Page 15 - AsianOil Week 10 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global GLNG: Momentum behind carbon-neutral LNG
(NRG), in which the reader is invited to join CARBON-NEUTRAL LNG is increasingly
our team of international editors, who provide a gaining momentum as more industry players
snapshot of some of the key issues affecting their commit to the concept, or put themselves on a
regional beats. We hope you will like NRG's new path towards it.
concise format, but by clicking on the headline This week, Tokyo Gas announced that it had
link for each section the full text will be available joined 14 other Japanese companies in forming
as before. the Carbon Neutral LNG Buyers Alliance in an
effort to promote the more widespread use of the
AfrOil: Nigerian LNG in focus greener version of the fuel.
TWO LNG projects are in focus in Nigeria this
week. On the one hand, ExxonMobil (US) and LatAmOil: Activity offshore Guyana
Nigerian National Petroleum Corp. (NNPC) ACTIVITY levels in Guyana’s offshore zone
have awarded UTM, a local infrastructure firm, have remained high over the last week. Cana-
a contract for the installation of a floating LNG da’s CGX Energy has confirmed plans to move
(FLNG) unit at the Yoho oilfield. The vessel may ahead with the drilling of two exploration wells
eventually be able to produce one or two stand- at the Corentyne and Demerara blocks offshore
ard-size LNG cargoes per month. Guyana, while ExxonMobil (US) is preparing
for the return of a faulty compressor unit to the
DMEA: Duqm progress, condensate optimism Liza Destiny, the floating production, storage
OMAN is continuing to push forward progress and off-loading (FPSO) vessel it has installed
in the developing its Duqm refinery, despite hav- at the Liza-1 oilfield within the Stabroek block.
ing halted engineering work on the integrated
petrochemical facility late last year. The 230,000 MEOG: OPEC+, attacks take front stage
barrel per day (bpd) refinery is now expected OVER the past week, headlines in the Middle
to commence operations late this year or early East have been dominated by the Saudi-led
2022, and this week a supply conduit was com- decision by OPEC+ to maintain production cuts
pleted to connect the facility with gas processing largely as they are during April and attacks that
facilities. have brought into focus once more the influence
of geopolitics on oil supplies.
Euroil: Fluxys joins German LNG efforts While Iraq’s oil minister predicted the lack of
BELGIUM’S Fluxys has signed up to be an action on the part of OPEC+ during the March
“industrial partner” at the planned Stade LNG meeting, most of the industry was caught off-
import terminal in Northern Germany, tak- guard when it announced that only 150,000 bar-
ing the ambitious project a step closer towards rels per day (bpd) would return to the market in
realisation. April, with the increase to be shared by Russia
Stade LNG is the biggest of several LNG and Kazakhstan.
import schemes in Germany, which already has
access to a diversified mix of gas supplies but is NorthAmOil: Chevron to acquire remainder
looking to strengthen its position as a hub for of Noble Midstream
central Europe. CHEVRON has struck an agreement
to acquire all the outstanding shares of
FSU OGM: Russian oil inches up Noble Midstream Partners that it does not
RUSSIAN crude oil and condensate supply already own.
inched down 0.8% month on month in Febru- The super-major already owns a nearly 63%
ary, preliminary data from the country’s energy majority stake in Noble Midstream, which it
ministry shows, primarily owing to a decline at acquired when it took over its parent com-
fields controlled by state-owned Rosneft and its pany, Noble Energy, in a deal worth $4.1bn
subsidiary Bashneft. last year. Under the new all-stock deal, Noble
National production averaged 10.054mn bar- Midstream’s shareholders will receive 0.1393
rels per day (bpd) during the month, which also of a Chevron share for each Noble Midstream
marked a 10.6% drop year on year. unit they own.

Week 10 11•March•2021 www. NEWSBASE .com P15