Page 15 - AsianOil Week 24 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global in the Russian Arctic, the state-owned producer
(NRG), in which the reader is invited to join announced on June 10. Rosneft sold a 10% stake
our team of international editors, who provide a in the project, which comprises a cluster of large
snapshot of some of the key issues affecting their oil and gas fields in the north of the Krasno-
regional beats. We hope you will like NRG's new yarsk region, to commodities trader Trafigura
concise format, but by clicking on the headline in December.
link for each section the full text will be available
as before. GLNG: IOCs reportedly bid to participate in
Qatar’s LNG expansion
AfrOil: McDermott, Sinopec to win Ugandan SIX leading international oil companies (IOCs)
contract have reportedly submitted bids to participate
US-BASED McDermott International has in Qatar’s giant LNG expansion project. Citing
joined forces with Sinopec International Petro- industry sources familiar with the matter, Reu-
leum Service Corp. (SIPSC), a subsidiary of Chi- ters reported that the companies had submitted
na’s Sinopec, to provide support services at the bids for participation in the nearly $30bn expan-
Tilenga oilfield in Uganda. The consortium part- sion project on May 24.
ners have received a conditional letter of award
(LoA) from TotalEnergies (France), the operator LatAmOil: Trinidad and Tobago eyes green
of Tilenga, and hope to sign a contract once all hydrogen production
the shareholders in the upstream project reach TRINIDAD and Tobago is looking into the pos-
agreement. sibility of diversifying into hydrogen production,
Prime Minister Keith Rowley said last week. In
DMEA: Iraq refining, Gwadar cancellation an opening address for a conference hosted by
DMEA this week looks at the progress made by the Trinidad and Tobago Energy Chamber,
Iraq on improving its refining sector and Saudi Rowley pointed out hydrogen fuel could play an
Arabia’s decision to move a planned refinery in important role in reducing carbon emissions.
Pakistan. Iraq’s Ministry of Oil announced the
partial rehabilitation of the Salah al-Din refin- MEOG: Aramco deal, TAQA interest
ery and completion of projects to increase fuel IN this week’s MEOG, Gulf deal-making con-
output. Meanwhile, Saudi Arabia has said it will tinues to garner attention, with Saudi Aramco
no longer build an oil refinery at Pakistan’s deep- completing a $6bn sukuk and Chinese interest in
water port of Gwadar in Balochistan Province, the UAE’s TAQA. Aramco last week raised $6bn
shifting the facility to Karachi alongside a new via its first dollar-denominated sukuk in three
petrochemical complex. tranches, attracting orders with a combined
value of more than $60bn as it surpassed the
Euroil: Shell reacts to Dutch ruling reported sukuk target of $5bn. Elsewhere, state-
ROYAL Dutch Shell will fast-track its energy owned China Southern Power Grid Co. (CSG)
transition strategy, CEO Ben van Beurden is reported to be in discussions with banks as it
announced on June 10, after a bombshell ruling seeks to acquire a 10% stake in UAE utility Abu
by a Dutch court last month. Shell set some of Dhabi National Energy Co. (TAQA).
the most ambitious targets in the oil industry
earlier this year, vowing to reduce the net carbon NorthAmOil: Shell reportedly weighing
intensity of its products by 6-8% by 2023, 20% by Permian sale
2030, 45% by 2035 and 100% by 2050, using its ROYAL Dutch Shell is reportedly weighing a
emissions in 2016 as a baseline. sale of some or all of its assets in the US’ Permian
Basin. Citing sources familiar with the matter,
FSU OGM: Rosneft attracts more investors Reuters reported on June 13 that the super-ma-
at Vostok Oil jor was reviewing its holdings in the basin, which
RUSSIAN oil giant Rosneft has brought on board accounted for roughly 6% of its total oil and gas
two more traders for its Vostok Oil megaproject output last year.™

Week 24 17•June•2021 www. NEWSBASE .com P15