Page 19 - MEOG Week 44 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Third Point, owned by billionaire activist
(NRG), in which the reader is invited to join investor Daniel Loeb, has accumulated a stake
our team of international editors, who provide a valued at nearly $750mn in Shell, and is seeking
snapshot of some of the key issues affecting their its break-up.
regional beats.
We hope you enjoy NRG’s new concise for- FSUOGM: Gazprom stockpiling
mat, but by clicking on the headline link for each Russia’s Gazprom expects to finish stockpiling
section the full text will be available as before. gas at its Russian storage sites on November 8,
CEO Alexei Miller said on October 27, after
AfrOil: Local content pessimism in Angola which it will shift its focus to filling its sites else-
Angola’s government has made a number of where in Europe.
efforts to increase local content in oil and gas Miller was discussing the situation on the
projects involving IOCs, but its approach has gas market in a meeting with Russian President
had only limited effect, according to a former Vladimir Putin.
director of the national oil company (NOC)
Sonangol. GLNG: Moz. LNG may restart In mid-2022
Arnaldo Lago de Carvalho, a businessman Italian energy services provider Saipem said on
who previously served on Sonangol’s board of October 28 that it expects work on the Mozam-
directors, said last week that he saw the NOC bique LNG project, which was put on hold
itself as the biggest obstacle to increasing local this year for security reasons, to restart around
content in oil and gas projects. mid-2022.
During a conference call with analysts,
AsianOil: FID taken on Moomba CCS Saipem’s chief financial officer, Antonio
Santos and Beach Energy have reached a final Pacioretti, indicated that he did not expect the
investment decision (FID) on their $165mn project to make any significant contributions to
Moomba carbon capture and storage (CCS) his company’s performance in 2021.
project in South Australia.
Santos said on November 1 that the project, LatAmOil: More disappointment at Canje
which it operates with a 66.7% interest while Esso Exploration & Production Guyana Ltd
Beach holds the remainder, was slated to start (EEPGL), a subsidiary of ExxonMobil (US),
up in 2024. has reportedly completed its third exploration
well at the Canje block offshore Guyana without
DMEA: Zarqa expansion and Duqm update discovering commercial hydrocarbon reserves.
Jordan Petroleum Refinery Co. (JoPetrol) this According to JHI Associates, a non-operating
week announced that it had received bids from partner in the Canje project, the Sapote-1 well
engineering firms for a contract to expand the was drilled in 2,549-metre-deep water and sunk
country’s Zarqa refinery under the so-called to a total depth of 6,758 metres.
Project Petra.
Meanwhile, Oman’s flagship Duqm refinery NorthAmOil: Uptick for American firms
is now on course for commissioning during the The earnings season is in full swing, and a grow-
first quarter of 2023, with project completion ing number of North American producers is
now having reached 87%. reporting stronger performances thanks to
commodity prices being at multi-year highs.
EurOil: Shell resists break-up call Among those reporting stronger perfor-
Royal Dutch Shell has rejected a call by an activ- mances are super-majors Chevron and Exx-
ist shareholder to break up the oil major, arguing onMobil, which posted their highest quarterly
that the company works better as a united entity. profits in years.™

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

Week 44 03•November•2021 www. NEWSBASE .com P19