Page 20 - DMEA Week 10 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global barrels per day (bpd) during the month, which
(NRG), in which the reader is invited to join also marked a 10.6% drop year on year.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Carbon-neutral LNG momentum
regional beats. We hope you will like NRG’s new Carbon-neutral LNG is increasingly gaining
concise format, but by clicking on the headline momentum as more industry players commit to
link for each section the full text will be available the concept, or put themselves on a path towards
as before. it. This week, Tokyo Gas announced that it had
joined 14 other Japanese companies in forming
AfrOil: Nigerian LNG in focus the Carbon Neutral LNG Buyers Alliance in an
Two LNG projects are in focus in Nigeria this effort to promote the more widespread use of the
week. On the one hand, ExxonMobil (US) and greener version of the fuel.
Nigerian National Petroleum Corp. (NNPC)
have awarded UTM, a local infrastructure firm, LatAmOil: Activity offshore Guyana
a contract for the installation of a floating LNG Activity levels in Guyana’s offshore zone have
(FLNG) unit at the Yoho oilfield. The vessel may remained high over the last week. Canada’s CGX
eventually be able to produce one or two stand- Energy has confirmed plans to move ahead with
ard-size LNG cargoes per month. the drilling of two exploration wells at the Cor-
entyne and Demerara blocks offshore Guyana,
AsianOil: China Gas, Sinopec deepen ties while ExxonMobil (US) is preparing for the
Natural gas distributor China Gas has agreed to return of a faulty compressor unit to the Liza
forge a closer working relationship with state- Destiny, the floating production, storage and
owned Sinopec Group in the natural gas import off-loading (FPSO) vessel it has installed at the
and distribution segments. Liza-1 oilfield within the Stabroek block.
The privately owned infrastructure operator
said on March 4 that the two had signed a stra- MEOG: OPEC+, attacks take front stage
tegic co-operation framework agreement that While a gas pipeline in eastern Syria was attacked
would mainly focus on natural gas, liquefied nat- amid growing tensions in the region, Saudi
ural gas (LNG) and liquid petroleum gas (LPG). Arabia has pitched to make itself the centre of
the nascent hydrogen market, offering to pipe
EurOil: Fluxys joins German LNG efforts hydrogen to Europe.
Belgium’s Fluxys has signed up to be an “indus- Nobody has yet claimed responsibility for
trial partner” at the planned Stade LNG import the attack on the al-Jabsa-al-Rayyan pipeline in
terminal in Northern Germany, taking the ambi- the oil-rich Syrian province of Deir Ezzor, which
tious project a step closer towards realisation. is home to the bulk of the country’s oil and gas
Stade LNG is the biggest of several LNG reserves and producing assets.
import schemes in Germany, which already has
access to a diversified mix of gas supplies but is NorthAmOil: Chevron’s Noble move
looking to strengthen its position as a hub for Chevron has struck an agreement to acquire all
central Europe. the outstanding shares of Noble Midstream Part-
ners that it does not already own.
FSU OGM: Russia inches up, Rosneft sues The super-major already owns a nearly 63%
Russian crude oil and condensate supply inched majority stake in Noble Midstream, which it
down 0.8% month on month in February, pre- acquired when it took over its parent company,
liminary data from the country’s energy minis- Noble Energy, in a deal worth $4.1bn last year.
try shows, primarily owing to a decline at fields Under the new all-stock deal, Noble Mid-
controlled by state-owned Rosneft and its sub- stream’s shareholders will receive 0.1393 of a
sidiary Bashneft. Chevron share for each Noble Midstream unit
National production averaged 10.054mn they own.™

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P20 www. NEWSBASE .com Week 10 11•March•2021