Page 16 - AfrOil Week 01 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Russia’s state gas giant. Its flagship Nord Stream
(NRG), in which the reader is invited to join 2 project remains in limbo, with the certifica-
our team of international editors, who provide a tion process in Germany set to drag on into the
snapshot of some of the key issues affecting their second half of this year.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Venture Global strikes supply deal
link for each section the full text will be available with CNOOC
as before. US-based Venture Global LNG announced in
late December that it had struck a deal to sup-
AsianOil: Prelude FLNG shutdown ply LNG to a subsidiary of China National Off-
extended by regulator’s order shore Oil Corp. (CNOOC). This marks the first
Australia’s National Offshore Petroleum Safety LNG supply agreement signed between govern-
and Environmental Management Authority ment-controlled CNOOC and a US exporter of
(NOPSEMA) has ordered Shell not to restart its the fuel.
Prelude floating LNG facility until the company
can prove that it can keep the vessel properly LatAmOil: Argentina greenlights offshore
powered and that safety systems are operational. seismic work
The order comes in response to Shell’s move to Argentina’s government has given YPF, the
take Prelude offline after the facility, located off- national oil company (NOC), and its partners a
shore Western Australia, lost power after a fire. green light to proceed with seismic work at three
offshore blocks in the South Atlantic. Energy
DMEA: NNPC deals with refinery fire Secretary Dario Martinez revealed on January 3
Nigeria National Petroleum Corp. (NNPC) has that Buenos Aires had approved the companies’
extinguished a fire that broke out at its Port Har- environmental impact statements for the CAN
court Refining Complex (PRHC) on January 100, CAN 108 and CAN 114 licence areas.
1 without any extensive damage to the facility.
Meanwhile, QatarEnergy this week awarded an MEOG: Iraqi drilling and Saudi contracts
engineering, procurement, construction and State-owned Iraqi Drilling Co. (IDC) has main-
installation contract to US-based contractor tained momentum from 2021 into the New
McDermott International for the offshore scope Year, completing work on a well in the north
of its North Field Expansion project. of the country and kicking off a new well in the
south-east. Meanwhile, Saudi Aramco last week
EurOil: A year of regulatory reform awarded five major engineering, procurement
The EU is preparing a series of sweeping regu- and construction contracts worth more than
latory reforms this year in order to align its laws $4.5bn for work on the Zuluf crude increment
with its climate ambitions, and many of these programme.
changes will have a major impact on the oil and
gas industry. To this end, Brussels has published NorthAmOil: Washington approves
its Fit for 55 package, which includes changes to additional SPR release to ExxonMobil
the emissions trading system, a cross-border car- The US Department of Energy announced
bon tax and many other regulatory tweaks. on December 30 that it had approved a third
exchange of crude from the country’s Strategic
FSU OGM: A bumper year for Gazprom Petroleum Reserve for release to ExxonMobil.
Gazprom is on track to produce record profits The release is part of US President Joe Biden’s
this year on the back of Europe’s worst energy strategy to help ease oil supply challenges and
crunch in decades. But it is not all good news for lower gasoline prices. ™

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P16 www. NEWSBASE .com Week 01 05•January•2022