Page 17 - AsianOil Week 15 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global GLNG: India’s first FSRU arrives
(NRG), in which the reader is invited to join INDIA’S first floating storage and regasification
our team of international editors, who provide a unit (FSRU) has arrived in the country. The
snapshot of some of the key issues affecting their Höegh Giant sailed from Keppel Shipyard in
regional beats. We hope you will like NRG's new Singapore, berthing at H-Energy’s Jaigarh termi-
concise format, but by clicking on the headline nal in Maharashtra on April 12. The FSRU has
link for each section the full text will be available a storage capacity of 170,000 cubic metres and
as before. installed regasification capacity of 750mn cubic
feet (21mn cubic metres) per day.
AfrOil: Agreements clear way for EACOP
THE governments of Uganda and Tanzania LatAmOil: Argentina mulls price controls
have joined representatives of France’s Total and ARGENTINA’S government is looking to estab-
China National Offshore Oil Corp. (CNOOC) in lish long-time price controls for the domestic
finalising host government agreements (HGAs) oil market, according to Production Minister
for the East Africa Crude Oil Pipeline (EACOP) Matias Kulfas. The administration of President
project. Alberto Fernandez had included provisions for
setting a floor and ceiling for domestic oil prices
DMEA: Refineries under fire again into draft legislation designed to attract more
YEMEN’S Houthi militia this week claimed investment into the hydrocarbon sectors, Kulfas
another attack on Saudi Arabian oil infrastruc- told Bloomberg in an interview last week.
ture, this time targeting Aramco facilities at
Jeddah and Jubail. Just a day after Aramco had MEOG: Sealed deal and IPO plans
announced a deal for the lease of its oil pipeline ARAMCO and ADNOC took centre stage this
network, the Houthis struck at dawn in a retal- week as a deal was finally agreed for the sale and
iatory move against the Saudi-led military cam- lease back of Saudi oil pipelines while the Emi-
paign in Yemen. rati firm considers an IPO of its drilling arm. The
Saudi firm agreed a multi-billion-dollar deal
Euroil: Equinor backs hydrogen power plant with a group of investors to sell and lease back
NORWEGIAN oil firm Equinor and UK utility a stake in its oil pipelines business that values
SSE have teamed up to develop what would be the newly formed Aramco Oil Pipelines Co. at
the world’s first hydrogen-fired power plant in around $25bn. Meanwhile, following the success
northern England. The UK government is push- of its own asset monetisation efforts in the last
ing for large-scale hydrogen development as a few years, ADNOC is considering listing its drill-
means of decarbonising some of the country’s ing arm on the local stock exchange.
most carbon-intensive industries.
NorthAmOil: A boost for Dakota Access
FSUOGM: Russia slashes forecasts THE Dakota Access oil pipeline received a
RUSSIA has slashed its forecasts for oil, gas and boost last week, when the administration of US
coal production in 2021 and 2022, taking into President Joe Biden said it would not force the
account the pandemic’s impact, OPEC+ quotas pipeline to be shut down while federal regula-
and lower commodity prices. The government tors carry out a new environmental review on
now projects that oil output will reach 517mn the project. The fight over Dakota Access’ future
tonnes (10.4mn barrels per day), versus a previ- continues, with opponents of the project await-
ous projection of 11.25mn bpd. ing a court ruling that could still result in the
pipeline being shut down.™

Week 15 15•April•2021 www. NEWSBASE .com P17