Page 16 - AfrOil Week 47 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Schwedt refinery in the country’s north-east.
(NRG), in which the reader is invited to join Rosneft said on November 17 it had exercised its
our team of international editors, who provide a pre-emptive right for a 37.5% stake in the refin-
snapshot of some of the key issues affecting their ery, bolstering its share to 91.7%.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: LNG trade booms ahead of winter
link for each section the full text will be available The global LNG trade is booming ahead of the
as before. Northern Hemisphere winter. The leading buy-
ers in the world – China, Japan and South Korea
AsianOil: Woodside takes FIDs on – are ramping up imports this month, while in
Scarborough and Pluto LNG 2 the US, LNG exports have reached record highs.
Australia’s largest oil and gas producer Woodside The boom in US LNG exports provided some
Energy has made final investment decisions relief to buyers in Europe, who face competi-
(FIDs) for the Scarborough gas field develop- tion from Asia as they scramble to replenish gas
ment and the expansion of the Pluto liquefied stockpiles ahead of the winter.
natural gas facility. Woodside announced the
FIDs on November 22, the same day it said it had LatAmOil: Braskem Idesa JV reports US
signed a binding share sale agreement with BHP, ethane imports up in September
a Scarborough project partner, on its merger Braskem Idesa (BI), the Brazilian-Mexican joint
with the mining giant’s oil and gas portfolio. venture that owns the Nanchital petrochemical
complex in Veracruz State, saw ethane import
DMEA: Downstream deals and progress volumes climb to an all-time high in September
Saudi Aramco and India’s Reliance Industries of this year. According to an interim report from
Ltd called off a major downstream deal following Braskem, the Brazilian partner in the joint ven-
years of talks, but the Saudi firm wasted no time ture, BI imported 22,400 barrels per day (bpd) of
in opening discussions with another Indian state ethane from the US in the month of September.
giant for crude offtake. Meanwhile, National Ira-
nian Oil Co. (NIOC) said that it expects to bring MEOG: A flurry of contract awards
the first gas sweetening train of the South Pars The Italian engineering, procurement and con-
development project’s final refining phase into struction specialist Saipem was awarded a deal
operation in January 2022. by Turkish Petroleum (TPAO) to lay a 175-km
pipeline tying back the offshore Sakarya gas field
EurOil: Shell leaves the Netherlands to the Turkish mainland. Meanwhile, Abu Dhabi
Royal Dutch Shell has announced unexpectedly National Oil Co. (ADNOC) last week awarded
on November 15 it would be moving its tax res- $1.46bn worth of EPC deals for the development
idency from the Netherlands to the UK, while of the offshore Dalma gas field.
also simplifying its shareholder structure. The
company will also move its head office to the UK, NorthAmOil: US confirms co-ordinated
and hold board and committee meetings there. SPR release
The move will be co-ordinated with China,
FSU OGM: Rosneft expands in German India, South Korea, Japan and the UK in a bid
refining sector to provide relief from oil prices that recently
Russian oil giant Rosneft has announced it reached their highest level in seven years. The
is expanding its German refining footprint initiative comes after the OPEC+ group has
through the purchase of Royal Dutch Shell’s ignored repeated calls to reduce crude prices by
minority stake in the 230,000 barrel per day PCK releasing more oil into the market. ™

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P16 www. NEWSBASE .com Week 47 24•November•2021