Page 16 - LatAmOil Week 11 2021
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LatAmOil                       NEWSBASE ROUNDUP GLOBAL (NRG)                                        LatAmOil


       NewsBase Roundup Global (NRG)








        NRG              Welcome to NewsBase’s Roundup Global  Q-11B and M10/M11 discoveries, as well as
                         (NRG), in which the reader is invited to join  other projects in the Dutch North Sea.
                         our team of international editors, who provide a
                         snapshot of some of the key issues affecting their  FSU OGM: BP axes Kazakh plans
                         regional beats. We hope you will like NRG’s new   UK major BP has scrapped plans for three oil
                         concise format, but by clicking on the headline  projects in Kazakhstan after announcing a shift
                         link for each section the full text will be available  in its global strategy last year towards renewa-
                         as before.                           bles. Kazakhstan’s national oil company (NOC)
                                                              KazMunayGas (KMG) published a letter sent by
                         AfrOil: Objections to fuel price hikes  BP last October on March 10, stating that after 18
                         Fuel price hikes have sparked anger in two Afri-  months of evaluation work it had decided not to
                         can countries over the last week. In Nigeria, the  pursue the Bolshoy Zhambyl, Zhemchuzhnaya
                         Petroleum Products Pricing Regulatory Agency  and Kalamkas Sea blocks.
                         (PPPRA) has come under fire for raising the
                         pump price of gasoline. In Kenya, the Energy  GLNG: Albanian feasibility study and
                         and Petroleum Regulatory Authority (EPRA)  carbon-compensated LNG in Spain
                         has increased prices for gasoline, diesel and ker-  Last week, Excelerate Energy and ExxonMo-
                         osene, citing higher import costs.   bil LNG Market Development signed a mem-
                                                              orandum of understanding (MoU) with the
                         AsianOil: Indonesia’s local-content target   government of Albania to conduct a feasibility
                         Indonesia’s upstream watchdog SKK Migas has  study for a potential LNG import terminal in the
                         set a local content target for upstream invest-  country. Separately, Spain’s Repsol used carbon
                         ment in 2021, after the coronavirus (COVID-19)  offsets for the first time to compensate for the
                         pandemic derailed last year’s target. The head of  emissions from LNG that it delivered to Swe-
                         SKK Migas’ goods and services procurement  den’s Furetank Rederi.
                         management division, Erwin Suryadi, said on
                         March 10 that upstream procurement spending  MEOG: Conduits in the crosshairs
                         had amounted to $3bn in 2020, with local con-  Last week, Abu Dhabi  National Oil Co.
                         tent providers winning about 56% of that total.  (ADNOC) continued its recent spate of strate-
                                                              gic tie-ups with Asian companies, finalising a
                         DMEA: T ema time and tankers under fire   broad agreement with Malaysian counterpart
                         Last week, Ghana’s energy minister visited the  Petronas. The Emirati firm said that they would
                         country’s struggling Tema Oil Refinery, giving a  explore opportunities throughout the oil and
                         rallying cry to workers and pledging state sup-  gas value chain, focusing on conventional and
                         port for the unit. Despite efforts to reinvigorate  unconventional resources in the upstream as
                         the unit, Tema continues to operate at reduced  well as assessing potential fuel and petrochem-
                         levels following an explosion at its distillation  icals projects in the downstream.
                         unit four years ago.
                                                              NorthAmOil: Crude-by-rail on the rebound
                         EurOil: Tulip divests Dutch fields   The US’ active rig count edged down by one last
                         Dutch firm Tulip Oil has agreed to sell a group  week, according to oilfield services firm Baker
                         of gas fields in the Netherlands’ offshore zone to  Hughes. This was the first time the US rig count
                         AIM-listed investment group Kistos for at least  had fallen since November. The small change
                         €220mn ($263mn). Tulip will sell its subsidiary  does not necessarily indicate a reversal of the
                         Tulip Oil Netherlands, which owns operating  overall upward trend but does show that US
                         interests in the Q-10A gas field and the Q-10B,  drillers continue to proceed with caution. ™



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