Page 17 - MEOG Week 46 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Luxembourg, Austria and Portugal, the coun-
(NRG), in which the reader is invited to join tries said that including nuclear power in the
our team of international editors, who provide a proposed EU taxonomy would permanently
snapshot of some of the key issues affecting their damage the regulation’s “integrity, credibility and
regional beats. therefore its usefulness.”
We hope you enjoy NRG’s new concise for-
mat, but by clicking on the headline link for each FSUOGM: Sechin warns of super cycle
section the full text will be available as before. Russia’s state-owned Rosneft followed other oil
and gas majors in reporting a surge in profits in
AfrOil: Talks resume on Tanzania LNG the third quarter on the back of higher prices,
Tanzania’s Energy Minister January Makamba with its CEO Igor Sechin predicting a “super
confirmed last week that his country’s govern- cycle” in energy markets would drive prices
ment had resumed talks with several IOCs on higher as demand recovers.
the Tanzania LNG project. Rosneft’s EBITDA came in at $8.7bn in the
Makamba made his announcement in a pair three-month period, up 13% quarter on quarter,
of Twitter posts dated November 8 and said he while net income rose by 38.7% to $4.3bn.
expected this large-scale initiative to benefit the
country. GLNG: Details of Cheniere deal disclosed
Leading US LNG producer Cheniere Energy
AsianOil: Petronas’s CCUS agreements struck a deal to supply the super-chilled fuel
Malaysia’s state-owned Petronas has signed a to France’s Engie earlier this year, according to
number of agreements this month with interna- a letter to the US Department of Energy (DoE)
tional partners that focus on developing CCUS whose details have now been made public.
technology. The deal is notable because last year Engie
Petronas has signed an MoU with Baker pulled out of talks over a potential supply deal
Hughes to collaborate on “technological devel- with another US firm, NextDecade, having
opments supporting energy transition”, among reportedly come under pressure from the French
other things, the state major announced on government not to buy LNG produced from
November 16. shale gas.
DMEA: Borouge Expansion Announced LatAmOil: FPSO discussed for Stabroek
Abu Dhabi National Oil Co. (ADNOC) this US-based ExxonMobil is reportedly in discus-
week signed a $6.2bn investment agreement sions with the Dutch contractor SBM Offshore
with Austria-based Borealis for the Borouge on the construction of a fourth FPSO vessel
joint venture’s fourth facility in the UAE’s Ruwais for installation at the Stabroek block offshore
downstream hub. Guyana.
Meanwhile, Israeli Energy Minister Karine Two sources close to the matter told Reuters
Elharrar this week called for the cancellation on last week that the parties had already begun
environmental grounds of a deal to develop an negotiations.
oil transmission project to pipe Emirati oil from
the Red Sea directly to the Mediterranean. NorthAmOil: Freeport LNG’s CCS plan
Freeport LNG Development announced this
EurOil: Germany hits back against nuclear week that it had executed a letter of intent (LoI)
Disagreements over which fuels the EU should with Talos Energy to jointly develop a CCS facil-
recognise as sustainable are heating up, with ity to serve the Freeport liquefaction terminal on
Germany and four other member states on the Texas Gulf Coast.
November 11 warning against the inclusion of The announcement about the FLNG CCS
nuclear energy. project came a day after Global Infrastructure
In a joint statement issued by the envi- Partners (GIP) said that it was selling its 25.7%
ronment ministers of Germany, Denmark, stake in Freeport to Japan’s JERA for $2.5bn.™

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