Page 16 - EurOil Week 19 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Sempra Likely To Push Port Arthur
(NRG), in which the reader is invited to join LNG FID Back To 2022
our team of international editors, who provide a Sempra Energy said last week that it would likely
snapshot of some of the key issues affecting their delay the final investment decision (FID) on its
regional beats. We hope you will like NRG's new proposed Port Arthur LNG export terminal in
concise format, but by clicking on the headline Texas to 2022.
link for each section the full text will be available If this happens, it would be the second delay
as before. after Sempra initially pushed back the FID
from 2020 to 2021 as a result of market uncer-
AfrOil: Total Launches Zinia Phase 2 Pro- tainty caused by the coronavirus (COVID-19)
ject pandemic.
France’s Total has launched the second stage of
development work at Zinia, a section of Block LatAmOil: API Blasts AMLO For Favouring
17 offshore Angola. Pemex
In a joint statement with Angola’s National Mexican President Andres Manuel Lopez
Oil, Gas and Biofuels Agency (ANPG), Total Obrador has come under fire from an influen-
reported that it had brought the Zinia Phase tial US industry association for his efforts to
2 short-cycle project on stream. It said it had ensure that state-owned companies continue
reached this milestone on schedule after “more to dominate the domestic energy sector.
than 3mn man-hours of work, of which 2mn In a letter sent to several high-ranking US
were performed in Angola, without any inci- officials, the American Petroleum Institute
dent.” Capital expenditures came in at 10% (API) criticised the Mexican government’s
below the budgeted amount, resulting in savings policy of giving preference to public-sector
of $150mn, it added. organisations such as Pemex, the national oil
company (NOC), and the Federal Electricity
AsianOil: Comet Wins CBM Block In Commission (CFE). This policy has become
Queensland part of Mexico’s legal regime following the
Australian independent Comet Ridge has presidential administration’s successes in
been awarded a new coal-bed methane (CBM) amending the Power Industry Law and the
exploration block by the Queensland State Hydrocarbons Law last month, it noted.
government.
Comet said on May 10 that the 338-square MEOG: Basra Buying And Burgan On Fire
km authority to prospect (ATP) 2063, which This week’s MEOG looks at Basra Oil Co.
will now be called Mahalo Far East, was one of (BOC’s) efforts to buy a major stake in one of
two the state government had assigned to the Iraq’s biggest oilfields and the outbreak of a fire
company in September 2020 under preferred at the world’s second-largest onshore oilfield.
tenderer status. Following weeks of speculation, BOC sub-
mitted a formal request this week to acquire
DMEA: Angolan Outlet And Syrian Blaze ExxonMobil’s 32.7% stake in the West Qurna-1
This week’s DMEA looks at a recent deal between oilfield development project. Speaking to Reu-
Angola and Zambia to carry out studies on a ters on May 10, the company’s director-general
long-awaited fuel pipeline and a spate of fires Khalid Hamza Abbas said: “A decision has been
at Syrian refineries. Luanda and Lusaka signed made and we sent a formal letter to ExxonMo-
a memorandum of understanding (MoU) to bil asking to buy its share.” He added that Exxon
carry out studies for the construction of the anticipates a return of $350mn for the stake,
Angola-Zambia Oil Pipeline (AZOP). valuing the remaining nine years of the 20-year
technical services contract (TSC) signed in 2010
FSUOGM: Rosneft’s $240mn Licence Pur- at $1.07bn.
chase
Rosneft outbid its domestic rival Gazprom NorthAmOil: Cyberattack Knocks Out Co-
in a heated tender in late April for rights to a lonial Pipeline
large onshore oil and gas block in the Yama- A ransomware cyberattack on Colonial Pipeline
lo-Nenets region, paying an unusually high has been described as one of the most disruptive
$240mn for the licence. digital ransom schemes ever reported. See the archive and
Rosnedra invited bids starting at The 5,500-mile (8,850-km) pipeline, which sign up to receive
RUB697mn ($9.45mn) for rights to the Seve- carries nearly half the fuel consumed along the *NRG Editor’s Picks*
ro-Kustarnikovy block, which is believed to US East Coast, was forced by the attack to go for free by email each
be gas prone. Its D1+D2 liquids resources are offline on May 7. As of May 11, a restart was still week here
estimated at 114mn tonnes (836mn barrels), thought to be days away, with Colonial Pipeline
while its gas volumes are assessed are nearly aiming to “substantially” restore operational ser-
400bn cubic metres. vice by the end of the week..™

P16 www. NEWSBASE .com Week 19 13•May•2021