Page 17 - LatAmOil Week 47 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global also simplifying its shareholder structure. The
(NRG), in which the reader is invited to join company will also move its head office to the UK,
our team of international editors, who provide a and hold board and committee meetings there.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: Rosneft expands in German
concise format, but by clicking on the headline refining sector
link for each section the full text will be available Russian oil giant Rosneft has announced it
as before. is expanding its German refining footprint
through the purchase of Royal Dutch Shell’s
AfrOil: TotalEnergies ready to invest minority stake in the 230,000 barrel per day PCK
billions in Libyan projects Schwedt refinery in the country’s north-east.
TotalEnergies (France) has announced plans Rosneft said on November 17 it had exercised its
to invest billions of dollars in Libya’s oil indus- pre-emptive right for a 37.5% stake in the refin-
try. According to Patrick Pouyanné, the compa- ery, bolstering its share to 91.7%.
ny’s CEO, the French major is ready to support
efforts to increase production and intends to GLNG: LNG trade booms ahead of winter
pump $2bn into the Waha oilfields, which are The global LNG trade is booming ahead of the
located in central Libya. Northern Hemisphere winter. The leading buy-
ers in the world – China, Japan and South Korea
AsianOil: Woodside takes FIDs on – are ramping up imports this month, while in
Scarborough and Pluto LNG 2 the US, LNG exports have reached record highs.
Australia’s largest oil and gas producer Woodside The boom in US LNG exports provided some
Energy has made final investment decisions relief to buyers in Europe, who face competi-
(FIDs) for the Scarborough gas field develop- tion from Asia as they scramble to replenish gas
ment and the expansion of the Pluto liquefied stockpiles ahead of the winter.
natural gas facility. Woodside announced the
FIDs on November 22, the same day it said it had MEOG: A flurry of contract awards
signed a binding share sale agreement with BHP, The Italian engineering, procurement and con-
a Scarborough project partner, on its merger struction specialist Saipem was awarded a deal
with the mining giant’s oil and gas portfolio. by Turkish Petroleum (TPAO) to lay a 175-km
pipeline tying back the offshore Sakarya gas field
DMEA: Downstream deals and progress to the Turkish mainland. Meanwhile, Abu Dhabi
Saudi Aramco and India’s Reliance Industries National Oil Co. (ADNOC) last week awarded
Ltd called off a major downstream deal following $1.46bn worth of engineering, procurement and
years of talks, but the Saudi firm wasted no time construction (EPC) deals for the development of
in opening discussions with another Indian state the offshore Dalma gas field.
giant for crude offtake. Meanwhile, National Ira-
nian Oil Co. (NIOC) said that it expects to bring NorthAmOil: US confirms co-ordinated
the first gas sweetening train of the South Pars SPR release
development project’s final refining phase into The move will be co-ordinated with China,
operation in January 2022. India, South Korea, Japan and the UK in a bid
to provide relief from oil prices that recently
EurOil: Shell leaves the Netherlands reached their highest level in seven years. The
Royal Dutch Shell has announced unexpectedly initiative comes after the OPEC+ group has
on November 15 it would be moving its tax res- ignored repeated calls to reduce crude prices by
idency from the Netherlands to the UK, while releasing more oil into the market. ™

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Week 47 25•November•2021 www. NEWSBASE .com P17