Page 18 - AfrOil Week 16 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global standard diesel by 25mn tpy.
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: NextDecade moves ahead with
snapshot of some of the key issues affecting their clean LNG plans
regional beats. We hope you will like NRG’s new It has been another busy week for US-based
concise format, but by clicking on the headline LNG developer NextDecade, which is trying to
link for each section the full text will be available position its proposed Rio Grande liquefaction
as before. project at Texas’ Port of Brownsville as one of
the most environmentally friendly facilities of
AsianOil: Exxon starts up new Australian its kind. The company has announced two sep-
gas field arate partnerships in recent days that are geared
US super-major ExxonMobil has started pro- towards bolstering Rio Grande LNG’s green
ducing natural gas from a new project offshore credentials.
eastern Australia. ExxonMobil’s local unit, Esso
Australia, said on April 20 the Gippsland Basin LatAmOil: Natixis to phase out
Joint Venture (GBJV) – a 50:50 venture includ- Ecuadorean oil finance
ing BHP Billiton – had commissioned the West France’s Natixis is set to join the ranks of finan-
Barracouta project off the coast of Victoria. cial institutions that have stopped supporting
trade deals involving Ecuadorean crude oil. The
DMEA: No permit for Tema and Egypt goes French bank informed Reuters last week that it
green intended to stop financing transactions involv-
Environmental concerns were at the heart of ing Ecuadorean oil by April 2022.
the downstream headlines in MEA this week
with Ghana’s Environmental Protection Agency MEOG: Iran’s quake and Iraq’s Western
(EPA) saying that a proposed new refinery is Qurna-1
unlikely to be given a permit, while Egypt is A major earthquake disrupted oil operations in
planning to establish a bioethanol plant. southern Iran this week, while across the border,
Iraq is seeking a new lead developer for West
EurOil: UK CCS plans take shape Qurna-1 as it shops ExxonMobil’s stake. An
Clean energy developer Storegga has brought on earthquake in southern Iran caused damage to
board Royal Dutch Shell and Harbour Energy an important oil facility over the weekend, with
as equal-equity partners at its Acorn carbon, state TV saying that production had been dis-
capture and storage (CCS) project in Aberdeen- rupted. Iraq’s Ministry of Oil (MoO) said over
shire. The group expect to launch the project the weekend that it is holding discussions with
in the mid-2020s, with its annual CO2 storage US companies over the acquisition of a 32.7%
capability reaching 5mn tonnes per year (tpy) by stake in the West Qurna-1 (WQ-1) oilfield cur-
the end of the decade. rently held by super-major ExxonMobil.

FSU OGM: Russia overhauls refineries NorthAmOil: Permian Basin developments
Russia’s energy ministry has entered into invest- make headlines
ment deals with 14 refineries worth RUB800bn Various developments have emerged from the
($10.5bn) for the construction of new processing prolific Permian Basin in recent days, illustrat-
units. The investments will be spent building 30 ing the region’s ongoing dominance of the US oil
units, the commissioning of which will lead to a and gas industry. Most notably, BP was reported
growth in Russian Euro-5 standard gasoline sup- to be planning to phase out routine flaring of
ply by over 3.6mn tonnes per year, and Euro-5 associated natural gas in the basin by 2025. ™

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P18 www. NEWSBASE .com Week 16 21•April•2021