Page 14 - NorthAmOil Week 09 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSU OGM: Kazakhstan’s big oil find
(NRG), in which the reader is invited to join Local authorities in Kazakhstan’s oil-rich west-
our team of international editors, who provide a ern Mangistau region have reported the discov-
snapshot of some of the key issues affecting their ery of what could be the region’s biggest oil find
regional beats. We hope you will like NRG’s new since the country’s independence in 1991.
concise format, but by clicking on the headline link A power gush of oil was reported at an explo-
for each section the full text will be available as ration well drilled by a local company called
before. Meridian Petroleum, the Mangistau provincial
government said in a statement on February 26.
AfrOil: Sasol’s gas FID The field has been named after celebrated Sovi-
South Africa’s Sasol has made a final invest- et-era oilman Khalel Uzbekgaliyev.
ment decision (FID) on the development of
an onshore natural gas field in neighbouring GLNG: Jordan Cove LNG in doubt
Mozambique. The future of Pembina Pipeline’s proposed Jor-
This move will allow the company to move dan Cove LNG export terminal in Oregon looks
forward with this $760mn project, which will increasingly in doubt, with the company taking a
include overland gas shipments to South Africa, write-down on its investment in the project.
LPG production for the local market and the Pembina now says it can no longer predict
construction of a gas-fired thermal power plant when the facility may be built, and is evaluating
(TPP). the path forward.

AsianOil: IOC plans Panipat refinery expan- LatAmOil: Ecopetrol comments on ISA bid
sion Colombia’s national oil company (NOC) Eco-
State-run refiner Indian Oil Corp. (IOC) has petrol has defended its decision to submit a bid
unveiled a multi-billion-dollar plan to expand for a majority stake in Interconexion Electrica
the capacity of its Panipat refinery by 200,000 SA (ISA), the country’s electricity transmission
barrels per day. system operator (TSO). According to Felipe
The company said on February 26 that it Bayon, the company’s CEO, the TSO is a good
would invest INR329.46bn ($4.49bn) to increase investment, even though it falls outside Ecopet-
the facility’s capacity to 500,000 bpd by Septem- rol’s core business.
ber 2024.
MEOG: Conduits in the crosshairs
DMEA: Dangote to the rescue Pipelines took centre stage in the Middle East
The refinery currently being built by Nigeria’s this week. While a gas pipeline in eastern Syria
Dangote Group has once again been hailed as a was attacked amid growing tensions in the
potential saviour for Nigeria. This time, the gov- region, Saudi Arabia has pitched to make itself
ernor of the country’s Central Bank has said that the centre of the nascent hydrogen market, offer-
once it comes into production the 650,000 barrel ing to pipe hydrogen to Europe.
per day (bpd) facility will sell products in naira, Nobody has yet claimed responsibility for
saving the government from spending around the attack on the al-Jabsa-al-Rayyan pipeline in
41% of its foreign exchange on petroleum prod- the oil-rich Syrian province of Deir Ezzor, which
uct imports. is home to the bulk of the country’s oil and gas
reserves and producing assets.
EurOil: European refining developments
Royal Dutch Shell is looking to construct the NorthAmOil: Crude-by-rail on the rebound
first ever commercial bio-power-to-liquid Canadian crude-by-rail exports are reported to
(bio-PTL) unit at its Rheinland refinery in be rebounding after falling almost 40% in 2020,
Germany, the company said on February 26. according to the Canada Energy Regulator
The project will involve expanding an exist- (CER).
ing 10-MW electrolyser to a capacity of 100 MW. The regulator’s data show that crude-by-rail
Using green hydrogen produced from the elec- exports averaged 172,013 barrels per day, com-
trolyser as well as biomass, the PTL unit would pared with 280,272 bpd in 2019.
produce 100,000 tonnes per year (tpy) of syn-
thetic kerosene and naphtha. See the archive and sign up to receive NRG Editor’s
Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 09 04•March•2021