Page 14 - NorthAmOil Week 28 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Rosneft finds more gas in Far
(NRG), in which the reader is invited to join East
our team of international editors, who provide a Russian oil giant Rosneft has reported its second
snapshot of some of the key issues affecting their gas find in the remote Yakutia region in the Far
regional beats. We hope you will like NRG’s new East this year. The discovery, named Kedergin-
concise format, but by clicking on the headline link skoye, has had its reserves booked at 40bn cubic
for each section the full text will be available as metres of gas and 2mn tonnes of condensate,
before. according to Rosneft.

AfrOil: Eni eyes green, blue hydrogen pro- GLNG: QP strikes yet more supply deals
duction in North Africa State-owned Qatar Petroleum struck two more
Representatives of Italy’s Eni met with Egyp- long-term supply deals over the past week. On July
tian and Algerian officials last week to discuss 7, the company said it had entered into a 15-year
the prospects for green and blue hydrogen pro- LNG sale and purchase agreement with Taiwan’s
duction. One set of discussions took place on CPC for the supply of 1.25mn tonnes per year of
July 7, when Alessandro Puliti, the company’s LNG.
COO for natural resources, spoke with Toufik
Hakkar, the CEO of Algeria’s national oil com- LatAmOil: CGX, Frontera prepare to spud
pany (NOC) Sonatrach, in Algiers. Kawa-1 exploration well
CGX Energy and Frontera Energy are gearing
AsianOil: Pakistan’s gas supply woes deep- up to spud the Kawa-1 exploration well at the
en Corentyne block offshore Guyana. According
Pakistan could face a natural gas shortage in to CGX documents viewed by OilNOW.gy and
September and October, after having reportedly a statement from Frontera, the two Canadian
cancelled a liquefied natural gas (LNG) tender companies intend to begin drilling operations
owing to high spot market prices. The govern- in the first half of August.
ment has refused to buy LNG for more than
$13.79 per mmBtu ($381.43 per 1,000 cubic MEOG: Pipelines and payments
metres), local daily The News International MEOG looks this week at the ongoing asset
reported on July 12, citing unnamed senior offi- monetisation of the world’s largest oil pro-
cials from the Petroleum Division. ducer and a breakthrough budget payment in
Iraq. Saudi Aramco was this week reported to
DMEA: African refining progress have invited banks to pitch for work on a deal
This week’s DMEA looks at the launch of a ten- to monetise its gas pipeline network in much
der to invest in Angola’s flagship refinery and the same way it did for oil. Meanwhile, with
increasing throughput at South Sudan’s latest financial strain rarely out of the headlines in
processing facility. Angolan national oil com- Iraq, good news came by way of a report from
pany Sonangol last week launched a tender Iraq Oil Report that quoted officials in both the
for investment in the long-awaited Lobito oil Federal and KRG administrations as confirm-
refinery as a top official said he expects another ing the first transfer of funds from the 2021 state
downstream unit to be on stream in a year’s time. budget.
Meanwhile, the Bentiu joint venture between
South Sudanese Nilepet and Russia’s Rafinat is NorthAmOil: Chevron reportedly considers
working to raise throughput at its refinery near closing Pasadena refinery unit
Juba in the African country’s Unity State. Chevron is reported to be considering per-
manently shutting down the fluidic catalytic
EurOil: Shell offers shareholders more cracker (FCC) at its 112,229 barrel per day (bpd)
Shareholders at Royal Dutch Shell are set to refinery on the Houston Ship Channel in Pas-
reap the rewards of a recent rally in crude oil adena, Texas. The move is being considered as
prices, with the oil major confirming on July part of a possible reconfiguration of the plant,
7 it would boost shareholder distributions to sources familiar with the matter told Reuters
between 20% and 30% of cash flow from its last week.
operations. The increase in rewards will begin
when Shell unveils its second-quarter results See the archive and sign up to receive NRG Editor’s
on July 29. Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 28 15•July•2021