Page 17 - MEOG Week 01 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global changes will have a significant impact on the oil
(NRG), in which the reader is invited to join and gas industry.
our team of international editors, who provide a The European Commission has published its
snapshot of some of the key issues affecting their Fit for 55 package that includes changes to the
regional beats. emissions trading system, the introduction of a
We hope you enjoy NRG’s new concise for- cross-border carbon tax and almost countless
mat, but by clicking on the headline link for each other regulatory tweaks to help decarbonise the
section the full text will be available as before. bloc’s economy.
AfrOil: No deadline for Sonangol IPO yet FSUOGM: A bumper year for Gazprom
Angola’s government is gearing up for the partial Gazprom is on track to produce record profits
privatisation of the national oil company Sonan- this year on the back of Europe’s worst energy
gol but has not yet set a target date, according to crunch in decades.
Edson Pongolola, the director of the firm’s plan- But it is not all good news for Russia’s state gas
ning and control department. giant. Its flagship Nord Stream 2 project remains
Speaking in late December, Pongolola con- in limbo, with the certification process in Ger-
firmed that Luanda was still preparing to unload many set to drag on into the second half of this
30% of the NOC’s equity through an IPO. year.
AsianOil: Prelude’s extended shutdown GLNG: Venture Global strikes CNOOC deal
Australia’s offshore safety authority has ordered The US’ Venture Global LNG announced in late
Shell not to return its Prelude floating LNG facil- December that it had struck a deal to supply
ity to service until the company can prove that it LNG to a subsidiary of China National Offshore
can keep the vessel properly powered and that Oil Corp. (CNOOC). This marks the first LNG
safety systems are operational. supply agreement signed between CNOOC and
The order comes in response to Shell’s move a US exporter of the fuel.
to take Prelude offline earlier in December after
the facility, located offshore Western Australia, LatAmOil: Argentina OKs offshore seismic
lost power following a fire. Argentina’s government has given YPF, the
national oil company (NOC), and its partners a
DMEA: NNPC deals with refinery fire green light to proceed with seismic work at three
The Nigeria National Petroleum Corp. (NNPC) offshore blocks in the South Atlantic.
said this week that it had extinguished a fire that Energy Secretary Dario Martinez revealed
had broken out at its Port Harcourt Refining on January 3 that Buenos Aires had approved
Complex (PRHC) on January 1 without any the companies’ environmental impact state-
extensive damage to the facility. ments for the CAN 100, CAN 108 and CAN 114
Meanwhile, QatarEnergy this week awarded licence areas.
an engineering, procurement, construction and
installation contract to US-based contractor NorthAmOil: US approves SPR release
McDermott International for the offshore scope The US Department of Energy announced
of its North Field Expansion project. on December 30 that it had approved a third
exchange of crude from the country’s Strategic
EurOil: A year of regulatory reform Petroleum Reserve for release to ExxonMobil.
The EU is preparing a series of sweeping regu- The release is part of US President Joe Biden’s
latory reforms this year in order to align its laws strategy to help ease oil supply challenges and
with its climate ambitious, and many of these lower gasoline prices.™

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