Page 18 - AfrOil Week 20 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global prompted harsh criticism from the industry. In
(NRG), in which the reader is invited to join an announcement on May 12, the government
our team of international editors, who provide a said it had added petroleum products to the list
snapshot of some of the key issues affecting their of socially important goods, and that retailers
regional beats. We hope you will like NRG’s new now needed to declare plans to raise prices by 1%
concise format, but by clicking on the headline or more to the state consumer market watchdog
link for each section the full text will be available some 20 days in advance.
as before.
GLNG: Woodside to exit Kitimat LNG
AsianOil: Indonesian upstream expands Australia’s Woodside Energy announced this
domestic content level week that it would exit its 50% non-operated
Indonesia’s upstream watchdog SKK Migas has interest in the proposed Kitimat LNG project on
revealed that the domestic content level in the Canada’s West Coast. The company will either
country’s oil and gas projects during the first four sell or wind up and restore the assets, leases and
months of the year exceeded the government’s agreements covering both the LNG terminal’s
target. The regulator said that domestic content site in Bish Cove, British Columbia, and the 480-
levels reached 58% of project costs by the end of km Pacific Trail pipeline route.
April, compared with the government’s full-year
target of 57%. LatAmOil: Peru LNG halts production
The Peru LNG consortium has suspended oper-
DMEA: UAE’s H2 plant and Jordan’s crude ations at its natural gas liquefaction plant in
oil imports Pampa Melchorita, citing an issue with one of its
Emirati Energy and Infrastructure Minister compressors. Jeanne Phillips, a senior vice-pres-
Suhail Al Mazrouei announced that the UAE ident at Hunt Oil, the leader of Peru LNG, con-
will this week commission its first green hydro- firmed the shutdown last week and indicated
gen plant to produce clean transportation fuels that the consortium had taken the plant offline
for use during Dubai Expo 2020 due to take on or about May 7.
place later this year. Meanwhile, Jordan’s Minis-
try of Energy and Mineral Resources (MEMR) MEOG: Iran optimistic as exports rise
launched a tender for the transport of 10,000 bpd It has been a busy week for Iran, which is work-
of Iraqi crude by road from Kirkuk to Zarqa. ing to ramp up oil output as it eyes a lifting of
sanctions and increased exports. Talks between
EurOil: Neptune stung by outages world powers are yet to overcome the remaining
Northwest European producer Neptune Energy obstacles to resume the 2015 Joint Comprehen-
suffered a 22% year-on-year decline in oil and sive Plan of Action (JCPOA), but Iran appears to
gas output in the first quarter as a result of out- be working on the assumption that these efforts
ages across its portfolio. The company’s supply will bear fruit.
averaged 125,700 barrels of oil equivalent per
day in the three-month period, versus 162,100 NorthAmOil: Gulf Coast LNG projects
boepd a year earlier. inching forward
At the Citi Global Energy & Utilities Virtual
FSU OGM: Ukraine imposes controls on Conference last week, Tellurian’s executive
fuel prices chairman Charif Souki said the company was
Ukraine’s government has introduced con- now “just weeks” from finishing the commer-
trols on retail gasoline and diesel prices in an cialisation of Phase One at its Driftwood LNG
attempt to stem rising inflation. The move has terminal in Louisiana. ™

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P18 www. NEWSBASE .com Week 20 19•May•2021