Page 11 - LatAmOil Week 40
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                         Natural gas was used to produce hydrogen at a   Faced with a gloomier outlook for oil, Total
                         plant in the Saudi port of Jubail and this was then  plans to invest more in renewables and gas,
                         combined with nitrogen to create the ammonia.  which it sees as having far stronger prospects. Its
                         Carbon dioxide from the process was captured  new strategy calls for a doubling of annual LNG
                         and used at a methanol plant in Jubail and at an  sales over the next decade.
                         enhanced oil recovery (EOR) pilot facility in   In Norway, six fields could face closure due
                         Uthmaniyah.                          to strike action by a union. Some 43 workers
                           The ammonia will be used at a 2-MW gas tur-  went on strike at the Equinor-operated Johan
                         bine in Yokohama in Japan, as well as at a 50-kW  Sverdrup oilfield on September 30 after wage
                         micro gas turbine in Koriyama and at a boiler in  negotiations between union Lederne and the
                         Aioi. The waste products from these facilities will  Norwegian Oil and Gas Association (NOGA)
                         be nitrogen and water.               failed to make any progress.
                           Saudi Arabia is eager to develop ammonia   Later that day Lederne, which represents
                         and hydrogen to serve other economies that are  around 1,000 offshore staff, said 126 additional
                         decarbonising. This will help diversify its exports  workers would down tools. Those workers are
                         and make its own economy more resilient.  stationed at Equinor-operated Gudrun, Gina
                           Japan, meanwhile, is looking at hydrogen and  Krog and Kvitebjorn fields, as well as the Nep-
                         ammonia as key solutions for decarbonisation,  tune Energy-run Gjoa field. These fields, as well   Faced with a
                         estimating that 10% of its power could be gen-  as the Valemon and Vega fields, are at risk of clo-  gloomier outlook
                         erated using 30mn tonnes per year (tpy) of blue  sure as a result, NOGA has warned.
                         ammonia.                               Lastly, Equinor has opened an internal probe   for oil, Total plans
                           In other news last week, Baker Hughes  into the “dramatic” fire that broke out on Sep-
                         secured an order for multiple main refrigerant  tember 28 at its Hammerfest LNG facility on  to invest more in
                         compressors for the North Field East (NFE)  Melkoye Island. No personnel were injured in
                         project in Qatar, describing the win as one of its  the incident, but the plant remains shut down   renewables and
                         largest deals in five years. NFE represents the first  until further notice. Norway’s Petroleum Safety   natural gas
                         stage of an expansion project at the North Field  Authority (PSA) and the police are also investi-
                         that will raise Qatar’s gas liquefaction capacity by  gating the fire.
                         some 33mn tpy to 110mn tpy.
                                                              If you’d like to read more about the key events shaping
                         If you’d like to read more about the key events shaping   Europe’s oil and gas sector then please click here for
                         the downstream sector of Africa and the Middle East   NewsBase’s EurOil Monitor.
                         then please click here for NewsBase’s DMEA Monitor .
                                                              FSU: Nord Stream 2 movement
                         Europe: Total sees oil peaking in 2030   The Akademik Cherskiy, a Russian pipelaying
                         Total has followed BP in predicting a soon-  vessel that Gazprom is widely expected to use
                         er-than-expected peak in  oil demand.  The  to complete the Nord Stream 2 pipeline to Ger-
                         French major expects oil consumption to reach  many, is on the move after remaining moored at
                         its height in 2030, or sooner depending on the  the German port of Mukran for months.
                         pace of decarbonisation efforts.       The vessel has moved into open waters in
                           Total’s forecast is more bullish than that of  the Baltic Sea, ship-tracking data from Marine
                         BP, which recently warned that peak oil demand  Traffic and Vesselfinder show, but its current
                         would occur in a few years, if it has not happened  destination is not disclosed. Its current speed
                         already. But this still marks a significant change  is minimal. Fortuna, another Russian-flagged
                         in the French firm’s thinking. Just a few years ago  vessel anticipated to provide Cherskiy with sup-
                         CEO Patrick Pouyanne saw peak oil demand as  port, moved from the German ports of Rostock
                         merely an eventual possibility.      to Wismar on September 29-30.



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