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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P16 www. NEWSBASE .com Week 11 18•March•2021