Page 16 - MEOG Week 30 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global has been high this month, supported by a rally
(NRG), in which the reader is invited to join in oil and gas prices, the Norwegian Petroleum
our team of international editors, who provide a Directorate reported on July 7.
snapshot of some of the key issues affecting their Eight discoveries were made during the
regional beats. six-month period, with a combined mid-range
We hope you enjoy NRG’s new concise for- resource estimate of more than 400mn barrels
mat, but by clicking on the headline link for each of oil equivalent.
section the full text will be available as before.
FSUOGM: Russia open to Ukraine transit
AfrOil: Cameroon to send more gas to FLNG Russia is open to continuing natural gas transits
Perenco (UK/France) and Société Nationale des via Ukraine after its current contract with Kyiv
Hydrocarbures (SNH), the national oil company expires at the end of 2024, Kremlin spokesman
of Cameroon, have arranged to increase the Dmitry Peskov told reporters on July 22.
total volume of natural gas delivered to the Hilli Peskov was responding to a joint statement
Episeyo, a floating LNG (FLNG) vessel owned issued by Germany and the US on July 21, in
by Bermuda-registered Golar LNG. which they declared they would let Nord Stream
According to Golar LNG, the parties have 2 go ahead but would punish Russia if it tried to
struck a deal that provides for Perenco and SNH use the pipeline as a weapon.
to deliver enough additional gas to boost the
FLNG’s production capacity to 1.4mn tonnes GLNG: Port Arthur LNG suffer another blow
per year in 2022. US-based Sempra Energy announced this week
that it had signed a memorandum of under-
AsianOil: India approves two new SPR sites standing with Poland’s PGNiG for the poten-
The Indian government has approved plans to tial purchase of around 2mn tonnes per year of
build two underground crude oil storage facili- LNG.
ties that will expand the country’s strategic petro- The preliminary deal potentially spells bad
leum reserve (SPR) capacity by 6.5mn tonnes. news for Sempra’s proposed Port Arthur LNG
The central government allocated INR2.1bn export project in Texas.
($28.18mn) in fiscal year 2020-2021 to acquire
the land needed for a 4mn tonne (43.98mn bar- LatAmOil: America’s neighbourhood watch
rel) facility in Odisha State and a 2.5mn tonne Twenty US senators and representatives,
(18.3mn barrel) facility in Karnataka State, Min- including members of both the Democratic
ister for Petroleum and Natural Gas Rameswar and Republican parties, have urged President
Teli told the Lower House on July 26. Joe Biden to take a closer look at the Mexican
government’s energy policy in light of the chal-
DMEA: Pipe freeze and sanctions scrutiny lenges faced by US oil, gas and power companies
This week’s DMEA covers the freezing of a con- working in Mexico.
troversial pipeline deal, while revelations have In the letter, the legislators voiced serious
been made about the company at the heart of concerns about the measures that the admin-
Iran’s ongoing oil trade. Israel’s Ministry of Envi- istration of Mexican President Andres Manuel
ronmental Protection this week announced Lopez Obrador has taken to insulate state-run
that it was delaying the development of an oil organisations from competition.
transmission project that will pipe Emirati oil
from the Red Sea directly to the Mediterranean. NorthAmOil: Shell announces Whale FID
Meanwhile, despite having been blacklisted by A Royal Dutch Shell subsidiary announced this
the US two years ago, China Concord Petroleum week that it had made a final investment deci-
Co. (CCPC) is reported to have become a key sion (FID) on the Whale project in the US Gulf
player in the trade of Iranian oil. of Mexico.
Shell Offshore said Whale would entail 99%
EurOil: Norway enjoys good year replication of the hull and 80% replication of the
Activity on the Norwegian Continental Shelf topsides from the company’s Vito project. ™

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P16 www. NEWSBASE .com Week 30 28•July•2021