Page 17 - LatAmOil Week 22 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global many years, but the contract with Turkish firm
(NRG), in which the reader is invited to join Botas expired on April 17, bringing supplies to
our team of international editors, who provide a a standstill. Botas instead wants to import more
snapshot of some of the key issues affecting their spot-priced LNG to save on cost.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Lukoil beats expectations
link for each section the full text will be available Russia’s Lukoil swung to a net profit of
as before. RUB157bn ($2.14bn) in the first quarter, ver-
sus a RUB46bn loss a year earlier, on the back
AfrOil: Tlou Energy to develop “hydrogen of higher oil prices, increased gas supply and a
strategy” for GTP project recovery in fuel demand. Significant devaluation
Australia’s Tlou Energy hopes that its Lesedi gas- of the Russian ruble since the pandemic began
to-power (GTP) project in Botswana will serve was also a major factor.
as a springboard for blue and green hydrogen
production. The company intends to develop GLNG: Venture Global unveils CCS plan for
a “hydrogen strategy” to complement the GTP Louisiana LNG projects
scheme and has already secured some of the US-based Venture Global LNG announced last
assets and administrative permits it will need to week that it would develop carbon capture and
begin turning out hydrogen. storage (CCS) capacity to serve two of its LNG
export projects on Louisiana’s Gulf Coast. Ven-
AsianOil: ConocoPhillips to exit Corridor ture Global said that the CCS project still needed
block in Indonesia regulatory approvals but was shovel-ready.
US super-major ConocoPhillips is reportedly
gearing up to walk away from the Corridor nat- MEOG: Azadegan, West Qurna-2 in focus
ural gas block onshore Indonesia. The deputy Iran’s NIOC signed memoranda of understand-
head of upstream regulator SKK Migas, Fatar ing (MoUs) with Persia Oil & Gas Industry
Yani Abdurrahman, revealed last week that the Development Co. (POGIDC) for the north-
company had told the agency that it wanted to ern sector of the 32bn barrel Azadegan, with
relinquish its stake in the licence. Petropars and PetroIran Development Co.
(PEDCO) for the central sector, and with inde-
DMEA: Kuwait finishes CFP pendents Pasargad Energy Development Co.
Kuwait’s downstream-focused KNPC this week (PEDC) and Dana Energy for the southern
announced that it had completed a new hydro- sector.
cracking unit at the Mina Abdullah refinery.
This move signals the completion of work on the NorthAmOil: Shareholders put pressure on
$15.7bn CFP. super-majors
US super-majors Chevron and ExxonMo-
EurOil: OIES report raises doubts about bil both suffered defeats at the hands of their
SGC expansion shareholders last week. A relatively small activ-
A report published by the Oxford Institute ist investor hedge fund succeeded in having at
for Energy Studies (OIES) has cast doubt on least two of its nominees elected to ExxonMo-
whether an expansion at the Southern Gas Cor- bil’s board, while Chevron shareholders voted
ridor (SGC) gas pipeline network will go ahead, nearly 61% in favour of a proposal to force the
pointing to unfavourable market and political super-major to cut its Scope 3 greenhouse gas
conditions. Shah Deniz’s first phase has supplied (GHG) emissions – or those generated by cus-
6.6bn cubic metres per year of gas to Turkey for tomers using its product. ™

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Week 22 03•June•2021 www. NEWSBASE .com P17