Page 18 - AfrOil Week 44 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global President Vladimir Putin, where the two men
(NRG), in which the reader is invited to join noted that European gas storage utilisation was
our team of international editors, who provide a at an unusually low level for this time of year.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Saipem sees Mozambique LNG
concise format, but by clicking on the headline project restarting in mid-2022
link for each section the full text will be available Italian energy services provider Saipem said on
as before. October 28 that it expects work on the Mozam-
bique LNG project, which was put on hold this
AsianOil: Santos, Beach reach FID on year for security reasons, to restart around mid-
Moomba CCS 2022. Saipem’s chief financial officer, Antonio
Santos and Beach Energy have reached a final Pacioretti, has indicated that he does not expect
investment decision on their $165mn Moomba the project to make any significant contributions
carbon capture and storage project in South to his company’s performance in 2021.
Australia. Santos said on November 1 that the
project, which it operates with a 66.7% interest LatAmOil: ExxonMobil reports another
while Beach holds the remainder, was slated to disappointment at Canje block
start up in 2024. Esso Exploration & Production Guyana Ltd
(EEPGL), a subsidiary of ExxonMobil, has
DMEA: Zarqa expansion, Duqm update reportedly completed its third exploration well
Jordan Petroleum Refinery Co. (JoPetrol) this at the Canje block offshore Guyana without
week announced that it had received bids from discovering commercial hydrocarbon reserves.
engineering firms for a contract to expand the According to JHI Associates, a non-operating
country’s Zarqa refinery under the so-called partner in the Canje project, the Sapote-1 well
Project Petra. In other news, Oman’s flagship was drilled in 2,549-metre-deep water and sunk
Duqm refinery is now on course for commis- to a total depth of 6,758 metres.
sioning during the first quarter of 2023, with
project completion now having reached 87%. MEOG: Aramco results and Iraq deals
Saudi Aramco’s third-quarter reports shows net
EurOil: Shell resists break-up call income of $30.4bn, up 158% year on year. This
Royal Dutch Shell has rejected a call by an activ- puts it back at the top of the list of the world’s
ist shareholder to break up the oil major, argu- most profitable companies. Meanwhile, Iraqi
ing that the company works better as a united Oil Minister Ihsan Abdul Jabbar has said that the
entity. Third Point, owned by billionaire activist government will sign billions of dollars worth of
investor Daniel Loeb, has accumulated a stake gas, renewables, water and petrochemicals deals
valued at nearly $750mn in Shell, and is seeking with Saudi Arabia before the end of its term.
its break-up.
NorthAmOil: North American producers
FSU OGM: Gazprom building up domestic report improved performances
gas stockpiles The earnings season is in full swing, and a grow-
Russia’s Gazprom expects to finish stockpiling ing number of North American producers is
gas at its Russian storage sites on November 8, reporting stronger performances thanks to com-
CEO Alexei Miller said on October 27, after modity prices being at multi-year highs. Among
which it will shift its focus to filling its sites else- those reporting stronger performances are
where in Europe. Miller was discussing the situa- super-majors Chevron and ExxonMobil, which
tion on the gas market in a meeting with Russian posted their highest quarterly profits in years. ™

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P18 www. NEWSBASE .com Week 44 03•November•2021