Page 17 - MEOG Week 21 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global sanctions on the Russian company developing
(NRG), in which the reader is invited to join the Nord Stream 2 pipeline – a decision that has
our team of international editors, who provide a been welcomed by both Germany and Russia.
snapshot of some of the key issues affecting their The US government has instead said it will
regional beats. maintain its sanctions on the Russian pipelaying
We hope you will like NRG’s new concise for- vessels that are building the pipeline, which is
mat, but by clicking on the headline link for each now more than 95% complete.
section the full text will be available as before.
FSUOGM: Gazprom starts Baltic gas work
AfrOil: Major tie-up in Angola Russia’s Gazprom has formally started construc-
This week’s AfrOil looks at a strategic tie-up tion on a major gas processing and LNG com-
between BP and Eni in Angola, while an indus- plex at the Baltic Sea port of Ust-Luga.
try veteran gives his take on the short-term The project, a joint venture between Gaz-
future of African E&P. prom and a private Russian partner RusGazDo-
Majors BP and Eni last week announced plans bycha, is poised to become Russia’s largest gas
to combine their oil and gas interests in Angola processing facility and one of the world’s largest
through a joint venture that would become one in terms of production volumes.
of the continent’s largest producers.
Meanwhile, Eskil Jersing, business devel- GLNG: Predator preps Moroccan FSRU bid
opment advisor at Eburon Resources, said that UK-based Predator Oil & Gas has said in an
“continued project delays are likely to limit pro- update that it is preparing to submit a bid to
duction increases and lead to the lowest reserve build and operate a floating storage and regas-
additions since the early 1980s and around 50% ification unit (FSRU) to import LNG into
lower than in 2015”. Morocco.
The company’s Predator Gas Ventures
AsianOil: India’s gas up, oil down Morocco Branch (PGVMB) subsidiary is pre-
India recorded a significant jump in its natural paring to submit the bid in response to a call for
gas production in April, even as its crude oil out- expressions of interest issued by the Moroccan
put continued to slide. government, with a deadline of May 31, 2021.
The country produced 2.65bn cubic metres
of gas last month, up 22.7% from the 2.16 bcm LatAmOil: Bid in for Brazilian pipeline
produced in April 2020, the Indian Ministry of A consortium led by Canada’s Enbridge has
Petroleum and Natural Gas revealed on May 21. reportedly submitted a bid for Brazil’s largest
natural gas import pipeline.
DMEA: Tender for Nigerian maintenance Citing three sources familiar with the matter,
This week’s DMEA covers a long-awaited ten- Reuters reported last week that the non-binding
der for refinery maintenance in Nigeria and a offer had been put in by a group of companies
contract award to an American firm for flare gas that also includes Belgium’s Fluxys and US-based
recovery in Egypt. private equity firm EIG Global Energy Partners.
The Nigerian National Petroleum Corp.
(NNPC) launched a tender for a contract for NorthAmOil: Cimarex, Cabot merger
operations and maintenance (O&M) services at US shale players Cabot Oil & Gas and Cimarex
the country’s four state-owned refineries. Energy have announced a merger of equals val-
ued at roughly $7.4bn. The all-stock transaction
EurOil: US concedes on Nord Stream 2 will create a company with an enterprise value
The US has confirmed it will not impose of around $17bn, to be named at a later date.™

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Week 21 26•May•2021 www. NEWSBASE .com P17