Page 17 - LatAmOil Week 29 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 55 legislative proposal, aimed at aligning bloc
(NRG), in which the reader is invited to join rules with the target to reduce greenhouse gas
our team of international editors, who provide a (GHG) emissions by 55% by 2030. The Fit for 55
snapshot of some of the key issues affecting their package primarily consists of adjustments to the
regional beats. We hope you will like NRG’s new EU’s Emissions Trading System.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Novatek’s carbon-cutting team
as before. Russia’s Novatek has put together a team of its
directors to look at ways of tackling its green-
AfrOil: Abuja reportedly seeking new house gas (GHG) emissions, even while it
funding for AKK pipeline pursues a rapid expansion in its liquefaction
Nigeria’s federal government is said to be look- capacity. Novatek, like other Russian oil and gas
ing for a new source of funding so that Nigerian companies, is paying closer attention to its envi-
National Petroleum Corp. (NNPC) can continue ronmental social and governance (ESG) score
work on the Ajaokuta-Kaduna-Kano (AKK) than ever before.
natural gas pipeline project. State-controlled
NNPC had previously arranged to cover most GLNG: First Nation, partners propose
of the costs of the $2.8bn project with $1.8bn Canadian LNG project
worth of loans from the Bank of China (BOC) The Nisga’a Nation, a First Nation in British
and China Export & Credit Insurance Corpora- Columbia, has unveiled a proposal for the Ksi
tion (Sinosure). Lisims LNG project, alongside its partners West-
ern LNG and Rockies LNG Partners. The initial
AsianOil: Indonesia’s H1 output falls short project description, which has been filed with
Indonesia’s oil and gas production in the first provincial and federal regulators, envisions a
half of this year has once again missed the gov- 12mn tonne per year (tpy) LNG project at Wil
ernment’s target, the country’s upstream regu- Milit on the northern tip of Pearse Island, near
lator revealed last week. SKK Migas chairman the Nisga’a village of Gingolx.
Dwi Soetjipto said on July 16 that crude lifting
amounted to 667,000 barrels per day in the first MEOG: Oman bidding, Kuwait drilling
six months. Oman’s Ministry of Energy and Minerals will
soon begin accepting bids for three hydrocarbon
DMEA: Fao funding and Jask loading concessions next month under its 2021 Licens-
Oil Minister Ihsan Abdul-Jabbar has disclosed ing Round. Meanwhile, state-owned Kuwait Oil
that Iraq’s recent award of a contract to a Chi- Co. (KOC) is intending to drill more than 750
nese company for the construction of a major wells in the north of the country as it seeks to
new refinery followed receipt of guarantees to expand its oil production capacity despite shelv-
finance the project. Meanwhile, the first volumes ing plans for nearby gas development.
of crude will begin being loaded from Iran’s new
Jask Oil Terminal (JOT) following the arrival NorthAmOil: Cheniere’s expansion plan
of oil through the first phase of the 1,000-km boosted by Tourmaline deal
Goreh-Jask pipeline. Leading US LNG exporter Cheniere Energy has
struck a 15-year supply deal with Tourmaline
EurOil: Higher carbon costs Oil, the largest producer of natural gas in Can-
Natural gas producers in Europe are bracing ada. The deal aims to support a proposed expan-
themselves for higher carbon costs following the sion of Cheniere’s Corpus Christi LNG export
European Commission’s unveiling of its Fit for terminal in Texas. ™

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Week 29 22•July•2021 www. NEWSBASE .com P17