Page 16 - AsianOil Week 11 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

Welcome to NewsBase’s Roundup Global pursue the Bolshoy Zhambyl, Zhemchuzhnaya
NRG (NRG), in which the reader is invited to join and Kalamkas Sea blocks.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Albanian feasibility study
regional beats. We hope you will like NRG's new PLENTY of LNG-related developments con-
concise format, but by clicking on the headline tinue to emerge. Last week, Excelerate Energy
link for each section the full text will be available and ExxonMobil LNG Market Development
as before. signed a memorandum of understanding (MoU)
with the government of Albania to conduct a fea-
AfrOil: Objections to fuel price hikes sibility study for a potential LNG import termi-
FUEL price hikes have sparked anger in two nal in the country.
African countries over the last week. In Nige- Separately, Spain’s Repsol used carbon offsets
ria, the Petroleum Products Pricing Regulatory for the first time to compensate for the emissions
Agency (PPPRA) has come under fire for raising from LNG that it delivered to Sweden’s Fure-
the pump price of gasoline. In Kenya, the Energy tank Rederi at a terminal owned by Enagas in
and Petroleum Regulatory Authority (EPRA) south-eastern Spain.
has increased prices for gasoline, diesel and ker-
osene, citing higher import costs. LatAmOil: Pemex’s big discovery
MEXICO’S national oil company (NOC) Pemex
DMEA: Tema time and tankers under fire has reported the discovery of a large new field
LAST week, Ghana’s energy minister visited the off the coast of Tabasco State in the southern
country’s struggling Tema Oil Refinery, giving a Gulf. Octavio Romero, the CEO of Pemex, has
rallying cry to workers and pledging state sup- described the site as “gigantic” and says it may
port for the unit. Despite efforts to reinvigorate hold as much as 1bn barrels of crude in combi-
the unit, Tema continues to operate at reduced nation with other nearby deposits.
levels following an explosion at its distillation
unit four years ago. MEOG: ADNOC deal and Iraqi impasse
AS oil exporters around the Middle East ride high on
Euroil: Tulip divests Dutch fields bullish prices, attention has returned to deal-making.
DUTCH firm Tulip Oil has agreed to sell a Last week, Abu Dhabi National Oil Co.
group of gas fields in the Netherlands’ offshore (ADNOC) continued its recent spate of strate-
zone to AIM-listed investment group Kistos for gic tie-ups with Asian companies, finalising a
at least €220mn ($263mn), the companies said broad agreement with Malaysian counterpart
on March 12. Petronas. The Emirati firm said that they would
Tulip will sell its subsidiary Tulip Oil Neth- explore opportunities throughout the oil and
erlands, which owns operating interests in the gas value chain, focusing on conventional and
Q-10A gas field and the Q-10B, Q-11B and M10/ unconventional resources in the upstream as
M11 discoveries, as well as other projects in the well as assessing potential fuel and petrochem-
Dutch North Sea. icals projects in the downstream.

FSU OGM: BP axes Kazakh plans NorthAmOil: US rig counts down
UK major BP has scrapped plans for three THE US’ active rig count edged down by one last
oil projects in Kazakhstan after announcing week, according to oilfield services firm Baker
a shift in its global strategy last year towards Hughes. This marked the first time the US rig
renewables. count had fallen since November.
Kazakhstan’s national oil company (NOC) The small change does not necessarily indi-
KazMunayGas (KMG) published a letter sent by cate a reversal of the overall upward trend in
BP last October on March 10, stating that after 18 recent months, but does show that US drillers
months of evaluation work it had decided not to continue to proceed with caution.v

P16 www. NEWSBASE .com Week 11 18•March•2021