Page 18 - LatAmOil Week 23 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global pipeline in co-operation with Poland, said on
(NRG), in which the reader is invited to join June 3. The decision is a setback for Poland,
our team of international editors, who provide a which is building capacity to import gas from
snapshot of some of the key issues affecting their sources other than Russia.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Energy transition takes centre
link for each section the full text will be available stage at SPIEF
as before. The energy transition took centre stage at the St
Petersburg International Economic Forum on
AfrOil: Savannah seeks ExxonMobil assets June 3-5, with the event resulting in a raft of deals
in Chad, Cameroon between Russian and foreigncompanies aimed at
UK-based Savannah Energy is looking to acquire tackling emissions. Russia has promoted SPIEF
a package of upstream and midstream assets in as the “largest post-pandemic meeting, ” estimat-
Chad and Cameroon from ExxonMobil (US). In ing that 5,000 delegates would attend.
a statement, Savannah said it was in “advanced
exclusive discussions” with the US super-major GLNG: Excelerate FSRU comes online
on the deal, which covers ExxonMobil’s entire offshore Argentina
portfolio in the two countries. Excelerate Energy announced last week that
its Exemplar floating storage and regasification
AsianOil: Japanese Developers to Boost Oil, unit had started operations offshore the Argen-
Gas Production with CCS tine port of Bahia Blanca. This brings Argenti-
Japanese developers are studying the use of car- na’s LNG import facilities to two, with another
bon capture and storage technology in domes- Excelerate FSRU already stationed at Escobar
tic upstream projects. Inpex has teamed up since 2011.
with state-affiliated Japan Oil, Gas and Metals
National Corp. (JOGMEC) to implement a car- MEOG: Aramco bond and Turkish gas
bon dioxide (CO2) enhanced oil recovery pilot State-owned Saudi Aramco hired a group of
test at the Minami-aga oilfield in Niigata Prefec- banks to advise on and arrange its first US dol-
ture, they revealed in a joint statement on June 4. lar-denominated sukuk, with Reuters reporting
that a target of $5bn has been set. Meanwhile,
DMEA: Egyptian petchems, Nigerian urea Turkish President Recep Tayyip Erdogan
Egyptian Prime Minister Mostafa Madbouly this announced that Turkish Petroleum (TPAO) had
week attended a ground-breaking ceremony for struck gas with its Amasra-1 exploration well,
the start of construction on a new $7.5bn pet- adding 135bn cubic metres of gas to the Sakarya
rochemical facility in the Suez Canal Economic discovery declared last year.
Zone in Ain Sokhna. Meanwhile, Dangote’s urea
plant near Lagos, which will have a capacity of NorthAmOil: Consolidation wave shows no
3mn tpy in its first phase, has begun commercial signs of slowing
production. The wave of consolidation sweeping the US oil
and gas industry shows no sign of slowing, with
EurOil: Baltic Pipe setbacks yet more new deals between shale producers.
Denmark’s Environmental and Food Appeals Civitas Resources, itself currently in the process
Board has repealed the permit for the onshore of being formed through the merger of Bonanza
part of the Baltic Pipe, a gas link between Nor- Creek Energy and Extraction Oil & Gas, has
way and Poland, the Danish electricity and gas agreed this week to acquire Crestone Peak
grids operator Energinet, which is building the Resources. ™

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P18 www. NEWSBASE .com Week 23 10•June•2021