Page 17 - MEOG Week 18 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

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 FSUOGM: Total eyes stake in LNG com-
regional beats. plexes
We hope you will like NRG’s new concise for- Novatek, Russia’s largest privately owned pro-
mat, but by clicking on the headline link for each ducer of natural gas, is looking to sell a minority
section the full text will be available as before. stake in its LNG transshipment unit to France’s
Total.
AfrOil: Uganda poised for December tender Last week, the two companies signed a heads
Ugandan authorities are gearing up to seek of agreement (HoA) that provides for Total
contractors for infrastructure projects that will to buy a 10% stake in Arctic Transshipment, a
support the country’s nascent oil industry later wholly owned subsidiary of Novatek.
this year.
A representative of the Petroleum Authority GLNG: AGL scraps Crib Point project
of Uganda (PAU) said last week that Kampala Australia’s AGL Energy said this week that it
hoped to call the first set of tenders in December. was stopping development of its proposed Crib
Point LNG import project.
AsianOil: PetroChina posts quarterly profit The move is not a surprising one, as it comes
State-run PetroChina has posted a first-quarter around a month after the State of Victoria
net profit of CNY27.72mn ($4.28bn), a return to rejected the plan on concerns over its environ-
the black after the previous year’s CNY16.23bn mental impact.
($2.51bn) loss.
China’s largest oil and gas producer said on LatAmOil: New contract model for Guyana
April 29 that the result was its best quarterly net Irfaan Ali, the president of Guyana, has
profit in the past seven years. announced plans to introduce a new model for
assigning oil blocks to investors.
DMEA: Northern Gulf refinery progress He explained that his administration was
Both Iran and Iraq announced progress on stra- moving away from direct negotiations with
tegic refining projects this week, with the former international oil companies (IOCs) and would
closing in on completion of the gas refinery ded- instead conduct licensing rounds.
icated to Phase 14 of the supergiant South Pars
field and the latter expecting the Karbala refin- NorthAmOil: Williston assets change hands
ery to be commissioned next year. Oasis Petroleum announced this week that it
had agreed to acquire Diamondback Energy’s
EurOil: Firms to partner on Pegasus West Williston Basin assets for $745mn.
Spirit Energy and Neptune Energy have agreed The news came days after Norway’s Equinor
to partner on the development of the Pegasus said it had completed its own sale of Williston
West discovery in the UK’s Southern North Sea. Basin assets for $900mn.™
This marks the end of a dispute between the

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