Page 14 - AfrOil Week 06 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Imports up for PGNiG
(NRG), in which the reader is invited to join Poland’s PGNiG said last week that its LNG
our team of international editors, who provide a imports rose 10% in 2020 to reach 3.76bn cubic
snapshot of some of the key issues affecting their metres. This comes as the country continues
regional beats. We hope you will like NRG’s new to buy natural gas from Russia, but is trying to
concise format, but by clicking on the headline diversify its sources of supply ahead of the expiry
link for each section the full text will be available of a contract with Russia’s Gazprom in 2022.
as before. “For several years we have been consistently
limiting the import of natural gas from Russia,”
AsianOil: CNOOC Ltd aims to boost oil and said the president of PGNiG’s board, Paweł
gas production this year Majewski. “On the other hand, the possibilities
State-run Chinese offshore developer CNOOC of further reducing supplies from the eastern
Ltd has announced plans to boost its oil and gas direction are limited. We are bound by the ‘take
production by 3-5% this year as it seeks to bring or pay’ formula included in the Yamal contract
on stream several new fields both at home and binding PGNiG until the end of 2022,” he added.
abroad.
The listed arm of state-owned China National LatAmOil: AMLO’s policy considerations
Offshore Oil Corp. (CNOOC) aims to produce Mexico’s presidential administration suffered
545-555mn barrels of oil equivalent in 2021, up a setback last week, when the Supreme Court
from a projected 528mn boe in 2020, the com- rejected proposed regulatory changes put for-
pany said in a February 4 filing to the Hong Kong ward by the Secretariat of Energy (SENER).
Stock Exchange (HKEx). The court ruled against SENER on the
grounds that its plans for offering preferential
DMEA: Ethiopia hopes railway project will treatment to CFE, the national electricity pro-
improve fuel distribution vider, would inhibit competition and complicate
Ethiopia launched construction on February efforts to reduce emissions. This decision has
1 of a Chinese-backed railway project that is implications for the oil and gas sector, as it may
expected to improve fuel distribution across the lead President Andres Manuel Lopez Obrador
country. to amend Mexico’s constitution to ensure that
The railway will run from Djibouti, where state-run entities such as the national oil com-
fuel is imported, to the central Ethiopian town pany (NOC) Pemex lead the energy industry.
of Awash. The project’s contractor, China Civil
Engineering Construction Corp. (CCECC), is MEOG: Updates abound
set to finish construction in nine to 12 months. Iran, Oman and Kuwait grabbed the headlines in
the Middle East over the last week with a string
EurOil: Norway hails first 2021 find of significant announcements on project pro-
Norway has hailed its first oil and gas discov- gress and contract awards.
ery of 2021, made near the Troll gas field in the Foremost of these was the announcement
North Sea. from Tehran that it will soon complete the up-
The Rover North find was made by state- and downstream phases of the supergiant South
owned Equinor and its partners DNO, Welles- Pars offshore gas field, while the country’s oil
ley Petroleum and Petoro at production licence minister stated that nationwide gas output has
(PL) 923, the Norwegian Petroleum Directorate reached a record level of 1.04bn cubic metres per
(NPD) said on February 5. Equinor said sepa- day, with around 700mn cubic metres per day
rately that the find was 44-69mn barrels of oil coming from South Pars alone.
equivalent (boe) in size, with DNO adding that
it was “well above” expectations. NorthAmOil: ConocoPhillips in court over
Willow construction
FSU OGM: Rosneft scores more tax breaks This week, a court has delayed the start of winter
Russia’s state oil producer Rosneft has signed construction at ConocoPhillips’ Willow project
an investment deal worth up to RUB46bn in Alaska. US District Judge Sharon Gleason
($617mn) annually with the Natural Resources said in a decision on February 6 that she would
Ministry, covering incentives at the large but temporarily bar ConocoPhillips from opening a
mature Priobskoye oilfield in Western Siberia. gravel mine or building a gravel road at the Wil-
Output at the Soviet-era Priobskoye field low site. This came after conservation groups
peaked at 33.8mn tonnes (679,000 barrels per appealed her February 1 ruling allowing work
day) in 2009 and has been declining ever since, to go ahead.
dropping to 480,000 bpd in 2019. Even so, it still Gleason’s latest decision declared that a “brief
accounts for roughly 5% of Russia’s national oil and limited” injunction to prevent the work was
output. warranted. ™

P14 www. NEWSBASE .com Week 06 10•February•2021