Page 13 - AsianOil Week 14 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global an engineering, procurement and site services
(NRG), in which the reader is invited to join (EPSS) contract for the Ust-Luga facilities.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: LNG trade booms
regional beats. We hope you will like NRG's new THE global LNG trade is booming. Last week
concise format, but by clicking on the headline it was reported that deliveries of the super-
link for each section the full text will be available chilled fuel had grown the most in a year in
as before. March, as Asia and Europe refilled inventories
depleted over the winter, and more countries
AfrOil: Lukoil rethinks Sangomar bid bounced back from the hit their economies
RUSSIA’S Lukoil has abandoned its attempt to took as a result of the coronavirus (COVID-
join RSSD, the joint venture set up to develop 19) pandemic.
the Sangomar block offshore Senegal, through
acquiring Australia’s FAR Ltd. Its decision came LatAmOil: Colombia’s fracking progress
to light last week, when FAR said in a statement COLOMBIA has taken another step down the
that the Russian company had opted not to sub- road towards development of its unconven-
mit a binding takeover offer ahead of a share- tional hydrocarbon resources, via the govern-
holders meeting scheduled for April 15. ment’s decision to grant provisional approval
to the Platero investigative project. Accord-
DMEA: Illegal refinery strike ing to Reuters, the South American coun-
NIGERIA this week destroyed an illegal refin- try’s National Hydrocarbons Agency (ANH)
ery in the Niger Delta, while protesters in Iraq announced its decision last week, saying it
blocked entry to a downstream unit, causing expected to sign a contract with ExxonMobil
a fuel shortage in the south of the country. A on April 8.
strike carried out by Nigeria’s Security and Civil
Defence Corps (NSCDC) saw the destruction of MEOG: OPEC+ impact and Iran talks
an illegal oil refinery south-west of Warri, where OVER the past week, the OPEC+ deal and
state-owned NNPC’s 125,000 barrel per day the return of the US to Iran nuclear talks have
(bpd) unit remains shut for maintenance. grabbed headlines as high-level strategy comes
to the fore.
Euroil: N. Macedonia eyes role in Greek LNG With OPEC and its partners announcing that a
GREEK LNG developer Gastrade has tapped further 1.15mn barrels per day of crude would be
another investor for its planned import facility released to the market over the next three months
in Alexandroupolis. The company said it had – as well as the 1mn bpd cut voluntarily by Saudi
signed a preliminary agreement on transferring Arabia – there are signs that the Kingdom and its
a stake in itself to North Macedonian gas dis- neighbour Kuwait will ramp up efforts at their
tribution operator National Energy Resources shared Partitioned Neutral Zone (PNZ).
Skopje (NER AD).
NorthAmOil: Another Pioneer mega-deal
FSU OGM: Gazprom switches contractor PIONEER Natural Resources announced last
RUSSIA’S Gazprom and Rusgazdobycha now week that it had struck a deal to buy Double-
want to hire Germany’s Linde to work on a gas Point Energy for $6.4bn in cash and stock. The
processing and LNG complex on the Baltic Sea, acquisition is Pioneer’s fourth major shale deal
after cancelling a contract last month issued to this year, coming less than three months after
Russian firm Nipigaz. Gazprom reported in late the company closed its $4.5bn takeover of Pars-
March that it had agreed terms with Linde on ley Energy.™

Week 14 08•April•2021 www. NEWSBASE .com P13