Page 16 - LatAmOil Week 02 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global previous allowance of 3.9 bcm. Groningen is the
(NRG), in which the reader is invited to join largest gas field in Europe outside Russia, but the
our team of international editors, who provide a Netherlands has been steadily winding down its
snapshot of some of the key issues affecting their output following years of earthquakes caused by
regional beats. We hope you will like NRG’s new production activities.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Kazakhstan rolls back reforms
as before. amid unrest
Kazakhstan has reimposed fuel price caps fol-
AfrOil: Five Nigerian firms may bid for lowing its worst unrest since declaring inde-
Shell’s SPDC stake pendence in the early 1990s to a bid to quell
Five Nigerian independents have shown inter- protests. Anti-government protests and subse-
est in joining Shell Petroleum Development Co. quent riots have swept across the Central Asian
(SPDC), a JV that operates 19 onshore sites in country in recent days in response to a hike in
the southern part of the country. Industry and fuel prices, namely for LPG.
banking sources told Reuters last week that at
least five Nigerian firms intend to submit offers GLNG: Novatek signs Arctic LNG 2 supply
for Royal Dutch Shell’s 30% stake in SPDC before agreements with two Chinese firms
the end of January. Russia’s Novatek announced on January 11 that
it had struck separate long-term supply agree-
AsianOil: Bohai overtakes Daqing as ments with two Chinese companies – Zhejiang
China’s largest oilfield Provincial Energy Group and ENN Natural
The Bohai cluster offshore China has overtaken Gas. Both deals entail LNG being supplied from
Daqing to become the country’s largest pro- Novatek’s Arctic LNG 2 project, which is under
ducing oilfield. According to state news agency construction and scheduled to start production
Xinhua, output from Bohai hit 30.132mn tonnes in 2023.
(602,640 barrels per day) in 2021, edging out the
onshore Daqing, which produced 30mn tonnes MEOG: INOC to take the reins
(600,000 bpd) last year. Iraq’s Ministry of Oil last week said that the
recently re-established Iraqi National Oil Co.
DMEA: Refining in sight at Cabinda (INOC) would take control of ExxonMobil’s
The first of Angola’s three planned refineries is stake in the West Qurna-1 oilfield. Meanwhile,
set to begin operations this year, following a final the Iraqi cabinet has approved the framework
investment decision by its British backer in late agreement for the development of a major
2020. Meanwhile, a group of investors that last cross-border pipeline that will transport oil from
April leased a 49% stake in Saudi Aramco’s oil Basra province to Jordan’s Red Sea port of Aqaba.
pipeline business has hired Citi and JPMorgan
to help it refinance a loan arranged to support NorthAmOil: Enterprise to buy Navitas
the deal. Enterprise Products Partners announced this
week that it had agreed to acquire Navitas Mid-
EurOil: Netherlands expects to nearly stream Partners from an affiliate of Warburg
double Groningen quota Pincus for $3.25bn. The deal will expand Enter-
The Dutch government said on January 6 that it prise’s presence into the Permian Basin’s Mid-
expected to increase the amount of gas permit- land sub-basin, where the company does not
ted to be produced at the Groningen field in the currently have gas or natural gas liquids (NGLs)
current gas year to 7.6bn cubic metres, up from a operations other than downstream pipelines. ™

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P16 www. NEWSBASE .com Week 02 13•January•2022