Page 17 - NorthAmOil Week 29 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global directors to look at ways of tackling its green-
(NRG), in which the reader is invited to join house gas (GHG) emissions, even while it
our team of international editors, who provide a pursues a rapid expansion in its liquefaction
snapshot of some of the key issues affecting their capacity. Novatek, like other Russian oil and
regional beats. We hope you will like NRG’s new gas companies, is paying closer attention to its
concise format, but by clicking on the headline link environmental social and governance (ESG)
for each section the full text will be available as score than ever before, amid increased climate
before. consciousness among investors.

AfrOil: Abuja reportedly seeking new fund- GLNG: First Nation, partners propose Ca-
ing for AKK pipeline nadian LNG project
Nigeria’s federal government is said to be look- The Nisga’a Nation, a First Nation in the Cana-
ing for a new source of funding so that Nige- dian province of British Columbia, has unveiled
rian National Petroleum Corp. (NNPC) can a proposal for the Ksi Lisims LNG project,
continue work on the Ajaokuta-Kaduna-Kano alongside its partners Western LNG and Rock-
(AKK) natural gas pipeline project. State-con- ies LNG Partners. The initial project description
trolled NNPC had previously arranged to cover has been filed with provincial and federal regu-
most of the costs of the $2.8bn project with lators. The group is proposing to build a 12mn
$1.8bn worth of loans from the Bank of China tonne per year (tpy) LNG project at Wil Milit
(BOC) and China Export & Credit Insurance on the northern tip of Pearse Island, near the
Corporation (Sinosure). Nisga’a village of Gingolx, close to BC’s border
with Alaska.
AsianOil: Indonesia’s H1 output falls short
Indonesia’s oil and gas production in the first half of LatAmOil: Carbon-offset LNG cargo arrives
this year has once again missed the government’s in Mexico
target, the country’s upstream regulator revealed BP (UK) has made its first carbon-offset delivery
last week. SKK Migas chairman Dwi Soetjipto said of LNG to the Energía Costa Azul (ECA) termi-
on July 16 that crude lifting amounted to 667,000 nal in Mexico under a contract with two subsid-
barrels per day in the first six months. iaries of US-based Sempra Energy – namely, the
company’s Mexican arm IEnova and its LNG
DMEA: Fao funding and Jask loading arm Sempra LNG. In a joint statement, BP and
This week DMEA looks at Chinese funding for a Sempra noted that the LNG was due to arrive at
Chinese-built refinery in Iraq and preparations ECA’s terminal on July 16.
for the first crude loading from Iran’s new oil
terminal. Oil Minister Ihsan Abdul-Jabbar has MEOG: Oman bidding, Kuwait drilling
disclosed that Iraq’s recent award of a contract MEOG this week covers Muscat’s latest attempt
to a Chinese company for the construction of a to drum up interest in currently non-produc-
major new refinery followed receipt of guaran- ing areas, while Kuwait is preparing to kick off
tees to finance the project. Meanwhile, the first a major drilling campaign. Oman’s Ministry
volumes of crude will begin being loaded from of Energy and Minerals last week announced
Iran’s new Jask Oil Terminal (JOT) following the that it will begin accepting bids for three
arrival of oil through the first phase of the 1,000- hydrocarbon concessions next month under
km Goreh-Jask pipeline. its 2021 Licensing Round. Meanwhile, state-
owned Kuwait Oil Co. (KOC) is intending to
EurOil: higher carbon costs drill more than 750 wells in the north of the
Natural gas producers in Europe are bracing country as it seeks to expand its oil production
themselves for higher carbon costs follow- capacity despite shelving plans for nearby gas
ing the European Commission’s unveiling development.
of its Fit for 55 legislative proposal, aimed at
aligning bloc rules with the target to reduce NorthAmOil: Cheniere’s expansion plan
greenhouse gas (GHG) emissions by 55% by boosted by Tourmaline deal
2030. The Fit for 55 package primarily con- Leading US LNG exporter Cheniere Energy has
sists of adjustments to the EU’s Emissions struck a 15-year supply deal with Tourmaline
Trading System, its flagship tool for reducing Oil, the largest producer of natural gas in Can-
emissions that requires polluters to purchase ada. The deal is aimed at supporting a proposed
permits to cover the CO2 they emit. expansion of Cheniere’s Corpus Christi LNG
export terminal in Texas.
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Week 29 22•July•2021 www. NEWSBASE .com P17