Page 16 - AsianOil Week 27 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global (NRG), contractor in the development of an LNG
in which the reader is invited to join our team of terminal offshore India’s south-eastern state
international editors, who provide a snapshot of of Andhra Pradesh. Crown said on July 5 that
some of the key issues affecting their regional beats. Aker Solutions would first conduct the front-
We hope you will like NRG's new concise format, end engineering and design for the 7.2mn
but by clicking on the headline link for each section tonne per year (tpy) LNG terminal, which will
the full text will be available as before. be located around 11 km offshore Kakinda
City, before taking on the role as the project’s
AfrOil: Nigeria passes PIB at long last engineering, procurement, construction,
BOTH houses of Nigeria’s National Assembly installation and commissioning contractor
voted on July 1 to pass the Petroleum Industry once a final investment decision has been
Bill (PIB), which will serve as the country’s new made.
oil and gas law. The legislation will now be sent to
President Muhammadu Buhari, who is expected LatAmOil: ExxonMobil drills dry hole at Jabillo-1
to sign it into law in the near future. EXXONMOBIL (US) has experienced a
disappointment at Canje, a deepwater block
DMEA: Pipeline promise in Africa offshore Guyana, as it did not find com-
THIS week’s DMEA looks at a proposal for a mercial quantities of hydrocarbons in the
major new pipeline to increase energy security in Jabillo-1 well. According to Canada’s Eco
Zimbabwe and the securing of crude feedstock (Atlantic) Oil & Gas, an indirect share-
for a new refinery in Nigeria. UK-registered holder in the project, the exploration well
Coven Energy has proposed the construction of was able to test the designated target layers
a $850mn fuel pipeline to provide greater energy – namely Upper Cretaceous reservoirs in a
security to Zimbabwe, which is heavily reliant on stratigraphic trap.
the Beira-Feruka link. Meanwhile, the governor
of Nigeria’s Edo State said this week that the MEOG: Omani sale and Iraqi exits
Edo Modular Refinery at Ologbo would receive THIS week’s MEOG looks at the proposed
crude oil feedstock from the Escravos line via a sale of the drilling arm of Oman’s state oil
conduit that runs to Lagos. firm and more majors heading for the door
in Iraq. Omani NOC OQ is reported to be
Euroil: Martin Linge finally online considering the sale of its Abraj Energy Ser-
NORWAY’S Equinor has at long last commis- vices drilling unit as part of efforts to aid
sioned the Martin Linge gas field, a troubled pro- the Sultanate’s economic recovery from the
ject that is arriving five years behind schedule and coronavirus (COVID-19) pandemic. Mean-
at double its original cost. Equinor announced the while, Baghdad’s efforts to bring about a sig-
launch on June 30, estimating that the North Sea nificant increase in oil production suffered
field would flow 115,000 barrels of oil equivalent another major setback this week as the coun-
per day (boepd). Some 260mn boe will be recov- try’s oil minister said more IOCs are keen to
ered in total during its lifetime. reduce their exposure or withdraw from Iraq
altogether.
FSUOGM: Gazprom’s record gas volumes to Europe
RUSSIA’S Gazprom exported record volumes NorthAmOil: EQT aims for net zero by 2025
of gas to Europe during the first half of the year, PITTSBURGH-BASED EQT, an independ-
despite recent claims in the press that the com- ent natural gas producer and pipeline opera-
pany has been withholding supply to jack up tor, intends to bring its net carbon emissions
prices, NewsBase reports. Gazprom’s supplies down to zero in just four years. The company
to non-CIS states were up 25.7% year on year at unveiled its net-zero agenda last week, saying
99.9bn cubic metres, the company said. in a statement covering its 2020 ESG report
that it had “announced targets to achieve net-
GLNG: Crown LNG picks Aker for Indian project zero Scope 1 and 2 greenhouse gas (GHG)
NORWAY’S Crown LNG has picked com- emissions in its production segment opera-
patriot Aker Solutions to serve as main tions by or before 2025”.™

P16 www. NEWSBASE .com Week 27 09•July 9•2021