Page 13 - NorthAmOil Annual Review 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global almost countless other regulatory tweaks to help
(NRG), in which the reader is invited to join decarbonise the bloc’s economy.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: a bumper year for Gazprom
regional beats. We hope you will like NRG’s new Gazprom is on track to produce record profits
concise format, but by clicking on the headline link this year on the back of Europe’s worst energy
for each section the full text will be available as crunch in decades. But it is not all good news for
before. Russia’s state gas giant. Its flagship Nord Stream
2 project remains in limbo, with the certification
AfrOil: No deadline for Sonangol IPO yet process in Germany set to drag on into the sec-
Angola’s government is gearing up for the partial ond half of this year.
privatisation of the national oil company Sonan-
gol but has not yet set a target date, according to GLNG: Venture Global strikes supply deal
Edson Pongolola, the director of the firm’s plan- with CNOOC
ning and control department. Speaking in late The US’ Venture Global LNG announced in late
December, Pongolola confirmed that Luanda December that it had struck a deal to supply LNG
was still preparing to unload 30% of the NOC’s to a subsidiary of China National Offshore Oil
equity through an initial public offering of stock Corp. (CNOOC). This marks the first LNG sup-
and might begin the process before the end of ply agreement signed between CNOOC and a US
2022, in line with previous statements. exporter of the fuel.

AsianOil: Prelude FLNG shutdown extend- LatAmOil: Argentina greenlights offshore
ed by regulator’s order seismic work
Australia’s National Offshore Petroleum Safety Argentina’s government has given YPF, the
and Environmental Management Authority national oil company (NOC), and its partners
(NOPSEMA) has ordered Royal Dutch Shell a green light to proceed with seismic work at
not to return its Prelude floating LNG facility three offshore blocks in the South Atlantic.
to service until the company can prove that it Energy Secretary Dario Martinez revealed on
can keep the vessel properly powered and that January 3 that Buenos Aires had approved the
safety systems are operational. The order comes companies’ environmental impact statements
in response to Shell’s move to take Prelude offline for the CAN 100, CAN 108 and CAN 114
earlier in December after the facility, located off- licence areas.
shore Western Australia, lost power following a
fire. MEOG: Iraqi drilling and Saudi contracts
In this week’s MEOG, we look at Iraq’s contin-
DMEA: NNPC deals with refinery fire ued drilling efforts and major awards for Saudi
In DMEA this week, we cover a refinery fire in oilfield work. The state-owned Iraqi Drilling Co.
Nigeria and the award of a major engineering (IDC) has maintained momentum from 2021
contract to expand liquefaction capabilities in into the New Year, completing work on a well in
Qatar. The Nigeria National Petroleum Corp. the north of the country and kicking off a new
(NNPC) said this week that it had extinguished well in the south-east. Meanwhile, Saudi Ara-
a fire that had broken out at its Port Harcourt mco last week awarded five major engineering,
Refining Complex (PRHC) on January 1 procurement and construction contracts worth
without any extensive damage to the facility. more than $4.5bn for work on the Zuluf crude
Meanwhile, QatarEnergy this week awarded increment programme.
an engineering, procurement, construction
and installation contract to US-based contrac- NorthAmOil: Biden administration ap-
tor McDermott International for the offshore proves additional SPR release to ExxonMo-
scope of its North Field Expansion project. bil
The US Department of Energy announced
EurOil: a year of regulatory reform on December 30 that it had approved a third
The EU is preparing a series of sweeping regu- exchange of crude from the country’s Strategic
latory reforms this year in order to align its laws Petroleum Reserve for release to ExxonMobil.
with its climate ambitious, and many of these The release is part of US President Joe Biden’s
changes will have a significant impact on the oil strategy to help ease oil supply challenges and
and gas industry. The European Commission lower gasoline prices.
has published its Fit for 55 package that includes
changes to the emissions trading system, the See the archive and sign up to receive NRG Editor’s
introduction of a cross-border carbon tax and Picks for free by email each week here.™

Week 01 06•January•2022 www. NEWSBASE .com P13