Natural Gas Daily: December 1st, 2020
EXXONMOBIL EXPECTS $17BN WRITE-DOWN ON GAS
US supermajor ExxonMobil said November 30 it expects to take an after-tax impairment of $17-$20bn on several undeveloped natural gas assets in Q4 2020 following a decision to focus on near-term priorities in Guyana, the US Permian, Brazil and its chemicals unit.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
- Certain dry-gas assets – in the Appalachian basin, the Rocky Mountain region, Oklahoma, Texas, Louisiana and Arkansas in the US and in western Canada and Argentina – will be removed from future development plans.
NOVATEK STARTS LNG SALES TO CHINA IN ISO CONTAINERS
Russian LNG exporter Novatek announced that its Novatek Gas & Power Asia subsidiary and Japanese partner Saibu Gas had completed a first joint trial delivery of LNG in ISO containers to China.
- The delivery of LNG in ISO containers has grown in popularity in recent years, particularly in China.
- Delivering gas in this way means there is no need for large-sized export and import terminals.
OZ SANTOS SETS 2040 NET-ZERO TARGET
Australian oil and gas explorer Santos said it had set a goal to become a net-zero emitter by 2040.
- Santos in October injected approximately 100 mt of CO2 into depleted gas reservoirs as part of the final field trial for the Moomba carbon capture and storage (CCS) project.
UNIPER WINS AUCTION TO CLOSE GERMAN COAL PLANT
German utility Uniper is preparing to cease commercial operations at its 875-MW Heyden 4 anthracite power plant in North Rhine Westphalia with effect from January 1, it said. Permanent closure will happen six months later, provided that the transmission system operator does not deem it relevant to the system.
- Uniper presented a plan for closing its anthracite-fired plants in January 2020 with the aim of saving up to 18mn metric tons/year of CO2.