Page 16 - FSUOGM Week 22 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global for Energy Studies (OIES) has cast doubt on
(NRG), in which the reader is invited to join whether an expansion at the Southern Gas
our team of international editors, who provide a Corridor (SGC) gas pipeline network will go
snapshot of some of the key issues affecting their ahead, pointing to unfavourable market and
regional beats. We hope you will like NRG's new political conditions.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Venture Global Unveils CCS Plan For
as before. Louisiana LNG Projects
US-based Venture Global LNG announced last
Afroil: Tlou Energy To Develop “Hydrogen week that it would develop carbon capture and
Strategy” For GTP Project storage (CCS) capacity to serve two of its LNG
Australia’s Tlou Energy hopes that its Lesedi gas- export projects on Louisiana’s Gulf Coast.
to-power (GTP) project in Botswana will serve Venture Global said that the CCS pro-
as a springboard for blue and green hydrogen ject still needed regulatory approvals but was
production. The company intends to develop shovel-ready.
a “hydrogen strategy” to complement the GTP
scheme and has already secured some of the LatAmOil: Hess, ExxonMobil Optimistic
assets and administrative permits it will need to About Yellowtail Project
begin turning out hydrogen. ExxonMobil and Hess both expect to move
forward quickly with preparations for oil
AsianOil: ConocoPhillips To Exit Indone- production at Yellowtail, the fourth section
sia’s Corridor Block of the Stabroek block offshore Guyana slated
US super-major ConocoPhillips is reportedly for development.
gearing up to walk away from the Corridor nat-
ural gas block onshore Indonesia. MEOG: Azadegan And Qurna-2 In Focus
The deputy head of upstream regulator This week’s MEOG considers projects
SKK Migas, Fatar Yani Abdurrahman, revealed to increase production from two of the
last week that the company had told the agency world’s largest oilfields: Azadegan and West
that it wanted to relinquish its stake in the Qurna-2.
licence. Iran’s NIOC signed memoranda of under-
standing (MoUs) with Persia Oil & Gas Indus-
DMEA: Dangote Admirers And Kuwait Fin- try Development Co. (POGIDC) for the
ishes CFP northern sector of the 32bn barrel Azadegan,
In this week’s DMEA, we take a look at the grow- with Petropars and PetroIran Development
ing interest among oil companies to acquire a Co. (PEDCO) for the central sector, and with
minority stake in Nigeria’s Dangote Refinery, independents Pasargad Energy Development
while Kuwait has completed construction of its Co. (PEDC) and Dana Energy for the southern
Clean Fuels Project (CFP). sector.
Following the news last week that the Nige-
rian National Petroleum Corp. (NNPC) is con- NorthAmOil: Shareholders Put Pressure On
sidering acquiring a stake in the new Dangote Super-Majors
Refinery, the facility’s developer has said that US super-majors Chevron and ExxonMobil
three foreign companies have also made invest- both suffered defeats at the hands of their
ment overtures. shareholders last week.
In ExxonMobil’s case, a relatively small See the archive and
EurOil: OIES Casts Doubt On SGC Expan- activist investor hedge fund succeeded in sign up to receive
sion having at least two of its nominees elected to *NRG Editor’s Picks*
A report published by the Oxford Institute the company’s board..™ for free by email each
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P16 www. NEWSBASE .com Week 22 02•June•2021