Page 19 - AfrOil Week 11 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global months of evaluation work it had decided not to
(NRG), in which the reader is invited to join pursue the Bolshoy Zhambyl, Zhemchuzhnaya
our team of international editors, who provide a and Kalamkas Sea blocks.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Albanian feasibility study and
concise format, but by clicking on the headline carbon-compensated LNG in Spain
link for each section the full text will be available Last week, Excelerate Energy and ExxonMo-
as before. bil LNG Market Development signed a mem-
orandum of understanding (MoU) with the
AsianOil: Indonesia’s local-content target government of Albania to conduct a feasibility
Indonesia’s upstream watchdog SKK Migas has study for a potential LNG import terminal in the
set a local content target for upstream invest- country. Separately, Spain’s Repsol used carbon
ment in 2021, after the coronavirus (COVID-19) offsets for the first time to compensate for the
pandemic derailed last year’s target. The head of emissions from LNG that it delivered to Swe-
SKK Migas’ goods and services procurement den’s Furetank Rederi.
management division, Erwin Suryadi, said on
March 10 that upstream procurement spending LatAmOil: Pemex’s big discovery
had amounted to $3bn in 2020, with local con- Mexico’s national oil company (NOC) Pemex
tent providers winning about 56% of that total. has reported the discovery of a large new field
off the coast of Tabasco State in the southern
DMEA: T ema time and tankers under fire Gulf. Octavio Romero, the CEO of Pemex, has
Last week, Ghana’s energy minister visited the described the site as “gigantic” and says it may
country’s struggling Tema Oil Refinery, giving a hold as much as 1bn barrels of crude in combi-
rallying cry to workers and pledging state sup- nation with other nearby deposits.
port for the unit. Despite efforts to reinvigorate
the unit, Tema continues to operate at reduced MEOG: ADNOC’s deal-making
levels following an explosion at its distillation Last week, Abu Dhabi National Oil Co.
unit four years ago. (ADNOC) continued its recent spate of strate-
gic tie-ups with Asian companies, finalising a
EurOil: Tulip divests Dutch fields broad agreement with Malaysian counterpart
Dutch firm Tulip Oil has agreed to sell a group Petronas. The Emirati firm said that they would
of gas fields in the Netherlands’ offshore zone to explore opportunities throughout the oil and
AIM-listed investment group Kistos for at least gas value chain, focusing on conventional and
€220mn ($263mn). Tulip will sell its subsidiary unconventional resources in the upstream as
Tulip Oil Netherlands, which owns operating well as assessing potential fuel and petrochem-
interests in the Q-10A gas field and the Q-10B, icals projects in the downstream.
Q-11B and M10/M11 discoveries, as well as
other projects in the Dutch North Sea. NorthAmOil: US rig counts down but
production bouncing back
FSU OGM: BP axes Kazakh plans The US’ active rig count edged down by one last
UK major BP has scrapped plans for three oil week, according to oilfield services firm Baker
projects in Kazakhstan after announcing a shift Hughes. This was the first time the US rig count
in its global strategy last year towards renewa- had fallen since November. The small change
bles. Kazakhstan’s national oil company (NOC) does not necessarily indicate a reversal of the
KazMunayGas (KMG) published a letter sent by overall upward trend but does show that US
BP last October on March 10, stating that after 18 drillers continue to proceed with caution. ™

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