Page 6 - LatAmOil Week 02 2021
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LatAmOil                     NEWSBASE’S ROUNDUP GLOBAL (NRG)                                        LatAmOil













































       NRG: Pushing ahead with plans







       Companies and countries alike are taking steps forward with various oil and gas

       plans, though some continue to tread carefully in uncertain market conditions



        COMMENTARY       WELCOME to the latest edition of NewsBase’s  AfrOil: Senegal heading for 2023
                         Roundup Global (NRG), in which our team of  Looking ahead, 2023 is set to be a pivotal year
                         international editors provide you with a snap-  for Senegal, which will see two major offshore
                         shot of some of the key issues affecting their  blocks begin production at that time.
                         regional beats. Get the NRG Oil & Gas Editor’s   Last week, Senegal’s government reported
                         Picks to your inbox every week for free. Just sign  that BP and Kosmos Energy were on track to
                         up here.                             begin extracting natural gas from the Grand
                           There were signs of progress on various oil and  Tortue/Ahmeyim (GTA) block in 2023, which
                         gas plans around the world in recent days, while oil  extends into the maritime zone of neighbouring
                         prices rose, buoyed by Saudi Arabia’s pledge to cut  Mauritania. Oil Minister Sophie Gladima told
                         production by 1mn barrels per day (bpd) above its  Bloomberg that the field would help Dakar sup-
                         current quota in February and March.  port gas-to-power projects and other economic
                           Progress on new production projects has been  development efforts.
                         reported by countries such as Senegal. Meanwhile,   She also stressed that Senegal did not intend
                         two companies have pledged to work together to  to use its newly discovered hydrocarbon
                         promote, identify and develop new opportunities  resources to gain entry to OPEC or other inter-
                         in Bolivia’s hydrocarbon and renewable energy sec-  national industry organisations.
                         tors. Iran is also on a drive to raise its production,   Gladima’s comments came shortly after FAR
                         and has committed nearly $3bn to the endeavour.  Ltd (Australia), a member of the joint venture
                           In North America, however, shale drillers have  that is developing Senegal’s offshore Sangomar
                         said they will proceed with caution regardless of  block, revealed that it was pushing the date of
                         higher oil prices, calling for restraint in order to help  a shareholders meeting back by four weeks to
                         bring about a more lasting oil recovery.  February 18.



       P6                                       www. NEWSBASE .com                        Week 02   14•January•2021
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