Page 15 - FSUOGM Week 28 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global The increase in rewards will begin when
(NRG), in which the reader is invited to join Shell unveils its second-quarter results on
our team of international editors, who provide a July 29. But the IOC did not say which form
snapshot of some of the key issues affecting their the distributions would take: dividends, share
regional beats. We hope you will like NRG's new buybacks or another option.
concise format, but by clicking on the headline
link for each section the full text will be available NRG GLNG: QP Strikes Yet More Supply
as before. Deals
State-owned Qatar Petroleum (QP) struck
AfrOil: Eni Eyes Green, Blue Hydrogen Pro- two more long-term supply deals over the past
duction In North Africa week.
Representatives of Italy’s Eni met with Egyp- On July 7, the company said it had entered
tian and Algerian officials last week to discuss into a 15-year LNG sale and purchase agree-
the prospects for green and blue hydrogen ment (SPA) with Taiwan’s CPC for the supply
production. of 1.25mn tonnes per year (tpy) of LNG. This
One set of discussions took place on July 7, was followed by a 20-year SPA with Korea Gas
when Alessandro Puliti, the company’s COO for (Kogas) for the supply of 2mn tpy of LNG,
natural resources, spoke with Toufik Hakkar, the announced on July 12.
CEO of Algeria’s national oil company (NOC)
Sonatrach, in Algiers. During the meeting, Puliti LatAmOil: CGX, Frontera Prepare To Spud
and Hakkar discussed plans for assessing the Kawa-1 Exploration Well
“technical and commercial feasibility of a pilot CGX Energy and Frontera Energy are gearing
project to produce hydrogen using electricity up to spud the Kawa-1 exploration well at the
generated from renewable sources (solar and Corentyne block offshore Guyana.
wind),” Eni said in a statement. I According to CGX documents viewed by
OilNOW.gy and a statement from Frontera,
AsianOil: Pakistan’s Gas Supply Woes the two Canadian companies intend to begin
Deepen drilling operations in the first half of August.
Pakistan could face a natural gas shortage in They will need about 85 days to sink the well
September and October, after having reportedly to a depth of about 6,575 metres, which will
cancelled a liquefied natural gas (LNG) tender allow them to target a stratigraphic trap
owing to high spot market prices. within the Santonian layer.
The government has refused to buy LNG
for more than $13.79 per mmBtu ($381.43 per MEOG: Pipelines And Payments
1,000 cubic metres), local daily The News Inter- In this week’s MEOG, we look at the ongoing
national reported on July 12, citing unnamed asset monetisation of the world’s largest oil
senior officials from the Petroleum Division. producer and a breakthrough budget pay-
They added that state-owned Pakistan LNG Ltd ment in Iraq.
(PLL) had cancelled a tender for eight spot LNG Saudi Aramco was this week reported to
cargoes, with four shipments to arrive in Sep- have invited banks to pitch for work on a deal
tember and the rest in October. to monetise its gas pipeline network in much
the same way it did for oil. Meanwhile, the
DMEA: African Refining Progress company's senior vice-president for corpo-
In this week’s DMEA, we look at the launch of rate development was quoted as saying that
a tender to invest in Angola’s flagship refinery such moves would not be reliant on market
and increasing throughput at South Sudan’s conditions, suggesting that Saudi Aramco
latest processing facility. intends to continue developing its relation-
Angolan national oil company (NOC) ship with investors.
Sonangol last week launched a tender for
investment in the long-awaited Lobito oil NorthAmOil: EQT Aims For Net Zero By
refinery as a top official said he expects another 2025
downstream unit to be on stream in a year’s Pittsburgh-based EQT, an independent natural
time. gas producer and pipeline operator, intends to
bring its net carbon emissions down to zero in See the archive and
EurOil: Shell Offers Shareholders More just four years. sign up to receive
Shareholders at Royal Dutch Shell are set to The company unveiled its net-zero agenda *NRG Editor’s Picks*
reap the rewards of a recent rally in crude oil last week, saying in a statement covering its for free by email each
prices, with the oil major confirming on July 2020 ESG report that it had “announced tar- week here
7 it would boost shareholder distributions to gets to achieve net-zero Scope 1 and 2 green-
between 20% and 30% of cash flow from its house gas (GHG) emissions in its production
operations. segment operations by or before 2025.”

Week 28 14•July•2021 www. NEWSBASE .com P15