Page 16 - GLNG Week 27 2021

GLNG NEWSBASE ROUNDUP GLOBAL (NRG) GLNG

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global FSUOGM: Gazprom’s record gas volumes to Europe
(NRG), in which the reader is invited to join RUSSIA’S Gazprom exported record volumes
our team of international editors, who provide a of gas to Europe during the first half of the year,
snapshot of some of the key issues affecting their despite recent claims in the press that the com-
regional beats. We hope you will like NRG's new pany has been withholding supply to jack up
concise format, but by clicking on the headline prices, NewsBase reports. Gazprom’s supplies
link for each section the full text will be available to non-CIS states were up 25.7% year on year at
as before. 99.9bn cubic metres, the company said.

AfrOil: Nigeria passes PIB at long last LatAmOil: ExxonMobil drills dry hole at Jabillo-1
BOTH houses of Nigeria’s National Assembly EXXONMOBIL (US) has experienced a
voted on July 1 to pass the Petroleum Industry disappointment at Canje, a deepwater block
Bill (PIB), which will serve as the country’s new offshore Guyana, as it did not find com-
oil and gas law. The legislation will now be sent to mercial quantities of hydrocarbons in the
President Muhammadu Buhari, who is expected Jabillo-1 well. According to Canada’s Eco
to sign it into law in the near future. (Atlantic) Oil & Gas, an indirect share-
holder in the project, the exploration well
AsianOil: Sacgasco enters Philippine upstream was able to test the designated target layers
AUSTRALIAN junior Sacgasco has expanded its – namely Upper Cretaceous reservoirs in a
upstream portfolio after acquiring interests in four stratigraphic trap.
licences offshore the Philippines from Thai energy
conglomerate Bangchak. Sacgasco said on July 5 MEOG: Omani sale and Iraqi exits
that it had paid $1 for BCP Energy International THIS week’s MEOG looks at the proposed
(BCPEI), which wholly owns Nido Petroleum. sale of the drilling arm of Oman’s state oil
firm and more majors heading for the door
DMEA: Pipeline promise in Africa in Iraq. Omani NOC OQ is reported to be
THIS week’s DMEA looks at a proposal for a considering the sale of its Abraj Energy Ser-
major new pipeline to increase energy security in vices drilling unit as part of efforts to aid
Zimbabwe and the securing of crude feedstock the Sultanate’s economic recovery from the
for a new refinery in Nigeria. UK-registered coronavirus (COVID-19) pandemic. Mean-
Coven Energy has proposed the construction of while, Baghdad’s efforts to bring about a sig-
a $850mn fuel pipeline to provide greater energy nificant increase in oil production suffered
security to Zimbabwe, which is heavily reliant on another major setback this week as the coun-
the Beira-Feruka link. Meanwhile, the governor try’s oil minister said more IOCs are keen to
of Nigeria’s Edo State said this week that the reduce their exposure or withdraw from Iraq
Edo Modular Refinery at Ologbo would receive altogether.
crude oil feedstock from the Escravos line via a
conduit that runs to Lagos. NorthAmOil: EQT aims for net zero by 2025
PITTSBURGH-BASED EQT, an independ-
Euroil: Martin Linge finally online ent natural gas producer and pipeline opera-
NORWAY’S Equinor has at long last commis- tor, intends to bring its net carbon emissions
sioned the Martin Linge gas field, a troubled pro- down to zero in just four years. The company
ject that is arriving five years behind schedule and unveiled its net-zero agenda last week, saying
at double its original cost. Equinor announced the in a statement covering its 2020 ESG report
launch on June 30, estimating that the North Sea that it had “announced targets to achieve net-
field would flow 115,000 barrels of oil equivalent zero Scope 1 and 2 greenhouse gas (GHG)
per day (boepd). Some 260mn boe will be recov- emissions in its production segment opera-
ered in total during its lifetime. tions by or before 2025”.™

P16 www. NEWSBASE .com Week 27 09•July•2021