Page 12 - NorthAmOil Week 41 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global afternoon of October 6, after Russian President
(NRG), in which the reader is invited to join Vladimir Putin hinted that Gazprom might
our team of international editors, who provide a release more supply onto the market. The con-
snapshot of some of the key issues affecting their tract for November gas delivery at the Dutch
regional beats. We hope you will like NRG’s new TFF platform briefly soared to almost $2,000 per
concise format, but by clicking on the headline link 1,000 cubic metres in the early hours of trading,
for each section the full text will be available as before sliding back down around $1,700.
before.
GLNG: PNG government wants bigger
AfrOil: ReconAfrica’s seismic survey draws stake in PNG LNG
fire from NGO The government of Papua New Guinea (PNG) has
Toronto-listed Reconnaissance Africa Energy, said that it would want to up its stake in the PNG
known as ReconAfrica, has come under fire LNG project if the proposed takeover of Oil Search
from a local non-governmental organisation by Santos goes ahead. Under the proposed deal,
called Frack Free Namibia (FFN). In a statement Santos will acquire Oil Search’s interest in PNG
issued last week, FFN alleged that ReconAfrica’s LNG, making it the biggest single shareholder in
exploration activities had disrupted local com- the project, which is operated by ExxonMobil,
munities in the Kavango Basin. with a 42.5% stake.

AsianOil: ENN seals long-term LNG supply LatAmOil: Indigenous protest halts ONP
deal with Cheniere pipeline flows
Chinese utility ENN Natural Gas has signed A group of indigenous Peruvians took over the
a new long-term liquefied natural gas sup- facilities of Pump Station #5 along the North-
ply agreement with the US’ Cheniere Energy. ern Oil Pipeline (ONP) last week, in an act that
The Chinese company said on October 11 that forced the national oil company Petroperu, the
Cheniere had agreed to supply 900,000 tonnes owner of ONP, to halt crude shipments. In a
per year of the fuel for 13 years from July 2022 statement, Petroperu said it had taken this step
on a free-on-board basis. after residents of the northern Loreto region
seized control of the pumping station on Octo-
DMEA: Ruwais cancellation and another ber 4.
IPO
This week’s DMEA covers the cancellation of MEOG: New targets and rebranding
plans to build a major new refinery in Abu Dhabi In MEOG this week we look at Iraq’s efforts to
and the next stage of Aramco’s asset monetisation conclude talks with international operators on
plan. State-owned Abu Dhabi National Oil Co. increasing oil production and Qatar’s NOC
(ADNOC) this week has said that it will no longer rebrand. Iraq’s Ministry of Oil believes it is near-
proceed with a major expansion of its down- ing the conclusion of talks with IOCs develop-
stream hub at Ruwais, citing a lack of commer- ing its major oilfields regarding efforts that will
cial attractiveness. Meanwhile, Saudi Aramco is increase the country’s oil production to 8mn
continuing its asset monetisation strategy, with barrels per day by 2027. Meanwhile, state-owned
reports suggesting it is once again preparing to Qatar Petroleum (QP) this week announced that
follow the lead of regional competitor ADNOC it is in the process of rebranding as QatarEnergy
with the listing of a share in its fuel arm. in a nod to a strategic shift to focus on more envi-
ronmentally friendly operations.
EurOil: Repsol raises 2030 clean energy
target NorthAmOil: Chevron to aim for net zero
Spanish energy group Repsol has announced it by 2050
is increasing its 2030 target for renewable energy Chevron announced this week that it would pur-
capacity by 60%, while also setting new targets to sue net-zero greenhouse gas emissions by 2050.
limit the emissions from its oil and gas business. The company described the target as an “aspira-
Repsol was the first major oil and gas producer to tion”, and while it fell short of the more aggres-
pledge to become a net-zero emissions company sive net-zero goals set by European rivals such as
by 2050. Royal Dutch Shell and BP, it marks the first such
move by one of the two US super-majors.
FSUOGM: European gas prices slide back
after Putin comments See the archive and sign up to receive NRG Editor’s
Natural gas prices in Europe took a dive on the Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 41 14•October•2021