Page 15 - EurOil Week 25 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Skikda LNG Plant Forced To Shut On
(NRG), in which the reader is invited to join Technical Issue
our team of international editors, who provide a Algeria’s state-owned Sonatrach reported at the
snapshot of some of the key issues affecting their weekend that it had taken the Skikda LNG plant
regional beats. We hope you will like NRG's new offline on June 11.
concise format, but by clicking on the headline In a statement, Sonatrach attributed the
link for each section the full text will be available shutdown to technical problems. “A technical
as before. issue occurred on June 11 at the Skikda LNG
complex and led to the shutdown of this com-
Afroil: Eni Still Aims To Launch Coral South plex,” it said. It described the problem as “a sud-
LNG In 2022 den failure of a gas turbine control mechanism”
Italy’s Eni is on track to launch the Coral South but did not elaborate.
LNG project offshore Mozambique next year,
despite the violence and civil unrest that has LatAmOil: Staatsolie Awards Shallow-Water
slowed down TotalEnergies’ plans for develop- Blocks To Three IOCs
ment of a nearby field. Suriname’s national oil company (NOC)
A spokesperson for the Italian major said Staatsolie has concluded the Shallow Offshore
earlier this week that Eni aimed to begin extract- Bid Round by awarding three shallow-water
ing and processing gas from the Coral section offshore blocks to Chevron (US) and a con-
of the offshore block known as Area 4 in 2022, sortium set up by TotalEnergies (France) and
as previously anticipated. The project’s timeline Qatar Petroleum.
has not changed as a result of events in Mozam- Staatsolie named Chevron and the con-
bique’s northernmost province of Cabo Delgado, sortium as the winning bidders in the licens-
she said. ing round on June 18. It reported that the US
company had submitted the best offer for the
AsianOil: Sarawak Awards Onshore Project shallow-water site known as Block 5, while
To Petra Energy, Uzma TotalEnergies and Qatar Petroleum had made
Sarawak state-owned Petroleum Sarawak (Pet- the best offers for Blocks 6 and 8. The NOC
ros) has awarded the development contract for and the top bidders “are now in the process
onshore Block SK433 to Malaysian independ- of concluding production-sharing contracts
ents Petra Energy Development and Uzma (PSCs) for the relevant blocks and will make
Engineering. further announcements once the PSCs are
Petros issued a letter of conditional award awarded,” it noted.
for the block on June 15, Uzma said on June 18,
adding that its partner would operate the licence MEOG: Qurna Expansion And Asian Fi-
for the joint venture. nance
This week’s MEOG looks at Iraq’s plans to
DMEA: Fuel Subsidies And Plastics expand production from its supergiant West
In DMEA this week, we look at the IMF’s con- Qurna-1 (WQ-1) oilfield, while South Korea
cerns about the resurgence of fuel subsidies has stumped up credit for oil projects in Abu
in Nigeria as plastics manufacturers await Dhabi involving Korean firms.
improved feedstock availability. Iraq’s Ministry of Oil (MoO) announced
The International Monetary Fund (IMF) that state-owned Basra Oil Co. (BOC) had
this week voiced its concern about the increas- signed a contract with incumbent US oper-
ing implementation of fuel subsidies in Nigeria ator ExxonMobil and services firm Schlum-
despite Abuja claiming to have ended their use.. berger to drill 96 wells to allow for an
increase in output capabilities from the cur-
FSUOGM: Gazprom Reveals Chinese Gas rent 500,000 barrels per day to 700,000 bpd.
Supply Details
Russia’s Gazprom has for the first time pub- NorthAmOil: Hurricane Season Begins
licly disclosed how much it is earning from Some disruption to oil and gas operations in
natural gas supplies to China via the Power of the US Gulf of Mexico was seen last week, as a
Siberia pipeline. weather disturbance that later became Trop-
In an investor presentation on June 17, ical Storm Claudette threatened the region. See the archive and
Gazprom’s deputy chairman Famil Sadigov Chevron said it had removed non-essen- sign up to receive
said the company had delivered 4.1bn cubic tial staff from three platforms in the Gulf – *NRG Editor’s Picks*
metres of gas to China in 2020 and earned Big Foot, Jack/St Malo and Tahiti – and had for free by email each
RUB44.3bn ($608mn) from those sales. This fully evacuated the Genesis facility. Occiden- week here
means that Gazprom sold its gas to China’s tal, meanwhile, did not comment on output
CNPC at an average price of around $150.2 but said all of its facilities had plans to pre-
per 1,000 cubic metres last year. pare for weather-related events.™

Week 25 24•June•2021 www. NEWSBASE .com P15