Page 15 - NorthAmOil Week 11 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global KazMunayGas (KMG) published a letter sent by
(NRG), in which the reader is invited to join BP last October on March 10, stating that after 18
our team of international editors, who provide a months of evaluation work it had decided not to
snapshot of some of the key issues affecting their pursue the Bolshoy Zhambyl, Zhemchuzhnaya
regional beats. We hope you will like NRG’s new and Kalamkas Sea blocks.
concise format, but by clicking on the headline link
for each section the full text will be available as GLNG: Albanian feasibility study, US ex-
before. ports and carbon-compensated LNG in
Spain
AfrOil: Objections to fuel price hikes Plenty of LNG-related developments continue
Fuel price hikes have sparked anger in two Afri- to emerge. Last week, Excelerate Energy and
can countries over the last week. In Nigeria, the ExxonMobil LNG Market Development signed
Petroleum Products Pricing Regulatory Agency a memorandum of understanding (MoU) with
(PPPRA) has come under fire for raising the the government of Albania to conduct a feasibility
pump price of gasoline. In Kenya, the Energy study for a potential LNG import terminal in the
and Petroleum Regulatory Authority (EPRA) country.
has increased prices for gasoline, diesel and ker- Separately, Spain’s Repsol used carbon offsets
osene, citing higher import costs. for the first time to compensate for the emissions
from LNG that it delivered to Sweden’s Fure-
AsianOil: Indonesia sets upstream content tank Rederi at a terminal owned by Enagas in
targets south-eastern Spain.
Indonesia’s upstream watchdog SKK Migas has
set a local content target for upstream invest- LatAmOil: Pemex’s big discovery
ment in 2021, after the coronavirus (COVID-19) Mexico’s national oil company (NOC) Pemex
pandemic derailed last year’s target. has reported the discovery of a large new field
The head of SKK Migas’ goods and services off the coast of Tabasco State in the southern
procurement management division, Erwin Gulf. Octavio Romero, the CEO of Pemex, has
Suryadi, said on March 10 that upstream pro- described the site as “gigantic” and says it may
curement spending had amounted to $3bn in hold as much as 1bn barrels of crude in combi-
2020, with local content providers winning nation with other nearby deposits.
about 56% of that total.
MEOG: ADNOC deal and Iraqi impasse
DMEA: Tema time and tankers under fire As oil exporters around the Middle East ride
Last week, Ghana’s energy minister visited the high on bullish prices, attention has returned to
country’s struggling Tema Oil Refinery, giving a deal-making.
rallying cry to workers and pledging state sup- Last week, Abu Dhabi National Oil Co.
port for the unit. Despite efforts to reinvigorate (ADNOC) continued its recent spate of strate-
the unit, Tema continues to operate at reduced gic tie-ups with Asian companies, finalising a
levels following an explosion at its distillation broad agreement with Malaysian counterpart
unit four years ago. Petronas. The Emirati firm said that they would
explore opportunities throughout the oil and
Euroil: Tulip divests Dutch fields gas value chain, focusing on conventional and
Dutch firm Tulip Oil has agreed to sell a group unconventional resources in the upstream as
of gas fields in the Netherlands’ offshore zone well as assessing potential fuel and petrochem-
to AIM-listed investment group Kistos for at icals projects in the downstream.
least €220mn ($263mn), the companies said
on March 12. NorthAmOil: US rig counts down but pro-
Tulip will sell its subsidiary Tulip Oil Neth- duction bouncing back
erlands, which owns operating interests in the The US’ active rig count edged down by one last
Q-10A gas field and the Q-10B, Q-11B and M10/ week, according to oilfield services firm Baker
M11 discoveries, as well as other projects in the Hughes. This marked the first time the US rig
Dutch North Sea. count had fallen since November.
The small change does not necessarily indi-
FSU OGM: BP axes Kazakh plans cate a reversal of the overall upward trend in
UK major BP has scrapped plans for three recent months, but does show that US drillers
oil projects in Kazakhstan after announcing continue to proceed with caution.
a shift in its global strategy last year towards
renewables. See the archive and sign up to receive NRG Editor’s
Kazakhstan’s national oil company (NOC) Picks for free by email each week here.™

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