Page 17 - LatAmOil Week 28 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global that it would boost shareholder distributions
(NRG), in which the reader is invited to join to between 20% and 30% of cash flow from its
our team of international editors, who provide a operations. The increase in rewards is scheduled
snapshot of some of the key issues affecting their to begin when Shell unveils its second-quarter
regional beats. We hope you will like NRG’s new results on July 29.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Rosneft finds more gas in Far
as before. East
Russian oil giant Rosneft has reported its second
AfrOil: Eni eyes green, blue hydrogen gas find in the remote Yakutia region in the Far
production in North Africa East this year. The discovery, named Kedergin-
Representatives of Italy’s Eni met with Egyptian skoye, has had its reserves booked at 40bn cubic
and Algerian officials last week to discuss the metres of gas and 2mn tonnes of condensate,
prospects for green and blue hydrogen produc- according to Rosneft.
tion. One set of discussions took place on July 7,
when Alessandro Puliti, the company’s COO for GLNG: QP strikes yet more supply deals
natural resources, spoke with Toufik Hakkar, the State-owned Qatar Petroleum struck two more
CEO of Algeria’s national oil company (NOC) long-term supply deals over the past week. On
Sonatrach, in Algiers. July 7, the company said it had entered into a
15-year LNG sale and purchase agreement with
AsianOil: Pakistan’s gas supply woes Taiwan’s CPC for the supply of 1.25mn tonnes
deepen per year of LNG.
Pakistan could face a natural gas shortage in
September and October, after having reportedly MEOG: Pipelines and payments
cancelled a liquefied natural gas (LNG) tender MEOG looks this week at the ongoing asset
owing to high spot market prices. The govern- monetisation of the world’s largest oil producer
ment has refused to buy LNG for more than and a breakthrough budget payment in Iraq.
$13.79 per mmBtu ($381.43 per 1,000 cubic Saudi Aramco was this week reported to have
metres), local daily The News International invited banks to pitch for work on a deal to
reported on July 12, citing unnamed senior offi- monetise its gas pipeline network in much the
cials from the Petroleum Division. same way it did for oil. Meanwhile, with financial
strain rarely out of the headlines in Iraq, quoted
DMEA: African refining progress officials in both the Federal and KRG admin-
Angolan national oil company Sonangol last istrations have confirmed the first transfer of
week launched a tender for investment in the funds from the 2021 state budget.
long-awaited Lobito oil refinery as a top official
said he expects another downstream unit to be NorthAmOil: Chevron reportedly considers
on stream in a year’s time. Meanwhile, the Ben- closing Pasadena refinery unit
tiu JV between South Sudan’s Nilepet and Rus- Chevron is reportedly considering permanently
sia’s Rafinat is working to raise throughput at its shutting down the fluidic catalytic cracking
refinery near Juba in Unity State. (FCC) unit of its 112,229 barrel per day (bpd)
refinery on the Houston Ship Channel in Pas-
EurOil: Shell offers shareholders more adena, Texas. The move is being considered as
Shareholders at Royal Dutch Shell are set to part of a possible reconfiguration of the plant,
reap the rewards of a recent rally in crude oil sources familiar with the matter told Reuters last
prices, with the oil major confirming on July 7 week. ™

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Week 28 15•July•2021 www. NEWSBASE .com P17