Page 12 - AsianOil Week 06 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global (NRG), ($617mn) annually with the country’s natural
in which the reader is invited to join our team of inter- resources ministry, covering incentives at the
national editors, who provide a snapshot of some of large but mature Priobskoye oilfield in Western
the key issues affecting their regional beats. We hope Siberia.
you will like NRG’s new concise format, but by clicking Output at the Soviet-era Priobskoye field
on the headline link for each section the full text will be peaked at 33.8mn tonnes (679,000 barrels per
available as before. day) in 2009 and has been declining ever since,
In this week’s NRG our editorial team begin by dropping to 480,000 bpd in 2019. Even so, it still
covering Africa, where Nigeria’s NNPC has started accounts for roughly 5% of Russia’s national oil
to re-negotiate contract terms with the interna- output.
tional majors in the country. Meanwhile in Europe,
Norway has made its first oil and gas discovery of GLNG: Imports up for PGNiG
2021, near the Troll gas field in the North Sea, and Poland’s PGNiG said last week that its LNG
Poland’s PGNiG has revealed that its LNG imports imports rose 10% in 2020 to reach 3.76bn cubic
rose by 10% in 2020 in its efforts to diversify gas metres. This comes as the country continues
supplies prior to the expiry of a contract with to buy natural gas from Russia, but is trying to
Russia’s Gazprom in 2022. In Russia state-owned diversify its sources of supply ahead of the expiry
Rosneft has signed a $617mn deal with the natural of a contract with Russia’s Gazprom in 2022.
resources ministry for investments at the mature
Priobskoye oilfield in Western Siberia. LatAmOil: AMLO’s policy considerations
Mexico’s presidential administration suffered
AfrOil: Nigeria vs. IOCs a setback last week, when the Supreme Court
Nigeria’s national oil company (NOC) has begun rejected proposed regulatory changes put for-
re-negotiating the terms of its commercial con- ward by the Secretariat of Energy (SENER).
tracts with a number of international majors. The court ruled against SENER on the
Mele Kyari, the group managing director of grounds that its plans for offering preferential
Nigerian National Petroleum Corp. (NNPC), treatment to CFE, the national electricity pro-
said last week that the NOC had taken this step vider, would inhibit competition and complicate
in order to ensure that oil and gas projects would efforts to reduce emissions.
continue to attract investment. He declined to
say exactly which terms were under discussion, MEOG: Updates abound
but he did state that NNPC was offering inter- Iran, Oman and Kuwait grabbed the headlines in
national oil companies (IOCs) a choice between the Middle East over the last week with a string
negotiating revisions now or accepting the terms of significant announcements on project pro-
that will be applied once the Petroleum Industry gress and contract awards.
Bill (PIB) is passed later this year. Foremost of these was the announcement
from Tehran that it will soon complete the up-
DMEA: Ethiopia to boost fuel distribution and downstream phases of the supergiant South
Ethiopia launched construction on February 1 Pars offshore gas field, while the country’s oil
of a Chinese-backed railway project expected to minister stated that nationwide gas output has
improve fuel distribution across the country. reached a record level of 1.04bn cubic metres per
The railway will run from Djibouti, where day, with around 700mn cubic metres per day
fuel is imported, to the central Ethiopian town coming from South Pars alone.
of Awash. The project’s contractor, China Civil
Engineering Construction Corp. (CCECC), is NorthAmOil: ConocoPhillips in court
set to finish construction in nine to 12 months. This week, a court has temporarily delayed the
start of winter construction at ConocoPhillips’
Euroil: Norway hails first 2021 find Willow project in Alaska. US District Judge Sha-
Norway has hailed its first oil and gas discovery ron Gleason said in a decision on February 6 that
of 2021, near the Troll gas field in the North Sea. she would temporarily prevent ConocoPhillips
The Rover North find was made by state- from opening a gravel mine or building a gravel
owned Equinor and its partners DNO, Welles- road at the Willow site. This came after conser-
ley Petroleum and Petoro at production licence vation groups appealed against her February 1
(PL) 923, the Norwegian Petroleum Directorate decision allowing the work to go ahead.
(NPD) said on February 5. Equinor said sepa- Gleason’s latest decision said a “brief and lim-
rately that the find was 44-69mn barrels of oil ited” injunction to prevent the work was war-
equivalent (boe) in size, with DNO adding that ranted. It will be in place until February 20, or until
it was “well above” expectations. the Ninth Circuit Court rules on the request, she
added. However, Gleason said in her ruling that the
FSU OGM: Rosneft scores more tax breaks court “remains confident” in the original decision
Russia’s state oil producer Rosneft has signed to allow the work to proceed, though the Ninth Cir-
an investment deal worth up to RUB46bn cuit Court may disagree.™

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