Page 16 - EurOil Week 15 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

Welcome to NewsBase’s Roundup Global GLNG: India’s First FSRU Arrives At Jaigarh
NRG (NRG), in which the reader is invited to join Terminal
our team of international editors, who provide a India’s first floating storage and regasification
snapshot of some of the key issues affecting their unit (FSRU) has arrived in the country. The
regional beats. We hope you will like NRG's new Höegh Giant sailed from Keppel Shipyard in
concise format, but by clicking on the headline Singapore, berthing at H-Energy’s Jaigarh ter-
link for each section the full text will be available minal in Maharashtra on April 12. The FSRU
as before. has a storage capacity of 170,000 cubic metres
and installed regasification capacity of 750mn
AfrOil: New Agreements Clear The Way For cubic feet (21mn cubic metres) per day, which
EACOP is equivalent to about 6mn tonnes per year (tpy)
The governments of Uganda and Tanzania have of LNG. H-Energy noted in a statement that it
joined representatives of France’s Total and had chartered the facility for a 10-year period.
China National Offshore Oil Corp. (CNOOC) in
finalising host government agreements (HGAs) LatAmOil: Argentina Mulls Oil Price Controls
for the East Africa Crude Oil Pipeline (EACOP) Argentina’s government is looking to estab-
project. lish long-time price controls for the domestic
oil market, according to Production Minister
AsianOil: Eni Expands Vietnamese Portfo- Matias Kulfas. The administration of President
lio Alberto Fernandez had included provisions for
Italian major Eni has closed its acquisition of setting a floor and ceiling for domestic oil prices
Singaporean independent KrisEnergy’s 100% into draft legislation designed to attract more
stake in Block 115/09, which lies offshore investment into the hydrocarbon sectors, Kulfas
Vietnam. told Bloomberg in an interview last week.
Eni said on April 12 that the acquisition fur-
ther strengthened its presence in the Southeast MEOG: Sealed Deal And IPO Plans
Asian country, “consolidating its position in the Aramco and ADNOC took centre stage this
recently discovered Ken Bau like play”, while week as a deal was finally agreed for the sale and
furthering its efforts to expand its Asian gas lease back of Saudi oil pipelines while the Emirati
portfolio. firm considers an IPO of its drilling arm.
The Saudi firm agreed a multi-billion-dollar
DMEA: Refineries Under Fire Again deal with a group of investors to sell and lease
Yemen’s Houthi militia this week claimed back a stake in its oil pipelines business that
another attack on Saudi Arabian oil infrastruc- values the newly formed Aramco Oil Pipelines
ture, this time targeting Aramco facilities at Jed- Co. at around $25bn. The consortium, led by
dah and Jubail. EIG Global Energy Partners, will pay $12.4bn to
Just a day after Aramco had announced a acquire a 49% stake in the subsidiary, which has
deal for the lease of its oil pipeline network, the been accorded 25 years of rate payments for oil
Houthis struck at dawn in a retaliatory move transferred through the parent firm’s extensive
against the Saudi-led military campaign in in-kingdom network.
Yemen.
NorthAmOil: A Boost For Dakota Access
FSUOGM: Russia Slashes Fossil Fuel Fore- The Dakota Access oil pipeline received a boost
casts last week, when the administration of US Pres-
Russia has slashed its forecasts for oil, gas ident Joe Biden said it would not force the pipe-
and coal production in 2021 and 2022, tak- line to be shut down while federal regulators
ing into account the pandemic’s impact, carry out a new environmental review on the See the archive and
OPEC+ quotas and lower commodity project. sign up to receive
prices. The fight over Dakota Access’ future contin- *NRG Editor’s Picks*
The government now projects that oil ues, with opponents of the project awaiting a for free by email each
output will reach 517mn tonnes (10.4mn court ruling that could still result in the pipeline week here
barrels per day), versus a previous pro- being shut down. However, a Department of
jection of 11.25mn bpd. The earlier fore- Justice (DoJ) lawyer, Ben Schifman, told the US
cast was made before Russia committed District Court for the District of Columbia that
to unprecedented production cuts with while the federal government had the author-
its OPEC+ allies, in attempt to rebalance ity to take enforcement action against Dakota
markets following the demand destruction Access – which could include a shutdown – it
caused by the pandemic. would not do so “at this time”.™

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