Page 15 - AsianOil Week 08 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global contested by the two Caspian countries. But the
(NRG), in which the reader is invited to join pair signed a memorandum of understanding
our team of international editors, who provide a (MoU) in late January on joint exploration of
snapshot of some of the key issues affecting their the deposit.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Pair of Qatari deals
link for each section the full text will be available TWO separate LNG-related deals have been
as before. announced this week, involving Qatargas and
its parent company, Qatar Petroleum (QP).
AfrOil: Angolan MPs vote on projects Italy’s Saipem said it had received a contract
THE government of Angola has announced worth around $1.7bn from Qatargas for engi-
plans to reduce the country’s dependence on neering, procurement, construction and instal-
imported petroleum products. To this end, leg- lation (EPCI) of various offshore facilities at
islators have authorised President João Lourenço Qatar’s North Field.
to offer special incentives for the construction of
the Cabinda refinery. LatAmOil: Mexican government offers sup-
port to Pemex
DMEA: Downstream dealing picks up MEXICO’S government is offering additional
HAVING spent years talking about its plans to fiscal support to Pemex, the national oil com-
overhaul the country’s four state-owned refin- pany (NOC), in the form of a stimulus package
eries, Nigeria’s NNPC last week finally secured that includes around $3.5bn in tax breaks and a
funding for a major rehabilitation project focus- capital boost of $1.3-1.6bn. Its plan complements
ing on the largest unit. a set of earlier concessions designed to reduce
The Port Harcourt maintenance project is Pemex’s profit-sharing duties in 2020 and 2021.
now expected to kick off during Q1 and will look
to return the 210,000 barrel per day (bpd) refin- MEOG: Price rally sees improved sentiment
ery to 90% capacity. THE ongoing oil price rebound has seen sen-
timent throughout the Middle East improve
Euroil: TechnipFMC does the splits ahead of the upcoming OPEC+ meeting, which
FRANCE’S TechnipFMC has wrapped up the is rumoured to see a change of tack from Saudi
separation of its engineering and construction Arabia as the Kingdom considers reversing its
operations from its services and technology decision to cut output.
activities.
TechnipFMC announced the split in mid- NorthAmOil: Profits, growth opportunities
2019, two years after the company’s creation for TC Energy
through the merger between France-based CANADA’S TC Energy has reported a net profit
Technip and US-based FMC Technologies. But attributable to common shares of CAD1.124bn
it put the process on hold after the coronavirus ($890mn) for the fourth quarter of 2020, up
(COVID-19) pandemic struck. from CAD1.108bn ($878mn) year on year.
While the company expressed its disappoint-
FSU OGM: Lukoil eyes Caspian ment with US President Joe Biden’s cancellation
RUSSIAN oil firm Lukoil has expressed interest of the permit of the Keystone XL pipeline pro-
in developing the Dostluk oil and gas field in the ject, TC Energy’s CEO, François Poirier, noted
Caspian Sea, Turkmen state media has reported. that it had a “large and diversified” asset base.
For years Dostluk, formerly known as Kapaz
by Azerbaijan and Serdar by Turkmenistan, was

Week 08 25•February•2021 www. NEWSBASE .com P15