarya gas field to the Turkish
gress developing the final South Pars gas mainland.
refinery.
Saudi Aramco and India’s Reliance NorthAmOil: US Confirms Co-Ordinated
Industries Ltd called off a major downstream SPR Release
deal following years of talks, but the Saudi The move will be co-ordinated with China,
firm wasted no time in opening discussions India, South Korea, Japan and the UK in a bid
with another Indian state giant for crude to provide relief from oil prices that recently See the archive and
offtake. reached their highest level in seven years. sign up to receive
The initiative comes after the OPEC+ group *NRG Editor’s Picks*
EurOil: Shell Leaves The Netherlands has ignored repeated calls to reduce crude for free by email each
Royal Dutch Shell has announced unexpectedly prices by releasing more oil into the mar- week here
on November 15 it would be moving its tax res- ket. The group recently opted to maintain its
idency from the Netherlands to the UK, while current output plan, which entails scaling up
also simplifying its shareholder structure. production by only 400,000 barrels per day
The company will also move its head (bpd) each month until the end of 2022. Thus
office to the UK, and hold board and far, OPEC+ has shown no signs of changing
committee meetings there. The Dutch course.

Week 47 24•November•2021 www. NEWSBASE .com P15