Page 17 - LatAmOil Week 17 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global discovery on their own, after reporting that
(NRG), in which the reader is invited to join their third farm-out deal had collapsed. The pair
our team of international editors, who provide a had hoped to farm out a 50% interest in the Bar-
snapshot of some of the key issues affecting their ryroe oil and gas field in the Atlantic Ocean to
regional beats. We hope you will like NRG’s new Norway’s SpotOn Energy, under an agreement
concise format, but by clicking on the headline reached in December.
link for each section the full text will be available
as before. FSU OGM: More Achimov gas comes on
stream
AfrOil: Total declares force majeure on Russia’s Gazprom and Germany’s Wintershall
Mozambique LNG Dea have kicked off gas production at Block 5A
France’s Total has issued a declaration of force of the Achimov layer of the giant Urengoy gas
majeure on the Mozambique LNG project, citing field in Western Siberia. Both gas and condensate
unfavourable security conditions in Cabo Del- are now flowing from the site, which is undergo-
gado, Mozambique’s northernmost province. In ing commissioning, Gazprom announced on
a statement published earlier this week, the com- April 21.
pany confirmed that it had withdrawn all project
personnel from the construction site where it is GLNG: Philippines approves Vires
building an onshore complex and LNG plant. Energy’s LNG-to-power project
The government of the Philippines has approved
AsianOil: Eni starts up Indonesian Vires Energy’s proposed LNG-to-power project.
deepwater gas field The Philippine Department of Energy (DoE)
Italian major Eni has started producing natural issued a “notice to proceed” (NTP) on April 22,
gas from its deepwater Merakes project in the which it said is the first step for a company seek-
East Sepinggan block offshore Indonesia. The ing to build an LNG terminal or other down-
company said on April 26 that the project had a stream gas project.
guaranteed production capacity of 450mn cubic
feet (12.74mn cubic metres) per day thanks to its MEOG: Aramco assets and Iraqi talks on
five subsea wells. Western Qurna-1
With Saudi Aramco having completed its
DMEA: NNPC’s woes and Durban’s $12.4bn oil pipeline lease deal, reports have
terminal plan emerged that it will look to replicate the strat-
In Nigeria this week, NNPC released data show- egy on other assets, while in Iraq, the Ministry of
ing that its refineries have been shut in for 19 Oil (MoO) is racing to complete a deal to replace
consecutive months. During the period of July ExxonMobil in the West Qurna-1 consortium
2019 until January 2021, Nigeria’s four state- while trying to reach a contractual agreement
owned facilities have had a utilisation rate of 0%, with Total on its mega deal.
costing NNPC more than $460mn. In South
Africa, the 120,000 bpd Durban oil refinery is to NorthAmOil: Schlumberger predicts
be converted into an import terminal following quicker recovery than before
years of losses and a fire in December.. Oilfield services giant Schlumberger has revised
its projections for the pace of the oil and gas
EurOil: Barryroe farm-out falls through industry’s recovery. Schlumberger’s CEO, Oliv-
Irish juniors Providence Resources and Lans- ier Le Peuch, said on the company’s earnings call
downe Oil & Gas have said they will proceed last week that oil demand would reach pre-pan-
with the development of Ireland’s largest oil demic levels by the end of 2022. ™

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Week 17 29•April•2021 www. NEWSBASE .com P17