Page 12 - AsianOil Week 28 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global Far East this year. The discovery, named Ked-
(NRG), in which the reader is invited to join erginskoye, has had its reserves booked at 40bn
our team of international editors, who provide a cubic metres of gas and 2mn tonnes of conden-
snapshot of some of the key issues affecting their sate, according to Rosneft.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: QP strikes yet more supply deals
link for each section the full text will be available STATE-OWNED Qatar Petroleum struck two
as before. more long-term supply deals over the past week.
On July 7, the company said it had entered into a
AfrOil: Eni eyes North African hydrogen 15-year LNG sale and purchase agreement with
REPRESENTATIVES of Italy’s Eni met with Taiwan’s CPC for the supply of 1.25mn tonnes
Egyptian and Algerian officials last week to dis- per year of LNG.
cuss the prospects for green and blue hydrogen
production. One set of discussions took place on LatAmOil: CGX, Frontera to spud Kawa-1
July 7, when Alessandro Puliti, the company’s CGX Energy and Frontera Energy are gearing
COO for natural resources, spoke with Toufik up to spud the Kawa-1 exploration well at the
Hakkar, the CEO of Algeria’s national oil com- Corentyne block offshore Guyana. According
pany (NOC) Sonatrach, in Algiers. to CGX documents viewed by OilNOW.gy and
a statement from Frontera, the two Canadian
DMEA: African refining progress companies intend to begin drilling operations
THIS week’s DMEA looks at the launch of a in the first half of August.
tender to invest in Angola’s flagship refinery
and increasing throughput at South Sudan’s MEOG: Pipelines and payments
latest processing facility. Angolan national oil MEOG looks this week at the ongoing asset
company Sonangol last week launched a tender monetisation of the world’s largest oil pro-
for investment in the long-awaited Lobito oil ducer and a breakthrough budget payment
refinery as a top official said he expects another in Iraq. Saudi Aramco was this week reported
downstream unit to be on stream in a year’s time. to have invited banks to pitch for work on a
Meanwhile, the Bentiu joint venture between deal to monetise its gas pipeline network in
South Sudanese Nilepet and Russia’s Rafinat is much the same way it did for oil. Meanwhile,
working to raise throughput at its refinery near with financial strain rarely out of the headlines
Juba in the African country’s Unity State. in Iraq, good news came by way of a report
from Iraq Oil Report that quoted officials in
Euroil: Shell offers shareholders more both the Federal and KRG administrations as
SHAREHOLDERS at Royal Dutch Shell are confirming the first transfer of funds from the
set to reap the rewards of a recent rally in crude 2021 state budget.
oil prices, with the oil major confirming on
July 7 it would boost shareholder distributions NorthAmOil: Chevron mulls refinery closure
to between 20% and 30% of cash flow from its CHEVRON is reported to be considering per-
operations. The increase in rewards will begin manently shutting down the fluidic catalytic
when Shell unveils its second-quarter results on cracker (FCC) at its 112,229 barrel per day
July 29. (bpd) refinery on the Houston Ship Channel
in Pasadena, Texas. The move is being con-
FSU OGM: Rosneft finds gas in Far East sidered as part of a possible reconfiguration
RUSSIAN oil giant Rosneft has reported its sec- of the plant, sources familiar with the matter
ond gas find in the remote Yakutia region in the told Reuters last week.™

P12 www. NEWSBASE .com Week 28 15•July•2021