Page 17 - AfrOil Week 38 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global situation has been caused in large part by serious
(NRG), in which the reader is invited to join shortcomings in European energy policy.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: US manufacturers call for LNG
regional beats. We hope you will like NRG’s new restrictions
concise format, but by clicking on the headline A major trade group in the US has urged the
link for each section the full text will be available government to take steps to curtail the coun-
as before. try’s LNG exports, warning of high domestic
prices and potentially shortages later this year.
AsianOil: Strike completes pre-FEED at WA The request revives a decade-long dispute over
ammonia project the economic benefits of rising LNG exports
Australian natural gas developer Strike Energy and the impact that they have on the domestic
has completed a pre-front-end engineering and industry that depends on low-cost gas for power
design study on an ammonia and urea man- and feedstock.
ufacturing facility development in Western
Australia. Strike said on September 20 that inter- LatAmOil: bpTT brings Matapal field on
national oil and gas services provider Technip stream ahead of schedule
Energies’ seven-month plant study had resulted BP Trinidad and Tobago (bpTT), a subsidiary of
in a 6% reduction in capital estimates compared BP, revealed on September 20 that it had begun
with feasibility study estimates from January. extracting natural gas from the Matapal field
offshore Trinidad and Tobago. In a statement,
DMEA: Iraq, Iran to expand re ining Iraq’s bpTT said it had succeeded in bringing Mata-
state-owned North Refineries Co. (NRC) this pal on stream seven months ahead of schedule,
week signed a preliminary agreement with despite the challenges posed by the global coro-
Swedish firm SEAB and Limak Holding of Tur- navirus (COVID-19) pandemic.
key for investment to construct a 70,000 bpd
refinery at Qayarah near Mosul. Meanwhile, Ira- MEOG: Baker Hughes moves to capture
nian Minister of Petroleum Javad Owji says that gas in Iraq
the country aims to increase refining capacity Baker Hughes has this week struck a deal with
while improving the quality of refined products. the Ministry of Oil to capture up to 200mn cubic
feet (5.7mn cubic metres) per day of gas from
EurOil: Lundin targets climate neutrality in the Nassiriyah and Gharraf oilfields in Dhi Qar
2023 Governorate. Meanwhile, despite now being
Sweden’s Lundin has brought forward its target in the second half of September, Iraq’s Federal
for reaching carbon neutrality by two years to and Kurdish Regional Governments still appear
2023, the company announced on September some way short of an agreement to end lengthy
15, representing the most ambitious climate tar- arguments about oil sales.
get for an oil company of its size. The company,
whose flagship project is the Edvard Grieg field NorthAmOil: ConocoPhillips snaps up
in the Norwegian North Sea, said the target cov- Shell’s Permian assets
ered Scope 1, 2 and 3 emissions. Royal Dutch Shell has agreed to sell its portfolio
of shale assets in the US’ Permian Basin to Cono-
FSU OGM: Gazprom under fire coPhillips for $9.5bn in cash. Shell’s assets cover
The widely circulated narrative in the media is around 225,000 net acres (910.5 square km) and
that Russia is to blame for record-high gas and produce about 175,000 barrels of oil equivalent
power prices in Europe. But in reality, the current per day. ™

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Week 38 22•September•2021 www. NEWSBASE .com P17