Page 13 - AsianOil Week 39 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global Mark Gyetvay, has been arrested in the US on
(NRG), in which the reader is invited to join tax charges relating to $93mn that was hidden
our team of international editors, who provide a in offshore accounts. Gyetvay played a key role
snapshot of some of the key issues affecting their in arranging financing for Novatek’s ambitious
regional beats. We hope you will like NRG's new $27bn Yamal LNG export project in the Russian
concise format, but by clicking on the headline Arctic, which came online in December 2017.
link for each section the full text will be available
as before. GLNG: Cheniere receives green light to intro-
duce feed gas to Sabine Pass Train 6
AfrOil: Eni launches Cabaça North at Block US LNG giant Cheniere Energy has been given
15/06 the go-ahead by regulators to introduce feed gas
ITALY’S Eni has launched the Cabaça North to Train 6 at its Sabine Pass export terminal in
development project at Block 15/06 offshore Louisiana. The US Federal Energy Regulatory
Angola. In a statement, the Italian major said Commission approved Cheniere’s September
it had begun extracting crude oil from Cabaça 15 request to introduce feed gas last week.
North, a field in the eastern section of its
licence area. LatAmOil: Ecuador funds new transmis-
sion system for oil sector
DMEA: Jazan deal and refining fears THE government of Ecuador will make funds
IN this week’s DMEA, we look at the finalisation available to private companies for the construc-
of a deal to finance a major Saudi power project tion of $1.9bn worth of new energy facilities,
and warnings about the future of South African including a new transmission system for the oil
refining. Saudi Aramco, Air Products, ACWA sector. The funds will enable companies to build
Power and Air Products Qudra announced this and operate new power plants, Energy Minister
week that they had signed ‘definitive’ agreements Juan Carlos Bermeo said last week.
to acquire the assets and finance their planned
joint venture in Jazan Economic City. Mean- MEOG: Drilling IPO and LTAs
while, the South African Petroleum Industry THIS week’s MEOG looks at the successful
Association this week warned that the country’s IPO of the region’s largest drilling company
remaining refineries could become obsolete and contracts for work offshore Saudi Arabia.
within two years without financial support. Abu Dhabi National Oil Co. completed the
initial public offering of its drilling unit this
EurOil: Groningen to close as planned week in a sale that was more than 30 times
THE Netherlands will end gas production at the oversubscribed. Meanwhile, US-based engi-
giant quake-causing Groningen gas field next neering firm McDermott is understood to be
year as planned, despite calls for it to boost flow leading the race among prequalified bidders
amid the unprecedented supply crunch on the for several offshore oilfield services contracts
European gas market. Output at Groningen is from Saudi Aramco.
due to be slashed by more than 50% in the gas
year beginning October 1, 2021, to just 3.9bn NorthAmOil: PennEast Pipeline stops de-
cubic metres, before ceasing regular production velopment
altogether. PENNEAST Pipeline said this week that it would
stop developing its proposed pipeline from
FSUOGM: Novatek deputy chairman faces Pennsylvania to New Jersey. The company said
US tax charges PennEast was being scrapped because it had not
THE deputy chairman of Russia’s second-larg- yet received all of its required permits, including
est gas producer Novatek, Florida businessman a water quality certification in New Jersey.™

Week 39 30•September•2021 www. NEWSBASE .com P13