Page 17 - EurOil Week 17 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global commissioning, Gazprom announced on
(NRG), in which the reader is invited to join April 21. The milestone comes three months
our team of international editors, who provide a after the pair started producing gas from the
snapshot of some of the key issues affecting their adjacent Achimov 4A block. Gas from the two
regional beats. We hope you will like NRG's new sites is being pumped into Gazprom’s trans-
concise format, but by clicking on the headline mission system, the company said.
link for each section the full text will be available
as before. GLNG: Philippines approves LNG-to-power
project
AfrOil: Total Declares Force Majeure On The government of the Philippines has approved
Mozambique LNG Vires Energy’s proposed LNG-to-power project.
France’s Total has issued a declaration of force The Philippine Department of Energy (DoE)
majeure on the Mozambique LNG project, cit- issued a “notice to proceed” (NTP) on April 22,
ing unfavourable security conditions in Cabo which it said is the first step for a company seek-
Delgado, Mozambique’s northernmost province. ing to build an LNG terminal or other down-
In a statement published earlier this week, stream gas project.
the company confirmed that it had withdrawn
all project personnel from the construction site LatAmOil: YPFB To See Revenues Rise This
where it is building an onshore complex and Year
LNG plant. Wilson Zelaya, the CEO of Bolivia’s national
oil company (NOC) YPFB, has said that con-
AsianOil: Eni Starts Up Indonesian Deep- ditions are improving in his country’s hydro-
water Gas Field carbon sector.
Italian major Eni has started producing natural Speaking during the 2021 Initial Public
gas from its deepwater Merakes project in the Accountability Hearing last week, Zelaya
East Sepinggan block offshore Indonesia. reported that YPFB was on track to see crude
The company said on April 26 that the pro- oil and natural gas revenues rise above $1.9bn
ject had a guaranteed production capacity of this year, up by 35% on the 2020 figure. He
450mn cubic feet (12.74mn cubic metres) per also said that the NOC had tasked KBR (US)
day thanks to its five subsea wells. and Toyo Engineering (Japan) with repairing
East Sepinggan is located in East Kalim- the damage that its Ammonia and Urea Plant
antan’s Kutei Basin in around 1,500 metres of (PAU) suffered last year.
water. Eni operates the block with a 65% stake,
while Neptune Energy owns 20% and Pertam-
ina holds the remaining 15%. MEOG: Aramco Assets And Iraqi Talks
With Saudi Aramco having completed its
DMEA: NNPC’s Woes And Durban’s Termi- $12.4bn oil pipeline lease deal, reports have
nal Plan emerged that it will look to replicate the strat-
In Nigeria this week, NNPC released data show- egy on other assets, while in Iraq, the Ministry of
ing that its refineries have been shut in for 19 Oil (MoO) is racing to complete a deal to replace
consecutive months, while South Africa’s old- ExxonMobil in the West Qurna-1 consortium
est refinery is to be converted into a fuel import while trying to reach a contractual agreement
terminal. with Total on its mega deal.
During the period of July 2019 until January
2021, Nigeria’s four state-owned facilities – two
at Port Harcourt, one at Warri and one at Kaduna NorthAmOil: Schlumberger Predicts Quick-
– have had a utilisation rate of 0%, costing NNPC er Recovery Than Before
more than $460mn. Oilfield services giant Schlumberger has revised
its projections for the pace of the oil and gas
FSUOGM: More Achimov Gas Comes On industry’s recovery.
Stream Schlumberger’s CEO, Olivier Le Peuch, said See the archive and
Russia’s Gazprom and Germany’s Wintershall on the company’s earnings call last week that sign up to receive
Dea have kicked off gas production at Block oil demand would reach pre-pandemic levels *NRG Editor’s Picks*
5A of the Achimov layer of the giant Urengoy by the end of 2022. This would mark a quicker for free by email each
gas field in Western Siberia. recovery than the one he projected during week here
Both gas and condensate are now flow- Schlumberger’s previous earnings release three
ing from the site, which is undergoing months ago.™

Week 17 29•April•2021 www. NEWSBASE .com P17