Page 17 - FSUOGM Week 18 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global two companies over how the project should be
(NRG), in which the reader is invited to join developed.
our team of international editors, who provide a
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: AGL formally scraps Crib Point
concise format, but by clicking on the headline LNG import project
link for each section the full text will be available Australia’s AGL Energy said this week that it was
as before. stopping development of its proposed Crib Point
LNG import project. The move is not a surpris-
AfrOil: Uganda to tender oilfield service ing one, as it comes around a month after the
contracts in December State of Victoria rejected the plan on concerns
Ugandan authorities are gearing up to seek con- over its environmental impact.
tractors for infrastructure projects that will sup-
port the country’s nascent oil industry later this
year. A representative of the Petroleum Author- LatAmOil: Guyana to adopt new model for
ity of Uganda (PAU) said last week that Kampala awarding oil contracts
hoped to call the first set of tenders in December. Irfaan Ali, the president of Guyana, has
announced plans to introduce a new model for
assigning oil blocks to investors. He explained
AsianOil: PetroChina posts best quarterly that his administration was moving away from
profit in seven years direct negotiations with international oil compa-
State-run PetroChina has posted a first-quarter nies (IOCs) and would instead conduct licensing
net profit of CNY27.72mn ($4.28bn), a return to rounds.
the black after the previous year’s CNY16.23bn
($2.51bn) loss. China’s largest oil and gas pro-
ducer said on April 29 that the result was its best MEOG: Basra in the crosshairs
quarterly net profit in the past seven years. Iraq’s Oil Minister revealed this week that state-
owned Basra Oil Co. (BOC) is considering pick-
ing up the 32.7% stake ExxonMobil is currently
DMEA: Northern Gulf refinery progress looking to sell in the West Qurna-1 oilfield.
Both Iran and Iraq announced progress on stra- Meanwhile, Basra Gas Co. (BGC) is also in line
tegic refining projects this week, with the former for a major project boost with the Ministry of Oil
closing in on completion of the gas refinery ded- (MoO) announcing plans to invest $3bn in the
icated to Phase 14 of the supergiant South Pars company.
field and the latter expecting the Karbala refinery
to be commissioned next year.
NorthAmOil: Williston Basin assets set to
change hands
EurOil: Spirit, Neptune to partner on Oasis Petroleum announced this week that it had
Pegasus West agreed to acquire Diamondback Energy’s Wil-
Spirit Energy and Neptune Energy have agreed liston Basin assets for $745mn. The news came
to partner on the development of the Pegasus days after Norway’s Equinor said it had com-
West discovery in the UK’s Southern North Sea. pleted its own sale of Williston Basin assets for
This marks the end of a dispute between the $900mn. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive

NRG EDITOR’S PICKS

for free by email each week here.

Week 18 05•May•2021 www. NEWSBASE .com P17