Page 15 - FSUOGM Week 38 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: US Manufacturers Call For LNG Re-
(NRG), in which the reader is invited to join strictions
our team of international editors, who provide a A major trade group in the US has urged the
snapshot of some of the key issues affecting their government to take steps to curtail the coun-
regional beats. We hope you will like NRG's new try’s LNG exports, warning of high domestic
concise format, but by clicking on the headline prices and potentially shortages later this year.
link for each section the full text will be available The request revives a decade-long dispute over
as before. the economic benefits of rising LNG exports
and the impact that they have on the domes-
AfrOil: Nigeria Establishes NNPC Ltd As tic industry that depends on low-cost gas for
New NOC power and feedstock.
Nigerian President Muhammadu Buhari has Industrial Energy Consumers of Amer-
issued an order authorising the incorporation of ica (IECA), representing chemical, food and
Nigerian National Petroleum Corp. Ltd (NNPC materials manufacturers with some $1 trillion
Ltd), in line with Section 53(1) of the recently in combined annual sales, warned in a letter to
signed Petroleum Industry Act (PIA). This act US Energy Secretary Jennifer Granholm that
lays the groundwork for the new company to “US consumers, the health of the economy,
replace an existing state-run entity, Nigerian and national security should take priority over
National Corp. (NNPC) as Nigeria’s national oil LNG export profits.
company (NOC).
LatAmOil: BpTT Brings Matapal Field On
AsianOil: Strike Completes Pre-FEED At Stream Ahead Of Schedule
WA Ammonia Project BP Trinidad and Tobago (bpTT), a subsid-
Australian natural gas developer Strike Energy iary of BP (UK), revealed on September
has completed a pre-front-end engineering and 20 that it had begun extracting natural gas
design (pre-FEED) study on an ammonia and from the Matapal field offshore Trinidad and
urea manufacturing facility development in Tobago.
Western Australia. In a statement, bpTT said it had succeeded
Strike said on September 20 that interna- in bringing Matapal on stream seven months
tional oil and gas services provider Technip ahead of schedule, despite the challenges
Energies’ seven-month plant study had resulted posed by the global coronavirus (COVID-
in a 6% reduction in capital estimates compared 19) pandemic. The field is now ramping up to
with feasibility study estimates from January. its initial production rate of 250-350mn cubic
feet (7.08-9.91mn cubic metres) per day of
DMEA: Saudis In South Sudan Supply Talks gas, it reported.
This week’s DMEA looks at talks between
Saudi Aramco and South Sudan over oil MEOG: Iraq Moves To Capture Gas
product supplies and the ongoing resump- This week’s MEOG looks at efforts by Iraq to
tion of protests at Libyan oil terminals. capture and utilise associated gas, while its
South Sudan is expected to agree terms state oil marketer said it is yet to receive any
with Saudi Aramco on the long-term supply oil volumes from the Kurdistan region.
of oil derivatives following the recent signing Baker Hughes this week agreed a deal
of a memorandum of understanding (MoU). with the Ministry of Oil to capture up to
200mn cubic feet (5.7mn cubic metres) per
EurOil: Lundin Targets Climate Neutrality day of gas from the Nassiriyah and Gharraf
In 2023 oilfields in Dhi Qar Governorate.
Sweden’s Lundin has brought forward its
target for reaching carbon neutrality by two NorthAmOil: ConocoPhillips Snaps Up
years to 2023, the company announced on Shell’s Permian Assets
September 15, representing the most ambi- Royal Dutch Shell has agreed to sell its port-
tious climate target for an oil company of its folio of shale assets in the US’ Permian Basin
size. to ConocoPhillips for $9.5bn in cash. See the archive and
The company, whose flagship project Shell’s assets cover around 225,000 net sign up to receive
is the Edvard Grieg field in the Norwegian acres (910.5 square km) and produce about *NRG Editor’s Picks*
North Sea, said the target covered Scope 1, 175,000 barrels of oil equivalent per day for free by email each
2 and 3 emissions. It plans to deliver on this (boepd). The Anglo-Dutch super-major said week here
goal with the help of natural carbon capture on September 20 that after having reviewed
projects, such as forestation initiatives, and “multiple strategies and portfolio options”
carbon credit offtake agreements. These pro- for the assets, the ConocoPhillips deal
jects have undergone due diligence and their had emerged as the most compelling value
climate credentials have been certified. proposition.

Week 38 22•September•2021 www. NEWSBASE .com P15