Page 18 - DMEA Week 01 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global But it is not all good news for Russia’s state gas
(NRG), in which the reader is invited to join giant. Its flagship Nord Stream 2 project remains
our team of international editors, who provide a in limbo, with the certification process in Ger-
snapshot of some of the key issues affecting their many set to drag on into the second half of this
regional beats. year.
We hope you enjoy NRG’s new concise for-
mat, but by clicking on the headline link for each GLNG: Venture Global strikes CNOOC deal
section the full text will be available as before. The US’ Venture Global LNG announced in late
December that it had struck a deal to supply
AfrOil: No deadline for Sonangol IPO yet LNG to a subsidiary of China National Offshore
Angola’s government is gearing up for the partial Oil Corp. (CNOOC). This marks the first LNG
privatisation of the national oil company Sonan- supply agreement signed between CNOOC and
gol but has not yet set a target date, according to a US exporter of the fuel.
Edson Pongolola, the director of the firm’s plan-
ning and control department. LatAmOil: Argentina OKs offshore seismic
Speaking in late December, Pongolola con- Argentina’s government has given YPF, the
firmed that Luanda was still preparing to unload national oil company (NOC), and its partners a
30% of the NOC’s equity through an IPO. green light to proceed with seismic work at three
offshore blocks in the South Atlantic.
AsianOil: Prelude’s extended shutdown Energy Secretary Dario Martinez revealed
Australia’s offshore safety authority has ordered on January 3 that Buenos Aires had approved
Shell not to return its Prelude floating LNG facil- the companies’ environmental impact state-
ity to service until the company can prove that it ments for the CAN 100, CAN 108 and CAN 114
can keep the vessel properly powered and that licence areas.
safety systems are operational.
The order comes in response to Shell’s move MEOG: Iraqi drilling and Saudi contracts
to take Prelude offline earlier in December after In this week’s MEOG, we look at Iraq’s contin-
the facility, located offshore Western Australia, ued drilling efforts and major awards for Saudi
lost power following a fire. oilfield work.
The state-owned Iraqi Drilling Co. (IDC) has
EurOil: A year of regulatory reform maintained momentum from 2021 into the New
The EU is preparing a series of sweeping regu- Year, completing work on a well in the north of
latory reforms this year in order to align its laws the country and kicking off a new well in the
with its climate ambitious, and many of these south-east.
changes will have a significant impact on the oil Meanwhile, Saudi Aramco last week awarded
and gas industry. five major engineering, procurement and con-
The European Commission has published its struction contracts worth more than $4.5bn for
Fit for 55 package that includes changes to the work on the Zuluf crude increment programme.
emissions trading system, the introduction of a
cross-border carbon tax and almost countless NorthAmOil: US approves SPR release
other regulatory tweaks to help decarbonise the The US Department of Energy announced
bloc’s economy. on December 30 that it had approved a third
exchange of crude from the country’s Strategic
FSUOGM: A bumper year for Gazprom Petroleum Reserve for release to ExxonMobil.
Gazprom is on track to produce record profits The release is part of US President Joe Biden’s
this year on the back of Europe’s worst energy strategy to help ease oil supply challenges and
crunch in decades. lower gasoline prices.™

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P18 www. NEWSBASE .com Week 01 06•January•2022