Page 18 - AfrOil Week 39 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Mark Gyetvay, has been arrested in the US on
(NRG), in which the reader is invited to join tax charges relating to $93mn that was hidden
our team of international editors, who provide a in offshore accounts. Gyetvay played a key role
snapshot of some of the key issues affecting their in arranging financing for Novatek’s ambitious
regional beats. We hope you will like NRG’s new $27bn Yamal LNG export project in the Russian
concise format, but by clicking on the headline Arctic, which came online in December 2017.
link for each section the full text will be available
as before. GLNG: Cheniere receives green light to
introduce feed gas to Sabine Pass Train 6
AsianOil: Beach to sell LNG to BP US LNG giant Cheniere Energy has been given
Australian independent Beach Energy has the go-ahead by regulators to introduce feed gas
agreed to sell its share of liquefied natural gas to Train 6 at its Sabine Pass export terminal in
production from the Waitsia project onshore Louisiana. The US Federal Energy Regulatory
Western Australia to super-major BP. Beach said Commission approved Cheniere’s September 15
on September 27 that it had signed a heads of request to introduce feed gas last week.
agreement to sell its 3.75mn tonnes of expected
production from Waitsia’s second phase of the LatAmOil: Ecuador funds new power
development from the second half of 2023. transmission system for oil sector
The government of Ecuador will make funds
DMEA: Jazan deal and refining fears available to private companies for the construc-
Saudi Aramco, Air Products, ACWA Power tion of $1.9bn worth of new energy facilities,
and Air Products Qudra announced this week including a new transmission system for the oil
that they had signed “definitive” agreements to sector. The funds will enable companies to build
acquire the assets and finance their planned joint and operate new power plants, Energy Minister
venture for a major power project in Jazan Eco- Juan Carlos Bermeo said last week.
nomic City. Meanwhile, the South African Petro-
leum Industry Association (SAPIA) warned MEOG: Drilling IPO and LTAs
earlier this week that the country’s remaining Abu Dhabi National Oil Co. (ADNOC) com-
refineries could become obsolete within two pleted the initial public offering (IPO) of its
years without financial support. drilling unit, the largest company of its kind in
the region, this week in a sale that was more than
EurOil: Groningen to close as planned 30 times oversubscribed. Meanwhile, US-based
The Netherlands will end gas production at the engineering firm McDermott is understood to
giant quake-causing Groningen gas field next be leading the race among prequalified bidders
year as planned, despite calls for it to boost flow for several offshore oilfield services contracts
amid the unprecedented supply crunch on the from Saudi Aramco.
European gas market. Output at Groningen is
due to be slashed by more than 50% in the gas NorthAmOil: PennEast Pipeline stops
year beginning October 1, 2021, to just 3.9bn development
cubic metres, before ceasing regular production PennEast Pipeline said earlier this week that it
altogether. has decided to stop developing its proposed
pipeline from Pennsylvania to New Jersey. The
FSU OGM: Novatek’s deputy chairman company said PennEast was being scrapped
faces US tax charges because it had not yet received all of its required
The deputy chairman of Russia’s second-larg- permits, including a water quality certification
est gas producer Novatek, Florida businessman in New Jersey. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

P18 www. NEWSBASE .com Week 39 29•September•2021