Page 17 - MEOG Week 50 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global relocation of CEO Ben van Beurden and CFO
(NRG), in which the reader is invited to join Jessica Uhl, and Shell’s board and executive com-
our team of international editors, who provide a mittee meetings will also take place in the UK
snapshot of some of the key issues affecting their from now on.
regional beats.
We hope you enjoy NRG’s new concise for- FSUOGM: Euro gas prices continue climb
mat, but by clicking on the headline link for each Europe could face rolling blackouts and heating
section the full text will be available as before. outages this year if the worst predictions are to
be believed, amid worryingly low levels of stor-
AfrOil: Ugandan MPs approve EACOP bill age, supply constraints and escalating tensions at
Uganda moved one step closer towards launch- the border of Russia and Ukraine.
ing commercial hydrocarbon production last The January gas delivery contract at the
week, when members of Parliament approved a Dutch TTF hub was up nearly 7% in early trad-
bill designed to facilitate the construction of the ing on December 13 at €113 ($127) per MWh.
East African Crude Oil Pipeline (EACOP).
Legislators debated all sections of the draft GLNG: Excelerate begins Bahia deliveries
law, known as the EACOP Special Provisions Royal Dutch Shell suspended operations at its
Bill 2021, on December 8. Prelude floating LNG facility offshore Western
Australia after a fire broke out on the vessel last
AsianOil: Senex agrees to Posco takeover week. Media cited company spokespersons as
Australia’s Senex Energy has agreed to be saying that smoke in an electrical utility area had
acquired by Posco International, the trading triggered the automatic fire detection and man-
arm of South Korean steelmaker Posco, for agement system at the facility on December 2,
AUD852.1mn ($606.8mn). allowing the fire to be contained.
Senex approved the deal after Posco raised
its offer for a third time, to AUD4.60 ($3.30) per LatAmOil: Aruba LNG terminal deal agreed
share. US-based Eagle LNG Partners has struck an
agreement with WEB Aruba, the national water
DMEA: ADNOC ammonia arrives in Japan and power provider of Aruba, on the construc-
This week’s DMEA features the first shipment of tion of an LNG regasification terminal at the site
Emirati ammonia to Japanese refiner Idemitsu of an existing oil refinery in San Nicolas.
and an update from NNPC about its refinery The agreement provides for the parties to
rehabilitation spend. work together to build an LNG import and
Idemitsu this week said it had received the regasification facility at the Refineria di Aruba
first shipment of blue ammonia from Abu Dhabi (RdA) plant, which has been idle for some time.
National Oil Co. (ADNOC) following a deal in
August. NorthAmOil: Oilsands firms up spending
Canadian oil sands giants Suncor Energy and
EurOil: Shell vote backs London move Cenovus Energy have both said that they intend
Shareholders at Shell have overwhelmingly to raise their capital expenditure and production
backed plans to relocate the company’s head- in 2022.
quarters and tax residence from the Netherlands The moves appear to be a bet that oil prices
to the UK, as well as make changes to the Anglo- will continue to recover from last year’s lows, to
Dutch major’s shareholder structure. which they crashed following the onset of the
The move to London will involve the coronavirus (COVID-19) pandemic.™

See the archive and sign up to
receive *NRG Editor’s Picks* for
free by email each week here

Week 50 15•December•2021 www. NEWSBASE .com P17