Page 14 - NorthAmOil Week 15 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global now projects that oil output will reach 517mn
(NRG), in which the reader is invited to join tonnes (10.4mn barrels per day), versus a previ-
our team of international editors, who provide a ous projection of 11.25mn bpd.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: India’s first FSRU arrives at Jaigarh
concise format, but by clicking on the headline link terminal
for each section the full text will be available as India’s first floating storage and regasification unit
before. (FSRU) has arrived in the country. The Höegh
Giant sailed from Keppel Shipyard in Singa-
AfrOil: New agreements clear the way for pore, berthing at H-Energy’s Jaigarh terminal in
EACOP Maharashtra on April 12. The FSRU has a storage
The governments of Uganda and Tanzania have capacity of 170,000 cubic metres and installed
joined representatives of France’s Total and regasification capacity of 750mn cubic feet (21mn
China National Offshore Oil Corp. (CNOOC) in cubic metres) per day.
finalising host government agreements (HGAs)
for the East Africa Crude Oil Pipeline (EACOP) LatAmOil: Argentina mulls oil price con-
project. trols
Argentina’s government is looking to estab-
AsianOil: Eni expands Vietnamese portfolio lish long-time price controls for the domestic
Italian major Eni has closed its acquisition of oil market, according to Production Minister
Singaporean independent KrisEnergy’s 100% Matias Kulfas. The administration of President
stake in Block 115/09, which lies offshore Viet- Alberto Fernandez had included provisions for
nam. Eni said on April 12 that the acquisition setting a floor and ceiling for domestic oil prices
further strengthened its presence in the South- into draft legislation designed to attract more
east Asian country, “consolidating its position investment into the hydrocarbon sectors, Kulfas
in the recently discovered Ken Bau like play”, told Bloomberg in an interview last week.
while furthering its efforts to expand its Asian
gas portfolio. MEOG: Sealed deal and IPO plans
Aramco and ADNOC took centre stage this
DMEA: Refineries under fire again week as a deal was finally agreed for the sale and
Yemen’s Houthi militia this week claimed lease back of Saudi oil pipelines while the Emi-
another attack on Saudi Arabian oil infrastruc- rati firm considers an IPO of its drilling arm. The
ture, this time targeting Aramco facilities at Saudi firm agreed a multi-billion-dollar deal
Jeddah and Jubail. Just a day after Aramco had with a group of investors to sell and lease back
announced a deal for the lease of its oil pipeline a stake in its oil pipelines business that values
network, the Houthis struck at dawn in a retali- the newly formed Aramco Oil Pipelines Co. at
atory move against the Saudi-led military cam- around $25bn. Meanwhile, following the success
paign in Yemen. of its own asset monetisation efforts in the last
few years, ADNOC is considering listing its drill-
EurOil: Equinor backs world’s first hydro- ing arm on the local stock exchange.
gen power plant
Norwegian oil firm Equinor and UK utility NorthAmOil: A boost for Dakota Access
SSE have teamed up to develop what would be The Dakota Access oil pipeline received a boost
the world’s first hydrogen-fired power plant last week, when the administration of US Pres-
in northern England. The UK government is ident Joe Biden said it would not force the pipe-
pushing for large-scale hydrogen development line to be shut down while federal regulators
as a means of decarbonising some of the coun- carry out a new environmental review on the
try’s most carbon-intensive industries. project.
The fight over Dakota Access’ future contin-
FSUOGM: Russia slashes fossil fuel fore- ues, with opponents of the project awaiting a
casts court ruling that could still result in the pipeline
Russia has slashed its forecasts for oil, gas and being shut down.
coal production in 2021 and 2022, taking into
account the pandemic’s impact, OPEC+ quotas See the archive and sign up to receive NRG Editor’s
and lower commodity prices. The government Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 15 15•April•2021