Page 17 - LatAmOil Week 14 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global in Alexandroupolis. The company said it had
(NRG), in which the reader is invited to join signed a preliminary agreement on transferring
our team of international editors, who provide a a stake in itself to North Macedonian gas dis-
snapshot of some of the key issues affecting their tribution operator National Energy Resources
regional beats. We hope you will like NRG’s new Skopje (NER AD).
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Gazprom switches contractor at
as before. Ust-Luga LNG
Russia’s Gazprom and Rusgazdobycha now
AfrOil: Lukoil rethinks Sangomar bid want to hire Germany’s Linde to work on a gas
Russia’s Lukoil has abandoned its attempt to processing and LNG complex on the Baltic Sea,
join RSSD, the joint venture set up to develop after cancelling a contract last month issued to
the Sangomar block offshore Senegal, through Russian firm Nipigaz. Gazprom reported in late
acquiring Australia’s FAR Ltd. Its decision came March that it had agreed terms with Linde on
to light last week, when FAR said in a statement an engineering, procurement and site services
that the Russian company had opted not to sub- (EPSS) contract for the Ust-Luga facilities.
mit a binding takeover offer ahead of a share-
holders meeting scheduled for April 15. GLNG: LNG trade booms
The global LNG trade is booming. Last week, it
AsianOil: Australia’s “gas-led recovery” was reported that deliveries of the super-chilled
faces industry pushback fuel had grown the most in a year in March, as
The Australian upstream industry is once more Asia and Europe refilled inventories depleted
pushing back at aspects of the federal gov- over the winter, and more countries bounced
ernment’s plans for a “gas-led recovery”. The back from the hits that their economies took
Australian Petroleum Production and Explo- as a result of the coronavirus (COVID-19)
ration Association (APPEA) warned this week pandemic.
that efforts to turn the Wallumbilla gas hub in
Queensland into a US-style Henry Hub would MEOG: OPEC+ impact and Iran talks
“backfire.” Over the past week, the OPEC+ deal and the
return of the US to Iranian nuclear talks have
DMEA: Illegal refinery strike and protests in grabbed headlines, as high-level strategy
Iraq comes to the fore. OPEC and its partners have
Nigeria this week destroyed an illegal refinery in announced that an additional 1.15mn barrels
the Niger Delta, while protesters in Iraq blocked per day (bpd) of crude will be released to the
entry to a downstream unit, causing a fuel short- market over the next three months, while Saudi
age in the south of the country. A strike carried Arabia has agreed to cut another 1mn bpd on a
out by Nigeria’s Security and Civil Defence voluntary basis.
Corps (NSCDC) saw the destruction of an ille-
gal oil refinery south-west of Warri, where state- NorthAmOil: New mega-deal for Pioneer
owned NNPC’s 125,000 barrel per day (bpd) Pioneer Natural Resources announced last
unit remains shut for maintenance. week that it had struck a deal to buy Double-
Point Energy for $6.4bn in cash and stock. The
EurOil: North Macedonia eyes role in Greek acquisition is Pioneer’s fourth major shale deal
LNG this year, coming less than three months after
Greek LNG developer Gastrade has tapped the company closed its $4.5bn takeover of Pars-
another investor for its planned import facility ley Energy. ™

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Week 14 08•April•2021 www. NEWSBASE .com P17