Page 14 - NorthAmOil Week 38 2021

NorthAmOil NEWSBASE ROUNDUP GLOBAL (NRG) NorthAmOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global to 2023, the company announced on September
(NRG), in which the reader is invited to join 15, representing the most ambitious climate tar-
our team of international editors, who provide a get for an oil company of its size. The company,
snapshot of some of the key issues affecting their whose flagship project is the Edvard Grieg field
regional beats. We hope you will like NRG's new in the Norwegian North Sea, said the target cov-
concise format, but by clicking on the headline ered Scope 1, 2 and 3 emissions.
link for each section the full text will be available
as before. FSUOGM: Gazprom under fire
THE widely circulated narrative in the media is
AfrOil: Nigeria establishes NNPC Ltd as that Russia is to blame for record-high gas and
new NOC power prices in Europe. But in reality, the cur-
NIGERIAN President Muhammadu Buhari has rent situation has been caused in large part by
issued an order authorising the incorporation of serious shortcomings in European energy policy.
Nigerian National Petroleum Corp. Ltd (NNPC
Ltd), in line with Section 53(1) of the recently GLNG: US manufacturers call for LNG re-
signed Petroleum Industry Act (PIA). This act strictions
lays the groundwork for the new company to A major trade group in the US has urged the
replace an existing state-run entity, Nigerian government to take steps to curtail the coun-
National Corp. (NNPC) as Nigeria’s national oil try’s LNG exports, warning of high domestic
company. prices and potentially shortages later this year.
The request revives a decade-long dispute over
AsianOil: Strike completes pre-FEED at WA the economic benefits of rising LNG exports
ammonia project and the impact that they have on the domestic
AUSTRALIAN natural gas developer Strike industry that depends on low-cost gas for power
Energy has completed a pre-front-end engineer- and feedstock.
ing and design study on an ammonia and urea
manufacturing facility development in Western LatAmOil: bpTT brings Matapal field on
Australia. Strike said on September 20 that inter- stream ahead of schedule
national oil and gas services provider Technip BP Trinidad and Tobago (bpTT), a subsidiary of
Energies’ seven-month plant study had resulted BP, revealed on September 20 that it had begun
in a 6% reduction in capital estimates compared extracting natural gas from the Matapal field
with feasibility study estimates from January. offshore Trinidad and Tobago. In a statement,
bpTT said it had succeeded in bringing Mata-
DMEA: Iraq, Iran to expand refining pal on stream seven months ahead of schedule,
IN DMEA this week we look at plans and pro- despite the challenges posed by the global coro-
gress by neighbours Iraq and Iran as they seek navirus (COVID-19) pandemic.
to increase their oil refining capabilities. Iraq’s
state-owned North Refineries Co. (NRC) this MEOG: Iraq moves to capture gas
week signed a preliminary agreement with THIS week’s MEOG looks at efforts by Iraq to
Swedish firm SEAB and Limak Holding of Tur- capture and utilise associated gas, while its state
key for investment to construct a 70,000 barrel oil marketer said it is yet to receive any oil vol-
per day refinery at Qayarah near Mosul. Mean- umes from the Kurdistan region. Baker Hughes
while, Iranian Minister of Petroleum Javad Owji this week agreed a deal with the Ministry of Oil
this week said that the country aims to increase to capture up to 200mn cubic feet (5.7mn cubic
refining capacity while improving the quality of metres) per day of gas from the Nassiriyah and
refined products. Gharraf oilfields in Dhi Qar Governorate. Mean-
while, despite now being in the second half of
EurOil: Lundin targets climate neutrality in September, Iraq’s Federal and Kurdish Regional
2023 Governments still appear some way short of an
SWEDEN’S Lundin has brought forward its tar- agreement to end lengthy arguments about oil
get for reaching carbon neutrality by two years sales.™

P14 www. NEWSBASE .com Week 38 23•September•2021