Page 17 - AfrOil Week 15 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global tonnes (10.4mn barrels per day), versus a previ-
(NRG), in which the reader is invited to join ous projection of 11.25mn bpd.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: India’s first FSRU arrives at
regional beats. We hope you will like NRG’s new Jaigarh terminal
concise format, but by clicking on the headline India’s first floating storage and regasification
link for each section the full text will be available unit (FSRU) has arrived in the country. The
as before. Höegh Giant sailed from Keppel Shipyard in
Singapore, berthing at H-Energy’s Jaigarh termi-
AsianOil: Eni’s Vietnamese portfolio grows nal in Maharashtra on April 12. The FSRU has
Italian major Eni has closed its acquisition of a storage capacity of 170,000 cubic metres and
Singaporean independent KrisEnergy’s 100% installed regasification capacity of 750mn cubic
stake in Block 115/09 offshore Vietnam. Eni said feet (21mn cubic metres) per day.
on April 12 that the acquisition further strength-
ened its presence in the Southeast Asian country, LatAmOil: Argentina eyes oil price controls
“consolidating its position in the recently dis- Argentina’s government is looking to estab-
covered Ken Bau like play”, while furthering its lish long-time price controls for the domestic
efforts to expand its Asian gas portfolio. oil market, according to Production Minister
Matias Kulfas. The administration of President
DMEA: Refineries under fire again Alberto Fernandez had included provisions for
Yemen’s Houthi militia this week claimed setting a floor and ceiling for domestic oil prices
another attack on Saudi Arabian oil infrastruc- into draft legislation designed to attract more
ture, this time targeting Aramco facilities at investment into the hydrocarbon sectors, Kulfas
Jeddah and Jubail. Just a day after Aramco had told Bloomberg in an interview last week.
announced a deal for the lease of its oil pipeline
network, the Houthis struck at dawn in a retali- MEOG: Sealed deal and IPO plans
atory move against the Saudi-led military cam- Aramco and ADNOC took centre stage this
paign in Yemen. week as a deal was finally agreed for the sale and
lease back of Saudi oil pipelines while the Emi-
EurOil: Equinor backs world’s first rati firm considers an IPO of its drilling arm. The
hydrogen power plant Saudi firm agreed a multi-billion-dollar deal
Norwegian oil firm Equinor and UK utility with a group of investors to sell and lease back
SSE have teamed up to develop what would be a stake in its oil pipelines business that values
the world’s first hydrogen-fired power plant in the newly formed Aramco Oil Pipelines Co. at
northern England. The UK government is push- around $25bn.
ing for large-scale hydrogen development as a
means of decarbonising some of the country’s NorthAmOil: A boost for Dakota Access
most carbon-intensive industries. The Dakota Access oil pipeline received a boost
last week, when the administration of US Pres-
FSU OGM: Russia slashes fossil fuel ident Joe Biden said it would not force the pipe-
forecasts line to be shut down while federal regulators
Russia has slashed its forecasts for oil, gas and carry out a new environmental review on the
coal production in 2021 and 2022, taking into project. The fight over Dakota Access’ future
account the pandemic’s impact, OPEC+ quotas continues, with opponents of the project await-
and lower commodity prices. The government ing a court ruling that could still result in the
now projects that oil output will reach 517mn pipeline being shut down. ™

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Week 15 14•April•2021 www. NEWSBASE .com P17