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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.
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P16 www. NEWSBASE .com Week 24 16•June•2021