Page 14 - FSUOGM Week 35 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: ExxonMobil, PNG Restart P’nyang
(NRG), in which the reader is invited to join Talks
our team of international editors, who provide a ExxonMobil has restarted talks with the gov-
snapshot of some of the key issues affecting their ernment of Papua New Guinea (PNG) on
regional beats. We hope you will like NRG's new the development of the P’nyang natural gas
concise format, but by clicking on the headline project.
link for each section the full text will be available Talks on the project, which was set to be
as before. tied to a $13bn expansion of PNG’s liquefac-
tion capacity, stalled in late 2019 after the gov-
AfrOil: AfDB Head Optimistic About Mo- ernment pushed for better terms than it had
zambique LNG obtained for ExxonMobil’s original PNG LNG
Akinwumi Adesina, the president of the African development.
Development Bank (AfDB), has said he believes that
TotalEnergies (France) will be able to resume work on LatAmOil: Petrobras Shareholders Seek To
the Mozambique LNG in about 12-18 months. Narrow Scope Of 17th Bidding Round
Adesina indicated last week that he expected Brazil’s national oil company (NOC)
security conditions in Cabo Delgado, Mozam- Petrobras has been asked by a group of
bique’s northernmost province, to improve fol- shareholders to eliminate more than a
lowing the deployment of troops from Rwanda dozen offshore blocks from the roster of
and from member states of the Southern African sites included in the 17th Bidding Round,
Development Community (SADC). a set of auctions scheduled to take place
on October 7.
AsianOil: Pertamina Wins Regulatory Ap- The group in question is Anapetro, an
proval For Gajah Besar Development association formed by Petrobras employees
Indonesia’s state-owned Pertamina has secured who own stock in the NOC. In a public letter,
regulatory approval for its plan of development the association urged Petrobras to reduce the
(PoD) for the Gajah Besar natural gas and con- number of offshore blocks in the 17th Bidding
densate field onshore South Sumatra. Round from 92 to 78.
SKK Migas planning deputy Benny Lubian-
tara said in an August 29 statement that Pertam- MEOG: Iraq Back On Track
ina EP intended to invest $15.5mn in drilling This week’s MEOG looks at Lukoil’s re-com-
three development wells, reworking another mitment to its main asset in Iraq and reports
well and constructing pipeline from producing about a change in OPEC+ direction at its
wells to the Paku Gajah compression system. September meeting.
Russia’s Lukoil last week announced that
DMEA: Kuwait Extends CFP Contract it intends to increase oil production at the
This week’s DMEA looks at Kuwait’s move to West Qurna-2 project in southern Iraq, pro-
extend a consultancy contract following pro- viding stability for Baghdad as it seeks to
ject overruns at a key refining development increase output by 3mn barrels per day (bpd)
and Iran’s appointment of a new oil minister. by 2027.
Kuwait Petroleum Corp.’s (KPC) down-
stream-focused subsidiary this week NorthAmOil: Hurricane Ida Disrupts Gulf
extended a project management consultancy Operations
(PMC) contract for the emirate’s recently Production in the US Gulf of Mexico and
completed refinery overhaul project. coastal downstream operations alike were
severely disrupted by Hurricane Ida this week, See the archive and
EurOil: Wood Urges Against End To Oil Ex- which made landfall in Louisiana as a Category sign up to receive
ploration 4 hurricane on August 29. *NRG Editor’s Picks*
UK oil tycoon Ian Wood has warned that According to the US Bureau of Safety for free by email each
it would be “absolutely crazy” for the UK and Environmental Enforcement (BSEE), week here
to call time on oil exploration, adding that 94.6% of Gulf oil production and 93.6% of
such as a policy would be “detrimental, gas output had been shut in as of August
environmentally.” 30. This equates to 1.72mn barrels per day
The UK government faces calls to adopt a (bpd) and 2.09bn cubic feet (59.1mn cubic
tougher stance towards continued oil and gas metres) per day of oil and gas shut-ins
extraction, with the head of Labour opposi- respectively.
tion party Sir Keir Starmer recently urging a Also as of August 30, around 75% of Loui-
“hard-edged timetable” to be set for ceasing siana’s refining capacity remained offline, esti-
production. mated at 2.2mn bpd of capacity.

P14 www. NEWSBASE .com Week 35 01•September•2021