Page 16 - NorthAmOil Week 10 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global controlled by state-owned Rosneft and its sub-
(NRG), in which the reader is invited to join sidiary Bashneft.
our team of international editors, who provide a National production averaged 10.054mn bar-
snapshot of some of the key issues affecting their rels per day (bpd) during the month, which also
regional beats. We hope you will like NRG’s new marked a 10.6% drop year on year.
concise format, but by clicking on the headline link
for each section the full text will be available as GLNG: Momentum behind carbon-neutral
before. LNG
Carbon-neutral LNG is increasingly gaining
AfrOil: Nigerian LNG in focus momentum as more industry players commit to
Two LNG projects are in focus in Nigeria this the concept, or put themselves on a path towards it.
week. On the one hand, ExxonMobil (US) and This week, Tokyo Gas announced that it had
Nigerian National Petroleum Corp. (NNPC) joined 14 other Japanese companies in forming
have awarded UTM, a local infrastructure firm, the Carbon Neutral LNG Buyers Alliance in an
a contract for the installation of a floating LNG effort to promote the more widespread use of the
(FLNG) unit at the Yoho oilfield. The vessel may greener version of the fuel.
eventually be able to produce one or two stand-
ard-size LNG cargoes per month. LatAmOil: Activity offshore Guyana
Activity levels in Guyana’s offshore zone have
AsianOil: China Gas, Sinopec forge deeper remained high over the last week. Canada’s CGX
ties Energy has confirmed plans to move ahead with
Natural gas distributor China Gas has agreed to the drilling of two exploration wells at the Cor-
forge a closer working relationship with state- entyne and Demerara blocks offshore Guyana,
owned Sinopec Group in the natural gas import while ExxonMobil (US) is preparing for the
and distribution segments. return of a faulty compressor unit to the Liza
The privately owned infrastructure operator Destiny, the floating production, storage and
said on March 4 that the two had signed a stra- off-loading (FPSO) vessel it has installed at the
tegic co-operation framework agreement that Liza-1 oilfield within the Stabroek block.
would mainly focus on natural gas, LNG and
liquid petroleum gas (LPG). MEOG: OPEC+ and attacks take front
stage
DMEA: Duqm progress and condensate Over the past week, headlines in the Middle East
optimism have been dominated by the Saudi-led decision
Oman is continuing to push forward progress in by OPEC+ to maintain production cuts largely
the developing its Duqm refinery, despite having as they are during April and attacks that have
halted engineering work on the integrated petro- brought into focus once more the influence of
chemical facility late last year. The 230,000 barrel geopolitics on oil supplies.
per day (bpd) refinery is now expected to com- While Iraq’s oil minister predicted the lack of
mence operations late this year or early 2022, action on the part of OPEC+ during the March
and this week a supply conduit was completed to meeting, most of the industry was caught off-
connect the facility with gas processing facilities. guard when it announced that only 150,000 bar-
rels per day (bpd) would return to the market in
Euroil: Fluxys joins German LNG efforts April, with the increase to be shared by Russia
Belgium’s Fluxys has signed up to be an and Kazakhstan.
“industrial partner” at the planned Stade LNG
import terminal in Northern Germany, taking NorthAmOil: Chevron to acquire remainder
the ambitious project a step closer towards of Noble Midstream
realisation. Chevron has struck an agreement to acquire all
Stade LNG is the biggest of several LNG the outstanding shares of Noble Midstream Part-
import schemes in Germany, which already has ners that it does not already own.
access to a diversified mix of gas supplies but is The super-major already owns a nearly 63%
looking to strengthen its position as a hub for majority stake in Noble Midstream, which it
central Europe. acquired when it took over its parent company,
Noble Energy, in a deal worth $4.1bn last year.
FSU OGM: Russian oil inches up, Rosneft Under the new all-stock deal, Noble Midstream’s
sues media shareholders will receive 0.1393 of a Chevron
Russian crude oil and condensate supply inched share for each Noble Midstream unit they own.
down 0.8% month on month in February, pre-
liminary data from the country’s energy minis- See the archive and sign up to receive NRG Editor’s
try shows, primarily owing to a decline at fields Picks for free by email each week here.™

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