Page 16 - AsianOil Week 23 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global on June 3-5, with the event resulting in a raft of
(NRG), in which the reader is invited to join deals between Russian and international com-
our team of international editors, who provide a panies aimed at tackling emissions. Russia has
snapshot of some of the key issues affecting their promoted SPIEF as the “largest post-pandemic
regional beats. We hope you will like NRG's new meeting,” estimating ahead of the event that
concise format, but by clicking on the headline 5,000 delegates would attend.
link for each section the full text will be available
as before. GLNG: Excelerate FSRU online in Argentina
EXCELERATE Energy announced last week
AfrOil: Savannah seeks ExxonMobil assets that its Exemplar floating storage and regasifi-
UK-BASED Savannah Energy is looking to cation unit had started operations offshore the
acquire a package of upstream and midstream Argentine port of Bahia Blanca. This brings
assets in Chad and Cameroon from ExxonMo- Argentina’s LNG import facilities to two, with
bil (US). In a statement, Savannah said it was in another Excelerate FSRU already stationed at
“advanced exclusive discussions” with the US Escobar since 2011.
super-major on the deal, which covers Exxon-
Mobil’s entire portfolio in the two countries. LatAmOil: USTDA funds LNG-to-power study
US-BASED Black & Veatch will conduct a fea-
DMEA: Egyptian petchems, Nigerian urea sibility study of the Andes Energy Terminal
THIS week’s DMEA looks at the start of construc- (AET) project, an LNG-to-power scheme that
tion on Egypt’s new petrochemical facility and at will serve central and south-western Colom-
Nigeria’s Dangote Group beginning commercial bia. The costs of the study will be covered by
urea production. Egyptian Prime Minister Mostafa a grant from the US Trade and Development
Madbouly this week attended a ground-breaking Agency (TDA).
ceremony for the start of construction on a new
$7.5bn petrochemical facility in the Suez Canal MEOG: Aramco bond, Turkish gas
Economic Zone in Ain Sokhna. Meanwhile, THIS week’s MEOG covers Saudi Aramco’s lat-
speaking during a tour of the company’s facilities est bond issue and another major gas announce-
near Lagos over the weekend, Dangote’s president ment by Turkey. State-owned Aramco hired
said that the urea plant, which will have a capacity a group of banks to advise on and arrange its
of 3mn tpy in its first phase, is the largest project in first US dollar-denominated sukuk, with Reu-
the global fertiliser sector. ters reporting that a target of $5bn has been set.
Meanwhile, Turkish President Recep Tayyip
Euroil: Baltic Pipe setbacks Erdogan announced that Turkish Petroleum
DENMARK’S Environmental and Food Appeals (TPAO) had struck gas with its Amasra-1 explo-
Board has repealed the country’s Environmental ration well, adding 135bn cubic metres of gas to
Protection Agency’s permit for the onshore part the game-changing Sakarya discovery declared
of the Baltic Pipe, a gas link between Norway last year.
and Poland, the Danish electricity and gas grids
operator Energinet, which is building the pipe- NorthAmOil: Consolidation wave continues
line in co-operation with Poland, said on June THE wave of consolidation sweeping the US oil
3. The board’s decision is a setback for Poland, and gas industry shows no sign of slowing, with
which is building capacity to import gas from yet more new deals announced in recent days
sources other than Russia. by shale producers. Civitas Resources, which
itself is currently in the process of being formed
FSU OGM: SPIEF spotlights energy transition through the merger of Bonanza Creek Energy
THE energy transition took centre stage at the and Extraction Oil & Gas, has agreed this week
St Petersburg International Economic Forum to acquire Crestone Peak Resources.™

P16 www. NEWSBASE .com Week 23 10•June•2021