Page 17 - AfrOil Week 35 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global despite Gazprom’s monopoly status. Rosneft,
(NRG), in which the reader is invited to join though mainlyfocused onoil, has been working
our team of international editors, who provide a for years to build up its natural gas business to
snapshot of some of the key issues affecting their provide a hedge against oil market volatility.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Indonesia approves Tangguh LNG
link for each section the full text will be available expansion, CCUS plan
as before. Indonesian regulator SKK Migas has approved
the development plan for an expansion and a
AsianOil: Pertamina wins regulatory carbon capture, utilisation and storage (CCUS)
approval for Gajah Besar development project at BP’s Tangguh LNG export complex in
Indonesia’s state-owned Pertamina has secured Papua Barat.The plan calls for developing the
regulatory approval for its plan to develop the Ubadari natural gas field and raising output at
Gajah Besar natural gas and condensate field the Vorwata gas field with the use of CCUS.
onshore South Sumatra. SKK Migas planning
deputy Benny Lubiantara said in an August 29 LatAmOil: Petrobras shareholders seek to
statement that Pertamina EP intended to invest narrow scope of 17th Bidding Round
$15.5mn in drilling three development wells. Brazil’s national oil company Petrobrashas been
asked by a group of shareholders to eliminate
DMEA: Kuwait extends CFP contract some of the auctions scheduled to take place on
Kuwait Petroleum Corp.’s downstream-focused October 7. The group in question is Anapetro, an
subsidiary this week extended a project man- associationformed byPetrobrasemployees who
agement consultancy contract for the emirate’s own stock in the NOC. The association urged
recently completed refinery overhaul project. Petrobras to reduce the number of offshore
Meanwhile, Javad Owji has replaced Bijan Zan- blocks in the 17th BiddingRound from92 to78.
ganeh as Iran’s new Oil Minister, following his
proposal for the role last month by incoming MEOG: Iraq back on track
President Ebrahim Raisi. Russia’s Lukoil last week announced that it
intends to increase oil production at the West
EurOil: Wood urges against end to oil Qurna-2 project in southern Iraq, providingsta-
exploration bility for Baghdad as it seeks to increase output
UK oil tycoon Ian Wood has warned that it by 3mn barrels per day by 2027. Meanwhile, the
would be “absolutely crazy” for the UK to call OPEC+ group is unlikely to make any changes
time on oil exploration, adding that such as a pol- to its oil output policy when members meet this
icy would be “detrimental, environmentally.” The week, according to numerous delegates.
UK government faces calls to adopt a tougher
stance towards continued oil and gas extraction, NorthAmOil: Hurricane Ida disrupts Gulf
with the head of Labour opposition party Sir Keir operations
Starmer recently urging a “hard-edged timeta- ProductionintheUS GulfofMexico and coastal
ble” to be set for ceasing production. downstream operations alike were severely dis-
rupted by Hurricane Ida this week, which made
FSU OGM: Sechin pushes for access to landfall in Louisiana as a Category 4 hurricane
European gas market on August 29. According to the US Bureau of
Russia’s most influential oilman Igor Sechin, Safety and Environmental Enforcement(BSEE),
the head of state-owned Rosneft, is once again 94.6% of Gulf oil production and 93.6% of gas
seeking permission to export gas by pipeline, output had been shut in as of August 30. ™

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Week 35 01•September•2021 www. NEWSBASE .com P17