Page 17 - LatAmOil Week 49 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global natural gas from its first stage of development.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSU OGM: Rosneft looks at wind solution
snapshot of some of the key issues affecting their for Vostok Oil
regional beats. We hope you will like NRG’s new Russia’s state-owned oil giant Rosneft has teamed
concise format, but by clicking on the headline up with Chinese companies to look at the poten-
link for each section the full text will be available tial for powering its giant Vostok Oil project in
as before. the Russian Arctic with wind energy. Rosneft
and other Russian oil and gas majors have fol-
AfrOil: AGS will soon launch 3D seismic lowed their international counterparts in taking
study of Ruvuma steps to reduce emissions from their activities,
Africa Geophysical Services (AGS) of Oman as ESG concerns move higher up in the priority
is set to launch the first phase of a 3D seismic lists of investors.
survey at the Ruvuma block in southern Tan-
zania in mid-December. UK-based Aminex, a GLNG: Prelude FLNG operations
non-operating partner in the joint venture set up suspended following fire
to develop the block, said that AGS had begun Royal Dutch Shell suspended operations at its
preparatory work at the block on November 15. Prelude floating LNG facility offshore Western
Australia after a fire broke out on the vessel last
AsianOil: Santos-Oil Search merger clears week. Media reports cited company spokesper-
more hurdles sons as saying that smoke in an electrical utility
A proposed merger between Santos and area had triggered the automatic fire detection
Oil Search is closer to reality after receiving and management system at the facility on
approval from Papua New Guinea’s (PNG) December 2, allowing the fire to be contained.
Securities Commission. In the same week, over
95% of Oil Search shareholders voted in favour MEOG: Field work in Iraq and Saudi
of the merger, despite opposition from some State-owned Iraqi Drilling Co. (IDC) signed a
long-standing investors in the company. contract with US services specialist Weatherford
to collaborate on drilling and reclamation serves
DMEA: Borouge contracts awarded and to install new systems as Baghdad pushes
Abu Dhabi National Oil Co. (ADNOC) and Aus- ahead with plans to increase oil production
tria’s Borealis this week awarded contracts for the capacity. Meanwhile, Saudi Aramco awarded a
development of their Abu Dhabi Polymers Co. contract to UK-based Wood plc and extended
(Borouge) joint venture’s fourth facility in the another with Australia’s Worley for support ser-
UAE’s Ruwais downstream hub. vices as the Saudi firm seeks to expand produc-
tion capacity.
EurOil: Cambo up in the air
Royal Dutch Shell has withdrawn from the large NorthAmOil: ExxonMobil unveils net-zero
Cambo oil development in UK waters west of the target for Permian Basin
Shetland Islands, in what environmentalists see US-based super-major ExxonMobil will tar-
as a death blow for the project, which has faced get net-zero greenhouse gas emissions from its
unprecedented scrutiny over its climate impact. operated assets in the Permian Basin by 2030.
Cambo is one of the largest untapped fields The announcement comes days after the com-
remaining on the UK Continental Shelf, and pany unveiled tougher emissions targets as part
Siccar Point hopes to recover as much as 175mn of an update on its medium-term corporate
barrels of crude oil and 1.5bn cubic metres of plans. ™

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Week 49 09•December•2021 www. NEWSBASE .com P17