Page 20 - DMEA Week 17 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global field in Western Siberia.
(NRG), in which the reader is invited to join Both gas and condensate are now flowing
our team of international editors, who provide a from the site, which is undergoing commission-
snapshot of some of the key issues affecting their ing, Gazprom announced on April 21.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Philippines LNG-to-power approval
link for each section the full text will be available The government of the Philippines has approved
as before. Vires Energy’s proposed LNG-to-power project
in Batangas province.
AfrOil: Force majeure at Mozambique LNG The Philippine Department of Energy (DoE)
France’s Total has issued a declaration of force issued a “notice to proceed” (NTP) on April 22,
majeure on the Mozambique LNG project, citing which it said is the first step for a company seek-
unfavourable security conditions in Cabo Del- ing to build an LNG terminal or other down-
gado, Mozambique’s northernmost province. stream gas project.
In a statement published earlier this week,
the company confirmed that it had withdrawn LatAmOil: YPFB revenues to rise
all project personnel from the construction site Wilson Zelaya, the CEO of Bolivia’s Yacimientos
where it is building an onshore complex and Petrolíferos Fiscales Bolivianos (YPFB), has said
LNG plant. that conditions are improving in his country’s
hydrocarbon sector.
AsianOil: Eni starts up Indonesia’s Merakes Speaking during the 2021 Initial Pub-
Italian major Eni has started producing natural lic Accountability Hearing last week, Zelaya
gas from its deepwater Merakes project in the reported that YPFB was on track to see crude oil
East Sepinggan block offshore Indonesia. and natural gas revenues rise above $1.9bn this
The company said on April 26 that the pro- year, up by 35% on the 2020 figure.
ject had a guaranteed production capacity of
450mn cubic feet (12.74mn cubic metres) per MEOG: Aramco assets and Iraqi talks
day thanks to its five subsea wells. With Saudi Aramco having completed its
$12.4bn oil pipeline lease deal, reports have
EurOil: 3rd Barryroe farm-out falls through emerged that it will look to replicate the strategy
Irish juniors Providence Resources and Lans- on other assets. Meanwhile in Iraq, the Minis-
downe Oil & Gas have said they will proceed try of Oil (MoO) is racing to complete a deal
with the development of Ireland’s largest oil dis- to replace ExxonMobil in the West Qurna-1
covery on their own, after reporting that their consortium while trying to reach a contractual
third farm-out deal had collapsed. agreement with Total on its mega deal.
The pair had hoped to farm out a 50% inter-
est in the offshore Barryroe oil and gas field in NorthAmOil: SLB predicts quick recovery
the Atlantic Ocean to Norway’s SpotOn Energy, US oilfield services giant Schlumberger has
under an agreement reached in December. revised its projections for the pace of the oil and
gas industry’s recovery.
FSUOGM: More Achimov gas on stream Schlumberger’s CEO, Olivier Le Peuch, said
Russia’s Gazprom and Germany’s Wintershall on the company’s earnings call last week that oil
Dea have kicked off gas production at Block 5A demand would reach pre-pandemic levels by the
of the Achimov layer of the giant Urengoy gas end of 2022.™

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P20 www. NEWSBASE .com Week 17 29•April•2021