Page 14 - AsianOil Week 35 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global monopoly over these supplies, Kommersant
(NRG), in which the reader is invited to join reported on August 27. Rosneft, though mainly
our team of international editors, who provide a focused on oil, has been working for years to
snapshot of some of the key issues affecting their build up its natural gas business, to provide a
regional beats. We hope you will like NRG's new hedge against oil market volatility.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Indonesia OKs Tangguh plan
as before. INDONESIAN regulator SKK Migas has
approved the development plan for an
AfrOil: AfDB upbeat over Mozambique LNG expansion and a carbon capture, utilisation
AKINWUMI Adesina, the president of the and storage (CCUS) project at BP’s Tangguh
African Development Bank (AfDB), has said LNG export complex in Papua Barat. The
he believes that TotalEnergies (France) will be plan involves the development of the Uba-
able to resume work on the Mozambique LNG dari natural gas field, as well as output being
in about 12-18 months. Adesina indicated last raised at the Vorwata gas field thanks to the
week that he expected security conditions in use of CCUS.
Cabo Delgado, Mozambique’s northernmost
province, to improve following the deployment LatAmOil: Petrobras shareholders seek
of troops from Rwanda and from member states narrower bid round
of the Southern African Development Commu- BRAZIL’S national oil company Petrobras has
nity (SADC). been asked by a group of shareholders to elim-
inate more auctions scheduled to take place on
DMEA: Kuwait extends CFP contract October 7. The group in question is Anapetro,
THIS week’s DMEA looks at Kuwait’s move to an association formed by Petrobras employees
extend a consultancy contract following pro- who own stock in the NOC. In a public letter, the
ject overruns at a key refining development and association urged Petrobras to reduce the num-
Iran’s appointment of a new oil minister. Kuwait ber of offshore blocks in the 17th Bidding Round
Petroleum Corp.’s downstream-focused subsid- from 92 to 78.
iary this week extended a project management
consultancy contract for the emirate’s recently MEOG: Iraq back on track
completed refinery overhaul project. Mean- THIS week’s MEOG looks at Lukoil’s re-com-
while, Javad Owji has replaced Bijan Zanganeh mitment to its main asset in Iraq and reports
as Iran’s new Oil Minister, following his proposal about a change in OPEC+ direction at its Sep-
for the role last month by incoming President tember meeting. Russia’s Lukoil last week
Ebrahim Raisi. announced that it intends to increase oil pro-
duction at the West Qurna-2 project in southern
Euroil: Wood urges against end to oil ex- Iraq, providing stability for Baghdad as it seeks
ploration to increase output by 3mn barrels per day by
UK oil tycoon Ian Wood has warned that it 2027. Meanwhile, the OPEC+ group is unlikely
would be “absolutely crazy” for the UK to call to make any changes to its oil output policy when
time on oil exploration, adding that such as a pol- members meet this week, according to numer-
icy would be “detrimental, environmentally.” The ous delegates.
UK government faces calls to adopt a tougher
stance towards continued oil and gas extrac- NorthAmOil: Hurricane Ida disrupts Gulf
tion, with the head of Labour opposition party operations
Sir Keir Starmer recently urging a “hard-edged PRODUCTION in the US Gulf of Mexico
timetable” to be set for ceasing production. and coastal downstream operations alike were
severely disrupted by Hurricane Ida this week,
FSU OGM: Sechin pushes for access to Eu- which made landfall in Louisiana as a Cate-
ropean gas market gory 4 hurricane on August 29. According to
RUSSIA’S most influential oilman Igor Sechin, the US Bureau of Safety and Environmental
head of state oil group Rosneft, is once again Enforcement (BSEE), 94.6% of Gulf oil pro-
pushing the government to allow the company duction and 93.6% of gas output had been shut
to export gas by pipeline, in spite of Gazprom’s in as of August 30.™

P14 www. NEWSBASE .com Week 35 02•September•2021