Page 15 - FSUOGM Week 02 2022

FSUOGM NEWSBASE’S ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global
(NRG), in which the reader is invited to join NRG GLNG: Novatek Signs Arctic LNG 2
our team of international editors, who provide Supply Deals With Two Chinese Firms
a snapshot of some of the key issues affecting Russia’s Novatek announced on January 11 that it
their regional beats. We hope you will like had struck separate long-term supply agreements
NRG’s new concise format, but by clicking on with two Chinese companies – Zhejiang Provin-
the headline link for each section the full text cial Energy Group and ENN Natural Gas.
will be available as before. Both deals entail LNG being supplied from
Novatek’s Arctic LNG 2 project, which is under
AfrOil: Five Nigerian Firms May Bid For construction and scheduled to start production
Shell’s SPDC Stake in 2023.
Five Nigerian independents have shown inter-
est in joining Shell Petroleum Development Co. LatAmOil: Ecuador Lifts Force Majeure
(SPDC), a joint venture that operates 19 onshore The government of Ecuador has lifted a decla-
oil and gas licences in the southern part of the ration of force majeure on exports of crude via
country. the country’s two main pipeline systems, the
Industry and banking sources told Reuters last Trans-Ecuadorian Oil Pipeline System (SOTE)
week that at least five Nigerian independents and privately-owned Heavy Crude Pipeline
have indicated that they will submit offers for (OCP).
Royal Dutch Shell’s 30% stake in SPDC before Energy Minister Juan Carlos Bermeo made a
the end of January. formal announcement on Quito’s move to end
force majeure on January 6, saying that the oil
AsianOil: Bohai Overtakes Daqing As Chi- industry had taken sufficient action to mitigate
na’s Largest Oilfield the threat of soil erosion that led to a 20-day shut-
The Bohai cluster offshore China has overtaken down in December
Daqing to become the country’s largest pro-
ducing oilfield. According to state news agency MEOG: INOC To Take The Reigns
Xinhua, output from Bohai hit 30.132mn tonnes In this week’s MEOG, we look at Iraq’s plans
(602,640 barrels per day, or bpd) in 2021, edging to take control at another major southern
out the onshore Daqing, which produced 30mn oilfield as it also works to increase oil export
tonnes (600,000 bpd) last year. capabilities.
The country’s Ministry of Oil (MoO) last
DMEA: Refining In Sight At Cabinda week said that the recently re-established Iraqi
This week, DMEA looks at refining progress National Oil Co. (INOC) would take control of
in Angola and efforts by Aramco’s oil pipeline ExxonMobil’s stake in the West Qurna-1 (WQ-
investors to refinance their $10.8bn loan. 1) oilfield. I
The first of Angola’s three planned refineries is
set to begin operations this year, following a NorthAmOil: Enterprise To Buy Navitas For
final investment decision (FID) by its British $3.3bn
backer in late 2020. Enterprise Products Partners announced this
week that it had agreed to acquire Navitas Mid-
EurOil: Netherlands Expects To Nearly stream Partners from an affiliate of Warburg Pin-
Double Groningen Quota cus for $3.25bn.
The Dutch government said on January 6 that it The deal will expand Enterprise’s presence into
expected to increase the amount of gas permit- the Permian Basin’s Midland sub-basin, where
ted to be produced at the Groningen field in the the company does not currently have gas or nat-
current gas year to 7.6bn cubic metres, up from ural gas liquids (NGLs) operations other than
a previous allowance of 3.9 bcm. downstream pipelines.
Groningen is the largest gas field in Europe out-
side Russia, but the Netherlands has been stead- See the archive and sign up to receive NRG
ily winding down its output following years of Editor’s Picks for free by email each week
earthquakes caused by production activities. here.™

Week 02 12•January•2022 www. NEWSBASE .com P15