Page 13 - GLNG Week 24 2021

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Rosneft attracts more investors
(NRG), in which the reader is invited to join at Vostok Oil
our team of international editors, who provide a Russian oil giant Rosneft has brought on board
snapshot of some of the key issues affecting their two more traders for its Vostok Oil megaproject
regional beats. We hope you will like NRG’s new in the Russian Arctic, the state-owned producer
concise format, but by clicking on the headline link announced on June 10. Rosneft sold a 10% stake
for each section the full text will be available as in the project, which comprises a cluster of large
before. oil and gas fields in the north of the Krasno-
yarsk region, to commodities trader Trafigura
AfrOil: McDermott, Sinopec on track to win in December.
$2bn Ugandan contract
US-based McDermott International has joined GLNG: IOCs reportedly bid to participate in
forces with Sinopec International Petroleum Qatar’s LNG expansion
Service Corp. (SIPSC), a subsidiary of Chi- Six leading international oil companies (IOCs)
na’s Sinopec, to provide support services at the have reportedly submitted bids to participate
Tilenga oilfield in Uganda. The consortium part- in Qatar’s giant LNG expansion project. Citing
ners have received a conditional letter of award industry sources familiar with the matter, Reuters
(LoA) from TotalEnergies (France), the operator reported that the companies had submitted bids
of Tilenga, and hope to sign a contract once all for participation in the nearly $30bn expansion
the shareholders in the upstream project reach project on May 24.
agreement.
LatAmOil: Trinidad and Tobago eyes green
AsianOil: Australian government backs oil, hydrogen production
gas sector Trinidad and Tobago is looking into the pos-
Australian Prime Minister Scott Morrison has sibility of diversifying into hydrogen produc-
pledged that the oil and gas sector will “always” tion, Prime Minister Keith Rowley said last
be a pillar of the economy, even as domestic week. In an opening address for a conference
investment in clean energy alternatives grows. hosted by the Trinidad and Tobago Energy
Morrison, during a video address to Australian Chamber, Rowley pointed out hydrogen fuel
Petroleum Production and Exploration Associ- could play an important role in reducing car-
ation’s (APPEA) annual conference in Perth on bon emissions.
June 15, said: “The oil and gas sector is a major
contributor to Australia’s prosperity – always MEOG: Aramco deal and TAQA interest
has, will always be.” In this week’s MEOG, Gulf deal-making con-
tinues to garner attention, with Saudi Aramco
DMEA: Iraq refining and Gwadar cancel- completing a $6bn sukuk and Chinese interest
lation in the UAE’s TAQA. Aramco last week raised
DMEA this week looks at the progress made by $6bn via its first dollar-denominated sukuk in
Iraq on improving its refining sector and Saudi three tranches, attracting orders with a com-
Arabia’s decision to move a planned refinery in bined value of more than $60bn as it surpassed
Pakistan. Iraq’s Ministry of Oil announced the the reported sukuk target of $5bn. Elsewhere,
partial rehabilitation of the Salah al-Din refin- state-owned China Southern Power Grid Co.
ery and completion of projects to increase fuel (CSG) is reported to be in discussions with
output. Meanwhile, Saudi Arabia has said it will banks as it seeks to acquire a 10% stake in
no longer build an oil refinery at Pakistan’s deep- UAE utility Abu Dhabi National Energy Co.
water port of Gwadar in Balochistan Province, (TAQA).
shifting the facility to Karachi alongside a new
petrochemical complex. NorthAmOil: Shell reportedly weighing Per-
mian sale
EurOil: Shell reacts to Dutch ruling Royal Dutch Shell is reportedly weighing a sale
Royal Dutch Shell will fast-track its energy of some or all of its assets in the US’ Permian
transition strategy, CEO Ben van Beurden Basin. Citing sources familiar with the matter,
announced on June 10, after a bombshell Reuters reported on June 13 that the super-ma-
ruling by a Dutch court last month. Shell set jor was reviewing its holdings in the basin, which
some of the most ambitious targets in the oil accounted for roughly 6% of its total oil and gas
industry earlier this year, vowing to reduce the output last year.
net carbon intensity of its products by 6-8% by
2023, 20% by 2030, 45% by 2035 and 100% by See the archive and sign up to receive NRG Editor’s
2050, using its emissions in 2016 as a baseline. Picks for free by email each week here.™

Week 24 18•June•2021 www. NEWSBASE .com P13