Page 17 - LatAmOil Week 50 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Ben van Beurden and CFO Jessica Uhl, and
(NRG), in which the reader is invited to join Shell’s board and executive committee meetings
our team of international editors, who provide a will also take place in the UK from now on.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: European gas prices continue
concise format, but by clicking on the headline to climb
link for each section the full text will be available Europe could face rolling blackouts and heating
as before. outages this year if the worst predictions are to be
believed, amid worryingly low levels of storage,
AfrOil: Ugandan MPs approve EACOP supply constraints and escalating tensions at the
Special Provisions Bill 2021 border of Russia and Ukraine. The January gas
Uganda moved one step closer towards launch- delivery contract at the Dutch TTF hub was up
ing commercial hydrocarbon production last nearly 7% in early trading on December 13 at
week, when members of Parliament approved a €113 ($127) per MWh.
bill designed to facilitate the construction of the
East African Crude Oil Pipeline (EACOP). Leg- GLNG: Excelerate begins deliveries to
islators debated all sections of the draft law, Bahia LNG
known as the EACOP Special Provisions Bill Excelerate Energy announced on December
2021, on December 8. 8 that it had begun receiving gas deliveries at
Brazil’s Bahia LNG import terminal in Salva-
AsianOil: Senex agrees to Posco takeover dor, Bahia State. The company took control of
Australia’s Senex Energy has agreed to be the Bahia terminal last week after signing a lease
acquired by Posco International, the trading agreement in September, having already been
arm of South Korean steelmaker Posco, for providing regasification services at Brazilian
AUD852.1mn ($606.8mn). Senex approved the regasification facilities since 2012.
deal after Posco raised its offer for a third time, to
AUD4.60 ($3.30) per share. MEOG: Iraq turns to Majnoon
Iraq’s Oil Minister Ihsan Abdul Jabbar this week
DMEA: ADNOC ammonia and NNPC attended a ceremony at the Majnoon oilfield and
spending expressed optimism about the asset’s future as
Japan’s Idemitsu this week said it had received the country seeks to drive a significant increase
the first shipment of blue ammonia from Abu in national oil production. Meanwhile, the ser-
Dhabi National Oil Co. (ADNOC) following a vices arm of Petroleum Development Oman
deal in August. Meanwhile, Nigerian National (PDO) this week signed its first commercial
Petroleum Corp. (NNPC) has disclosed its contract, to carry out an onshore seismic survey
refining expenditures for the January-October in Block 56 for Swedish operator Tethys Oil.
period.
NorthAmOil: Suncor, Cenovus to ramp up
EurOil: Shell shareholders back move to spending in 2022
London Canadian oil sands giants Suncor Energy and
Shareholders at Shell have overwhelmingly Cenovus Energy have both said that they intend
backed plans to relocate the company’s head- to raise their capital expenditure and production
quarters and tax residence from the Netherlands in 2022. The moves appear to be a bet that oil
to the UK, as well as make changes to the Anglo- prices will continue to recover from last year’s
Dutch major’s shareholder structure. The move lows, to which they crashed following the onset
to London will involve the relocation of CEO of the coronavirus (COVID-19) pandemic. ™

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Week 50 16•December•2021 www. NEWSBASE .com P17