Page 19 - MEOG Week 08 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global mid-2019, two years after the company’s crea-
(NRG), in which the reader is invited to join tion through the merger between France-based
our team of international editors, who provide a Technip and US-based FMC Technologies. But
snapshot of some of the key issues affecting their it put the process on hold after the coronavirus
regional beats. We hope you will like NRG’s new (COVID-19) pandemic struck.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Lukoil turns to the Caspian
as before. Russian oil firm Lukoil has expressed interest in
developing the Dostluk oil and gas field in the
AfrOil: Angola votes on downstream, explo- Caspian Sea, Turkmen state media has reported.
ration For years Dostluk, formerly known as Kapaz
The government of Angola has announced plans by Azerbaijan and Serdar by Turkmenistan, was
to reduce the country’s dependence on imported contested by the two Caspian countries. But the
petroleum products. To this end, legislators have pair signed a memorandum of understanding
authorised President João Lourenço to offer (MoU) in late January on joint exploration of
special incentives for the construction of the the deposit.
Cabinda refinery.
GLNG: Pair of Qatari deals
AsianOil: CNOOC Ltd makes Bohai Bay Two separate LNG-related deals have been
discovery announced this week, involving Qatargas and
State-run Chinese offshore developer CNOOC its parent company, Qatar Petroleum (QP).
Ltd announced on February 22 that it had made Italy’s Saipem said it had received a contract
a significant shallow-water oil and gas discovery worth around $1.7bn from Qatargas for engi-
in the Bohai Bay. neering, procurement, construction and instal-
The discovery in the Bozhong 13-2 structure, lation (EPCI) of various offshore facilities at
which CNOOC Ltd described as “large-sized” Qatar’s North Field.
without providing a resource estimate, is located
in the bay’s south-western Ring of Bozhong Sag, LatAmOil: Mexico offers support to Pemex
in around 23 metres of water. Mexico’s government is offering additional fis-
cal support to Pemex, the national oil company
DMEA: Downstream dealing picks up (NOC), in the form of a stimulus package that
Having spent years talking about its plans to includes around $3.5bn in tax breaks and a cap-
overhaul the country’s four state-owned refin- ital boost of $1.3-1.6bn. Its plan complements
eries, Nigeria’s NNPC last week finally secured a set of earlier concessions designed to reduce
funding for a major rehabilitation project focus- Pemex’s profit-sharing duties in 2020 and 2021.
ing on the largest unit.
The Port Harcourt maintenance project is NorthAmOil: Profits, opportunities for TC
now expected to kick off during Q1 and will look Canada’s TC Energy has reported a net profit
to return the 210,000 barrel per day (bpd) refin- attributable to common shares of CAD1.124bn
ery to 90% capacity. ($890mn) for the fourth quarter of 2020, up
from CAD1.108bn ($878mn) year on year.
Euroil: TechnipFMC does the splits While the company expressed its disappoint-
France’s TechnipFMC has wrapped up the sepa- ment with US President Joe Biden’s cancellation
ration of its engineering and construction oper- of the permit of the Keystone XL pipeline pro-
ations from its services and technology activities. ject, TC Energy’s CEO, François Poirier, noted
TechnipFMC announced the split in that it had a “large and diversified” asset base.™

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