Page 16 - MEOG Week 24 2021
P. 16

MEOG                           NEWSBASE ROUNDUP GLOBAL (NRG)                                           MEOG


       NewsBase Roundup Global (NRG)










        NRG              WELCOME to NewsBase’s Roundup Global  announced on June 10, after a bombshell ruling
                         (NRG), in which the reader is invited to join  by a Dutch court last month.
                         our team of international editors, who provide a   Shell set some of the most ambitious targets
                         snapshot of some of the key issues affecting their  in the oil industry earlier this year, vowing to
                         regional beats.                      reduce the net carbon intensity of its products
                           We hope you will like NRG’s new concise for-  by 6-8% by 2023, 20% by 2030, 45% by 2035 and
                         mat, but by clicking on the headline link for each  100% by 2050, using its emissions in 2016 as a
                         section the full text will be available as before.  baseline.
                         AfrOil: Firms in line for Ugandan contract  FSUOGM: Rosneft attracts Vostok investors
                         US-based McDermott International has joined  Russian oil giant Rosneft has brought on board
                         forces with Sinopec International Petroleum  two more traders for its Vostok Oil megaproject
                         Service Corp. (SIPSC), a subsidiary of Chi-  in the Russian Arctic, the state-owned producer
                         na’s Sinopec, to provide support services at the  announced on June 10.
                         Tilenga oilfield in Uganda. The consortium part-  Rosneft sold a 10% stake in the project, which
                         ners have received a conditional letter of award  comprises a cluster of large oil and gas fields in
                         (LoA) from TotalEnergies (France), the operator  the north of the Krasnoyarsk region, to com-
                         of Tilenga, and hope to sign a contract once all  modities trader Trafigura in December.
                         the shareholders in the upstream project reach
                         agreement.                           GLNG: IOCs bid for Qatar LNG expansion
                                                              Six leading international oil companies (IOCs)
                         AsianOil: Australia backs oil, gas sector  have reportedly submitted bids to participate
                         Australian Prime Minister Scott Morrison has  in Qatar’s giant LNG expansion project. Citing
                         pledged that the oil and gas sector will “always”  industry sources familiar with the matter, Reu-
                         be a pillar of the economy, even as domestic  ters reported that the companies had submitted
                         investment in clean energy alternatives grows.  bids for participation in the nearly $30bn expan-
                           Morrison, during a video address to Aus-  sion project on May 24.
                         tralian Petroleum Production and Exploration
                         Association’s (APPEA) annual conference in  LatAmOil: T&T eyes green H2 production
                         Perth on June 15, said: “The oil and gas sector  Trinidad and Tobago is looking into the possi-
                         is a major contributor to Australia’s prosperity –  bility of diversifying into hydrogen production,
                         always has, will always be.”         Prime Minister Keith Rowley said last week.
                                                              In an opening address for a conference hosted
                         DMEA: Iraq’s ambition and moving Gwadar  by the Trinidad and Tobago Energy Chamber,
                         DMEA this week looks at the progress made by  Rowley pointed out hydrogen fuel could play an
                         Iraq on improving its refining sector and Saudi  important role in reducing carbon emissions.
                         Arabia’s decision to move a planned refinery in
                         Pakistan.                            NorthAmOil: Shell weighing Permian sale
                           Iraq’s Ministry of Oil announced the partial  Royal Dutch Shell is reportedly weighing a sale
                         rehabilitation of the Salah al-Din refinery and  of some or all of its assets in the US’ Permian
                         completion of projects to increase fuel output.  Basin. Citing sources familiar with the matter,
                         Meanwhile, Saudi Arabia has said it will no  Reuters reported on June 13 that the super-ma-
                         longer build an oil refinery at Pakistan’s deep-  jor was reviewing its holdings in the basin,
                         water port of Gwadar in Balochistan Province,  which accounted for roughly 6% of its total oil
                         shifting the facility to Karachi alongside a new  and gas output last year.
                         petrochemical complex.                 Civitas Resources, which itself is currently in
                                                              the process of being formed through the merger
                         EurOil: Shell reacts to Dutch ruling  of Bonanza Creek Energy and Extraction Oil &
                         Royal Dutch Shell will fast-track its energy  Gas, has agreed this week to acquire Crestone
                         transition strategy, CEO Ben van Beurden  Peak Resources.™

                                               See the archive and sign up to
                                              receive *NRG Editor’s Picks* for
                                                free by email each week here







       P16                                      www. NEWSBASE .com                           Week 24   16•June•2021
   11   12   13   14   15   16   17