Page 20 - EurOil Week 13 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

Welcome to NewsBase’s Roundup Global GLNG: Cheniere’s Corpus Christi Train 3 Ap-
NRG (NRG), in which the reader is invited to join proved To Enter Service
our team of international editors, who provide a The third train at Cheniere Energy’s Corpus
snapshot of some of the key issues affecting their Christi LNG export terminal on the Texas Gulf
regional beats. We hope you will like NRG's new Coast has been approved by the US Federal
concise format, but by clicking on the headline Energy Regulatory Commission (FERC) to enter
link for each section the full text will be available commercial service. This comes after the train has
as before. already been operating in test mode for months.
AfrOil: Mozambique’s Security Setback LatAmOil: AMLO’s Latest Salvo
The Mozambique LNG consortium has suffered Mexican President Andres Manuel Lopez
another serious setback within the last week. Obrador has reportedly stepped up his cam-
Total, the operator of the group, has suspended paign to secure state control over the energy
operations and evacuated nearly all workers industry. According to Reuters, the president
from the site on the Afungi Peninsula where it has sent a bill to Congress that gives the gov-
has been building a gas liquefaction plant since ernment the right to suspend permits granted
March 24, when the nearby town of Palma to the developers of oil and gas fields under
was besieged by fighters loyal to Ahlu Sunnah certain conditions. A section of the draft leg-
Wa-Jamo (ASWJ). Mozambique’s armed forces islation cited by the news agency states that
have been trying to regain control of Palma, but the Secretariat of Energy (SENER) or the
as of press time, security conditions in the area Energy Regulatory Commission (CRE) may
were still precarious. suspend such permits temporarily “when
an imminent danger is foreseen for national
AsianOil: India Continues To Rail Against security, energy security or for the national
Oil Supply Cuts economy.”
The Indian government maintained its pressure
on OPEC+ and Saudi Arabia this past week, MEOG: Oil Deals Abound
pushing for an easing in production cuts in order Last week was one of deals in the Middle East
to lower international oil prices. as political, field development and maintenance
Indian Minister of Petroleum and Natural agreements were reached as producers look to
Gas Dharmendra Pradhan said on March 26 that sustain and grow production.
his country’s energy purchases were driven by Iraq signed deals with Total and Schlum-
commercial interests and not bilateral relations. berger while noting its intention to increase pro-
duction capacity to 8mn barrels per day (bpd)
DMEA: Money Matters In Saudi by 2029. While the Schlumberger deal focuses
Two significant Saudi Arabian financial deals on drilling wells to expand output at the super-
came to the fore this week centring on petro- giant West Qurna-1 asset, the Total accord had a
chemicals and pipelines. much broader reach. Having come to terms on a
Saudi Aramco and Dow Chemical deal covering oil, gas, solar energy and seawater
reached a debt restructuring agreement for reprocessing, Oil Minister Ihsan Abdul Jabbar
their Sadara Chemical Co. joint venture (JV) said that Total would present it to the Iraqi Cab-
while allocating more gas to the plant. The inet for approval. While the capture and utilisa-
deal will see the partners guarantee up to an tion of gas was the part of the deal that grabbed
aggregate of $3.7bn of senior debt propor- the headlines, the news that Total would take
tionate to their shareholding while benefit- over the development of the Common Seawater
ing from a repayment grace period that runs Supply Project (CSSP) will likely have an even
until June 2026. more significant impact, having the potential to
allow oil output to increase rapidly.
FSU OGM: Fresh Gas Find In Caspian
BP and Azerbaijan’s state-owned SOCAR NorthAmOil: Chevron Reportedly Eyeing
have made an ultra-deep gas and conden- Shell’s Pacific Northwest Refinery
sate discovery in the Caspian Sea after 14 Super-major Chevron has reportedly emerged as
months of drilling. the leading contender to buy a refinery in the US
The well at the Shafag-Asiman block was Pacific Northwest that is owned by Royal Dutch
sunk to a depth of almost 7,200 metres. It is Shell. This was reported by Reuters, which cited See the archive and
the first borehole to be completed in years three sources familiar with the matter on March sign up to receive
in the Azeri Caspian Sea, where exploration 27 as saying that Chevron was first in line to buy *NRG Editor’s Picks*
activity has been muted because of low oil the Puget Sound refinery in Anacortes, Wash- for free by email each
prices and rig scarcity. ington State.™ week here

P20 www. NEWSBASE .com Week 13 01•April•2021