Page 12 - NorrthAmOil Week 43 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global ($10.2bn) by the end of the year to manage
(NRG), in which the reader is invited to join potential risks, even while it generates record
our team of international editors, who provide a gas revenues on the back of a surge in prices over
snapshot of some of the key issues affecting their recent months.
regional beats. We hope you will like NRG’s new The deputy chairman of Gazprom’s man-
concise format, but by clicking on the headline link agement committee, Famil Sadygov, said the
for each section the full text will be available as fund would provide “necessary budget strength
before. and resistance to volatility in the external
environment.”
AfrOil: Kenya to study LNG-to-power pro-
ject GLNG: Venture Global seeks permission to
Kenya’s national electricity provider has begin Calcasieu Pass commissioning
reportedly chosen US-based K&M Advisors Venture Global LNG has asked US regulators for
as its contractor for a feasibility study of a pro- permission to begin commissioning liquefaction
posed LNG-to-power project. K&M Advisors systems at its Calcasieu Pass LNG export terminal
announced the contract award last week, saying in Louisiana. The company told the US Federal
it had agreed to perform this service for state- Energy Regulatory Commission (FERC) in a fil-
owned Kenya Electricity Generating Co. (Ken- ing last week that the environmental conditions
Gen) over a period of 10-12 months. required to begin commissioning had been met,
and that it was therefore seeking permission to
AsianOil: Australia unveils net zero roadm- proceed.
ap, remains committed to coal, gas
The Australian government has not only laid out LatAmOil: Pemex’s Tula refinery back on-
its plan to achieve carbon neutrality by 2050 but line
has also thrown its support behind the country’s Mexico’s second-largest oil refinery has report-
coal and natural gas producers and exporters. edly resumed regular commercial operations
Australian Prime Minister Scott Morrison after being shut down for several weeks because
unveiled the government’s Long-Term Emis- of protests that blocked railway and road trans-
sions Reduction Plan (LTERP) on October 26, port routes. A source inside Pemex, Mexico’s
describing it as a “credible pathway” to net zero national oil company, told Reuters last week that
by 2050. the 315,000 barrel per day Tula plant, located in
Hidalgo State, was operational once again.
DMEA: Fuels in focus
In this week’s DMEA, Iraq begins sending gas- MEOG: Iranian output and Saudi emissions
oline to Erbil, while Aramco and TotalEnergies This week’s MEOG looks at Iran’s plans to pri-
launch their first two fuel service stations. The oritise the development of the West Karoun oil-
federal government in Baghdad has started field cluster and Saudi net-zero ambitions. The
sending tankers filled with gasoline to the Kurd- National Iranian Oil Co. (NIOC) this week reit-
istan Regional Government (KRG) in Erbil to erated its focus on expanding production from
ease a fuel supply crisis in the semi-autonomous the West Karoun oilfield cluster, targeting $11bn
region. Meanwhile, Saudi Aramco and France’s of budget allocation to add 1mn barrels per day
Total Energies have launched two new fuel ser- of new output.
vice stations in Saudi Arabia under a joint venture Meanwhile, Saudi Arabia announced that it
agreement signed in 2019. would reduce emissions from the Kingdom to
‘net zero’ by 2060, with oil firm Saudi Aramco
EurOil: EU lawmakers back binding meth- also setting an ambitious target for emissions.
ane targets
EU lawmakers have backed imposing binding NorthAmOil: QatarEnergy, ExxonMobil
targets for cutting methane emissions across partner to explore offshore Eastern Canada
multiple sectors, the European Parliament QatarEnergy – recently renamed from Qatar
announced on October 21. In a resolution on Petroleum – has announced that it has signed
the EU’s strategy for cutting methane emissions, an agreement with ExxonMobil to farm into
MEPs voted 563 to 122 in favour of introducing an exploration licence offshore Newfoundland
binding measures and targets on methane abate- and Labrador in Eastern Canada. Exploration
ment in order to significantly reduce emissions Licence 1165A is located in the Flemish Pass
by 2030, in line with Paris goals. Basin, around 450 km east of St John’s, and con-
tains the Hampden prospect in water depths of
FSUOGM: Gazprom to build up $10.2bn around 1,100 metres.
risk fund
Russia’s Gazprom announced on October 19 it See the archive and sign up to receive NRG Editor’s
would build a reserve fund worth RUB726bn Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 43 28•October•2021