Page 17 - EurOil Week 22 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global a recovery in fuel demand. Significant devalu-
(NRG), in which the reader is invited to join ation of the Russian ruble since the pandemic
our team of international editors, who provide a began was also a major factor.
snapshot of some of the key issues affecting their Revenues at the country’s second-big-
regional beats. We hope you will like NRG's new gest oil producer rose by 13% year on year to
concise format, but by clicking on the headline RUB1.9 trillion and EBITDA more than dou-
link for each section the full text will be available bled to RUB314.4bn.
as before.
GLNG: Venture Global Unveils CCS Plan For
Afroil: Tlou Energy To Develop “Hydrogen Louisiana LNG Projects
Strategy” For GTP Project US-based Venture Global LNG announced last
Australia’s Tlou Energy hopes that its Lesedi gas- week that it would develop carbon capture and
to-power (GTP) project in Botswana will serve storage (CCS) capacity to serve two of its LNG
as a springboard for blue and green hydrogen export projects on Louisiana’s Gulf Coast.
production. The company intends to develop Venture Global said that the CCS pro-
a “hydrogen strategy” to complement the GTP ject still needed regulatory approvals but was
scheme and has already secured some of the shovel-ready.
assets and administrative permits it will need to
begin turning out hydrogen. LatAmOil: Hess, ExxonMobil Optimistic
About Yellowtail Project
AsianOil: ConocoPhillips To Exit Indone- ExxonMobil and Hess both expect to move
sia’s Corridor Block forward quickly with preparations for oil
US super-major ConocoPhillips is reportedly production at Yellowtail, the fourth section
gearing up to walk away from the Corridor nat- of the Stabroek block offshore Guyana slated
ural gas block onshore Indonesia. for development.
The deputy head of upstream regulator
SKK Migas, Fatar Yani Abdurrahman, revealed MEOG: Azadegan And Qurna-2 In Focus
last week that the company had told the agency This week’s MEOG considers projects
that it wanted to relinquish its stake in the to increase production from two of the
licence. world’s largest oilfields: Azadegan and West
Qurna-2.
DMEA: Dangote Admirers And Kuwait Fin- Iran’s NIOC signed memoranda of under-
ishes CFP standing (MoUs) with Persia Oil & Gas Indus-
In this week’s DMEA, we take a look at the grow- try Development Co. (POGIDC) for the
ing interest among oil companies to acquire a northern sector of the 32bn barrel Azadegan,
minority stake in Nigeria’s Dangote Refinery, with Petropars and PetroIran Development
while Kuwait has completed construction of its Co. (PEDCO) for the central sector, and with
Clean Fuels Project (CFP). independents Pasargad Energy Development
Following the news last week that the Nige- Co. (PEDC) and Dana Energy for the southern
rian National Petroleum Corp. (NNPC) is con- sector.
sidering acquiring a stake in the new Dangote
Refinery, the facility’s developer has said that NorthAmOil: Shareholders Put Pressure On
three foreign companies have also made invest- Super-Majors
ment overtures. US super-majors Chevron and ExxonMobil
both suffered defeats at the hands of their
FSUOGM: Lukoil Beats Expectations In Q1 shareholders last week. See the archive and
Russia’s Lukoil swung to a net profit of In ExxonMobil’s case, a relatively small sign up to receive
RUB157bn ($2.14bn) in the first quarter, ver- activist investor hedge fund succeeded in *NRG Editor’s Picks*
sus a RUB46bn loss a year earlier, on the back having at least two of its nominees elected to for free by email each
of higher oil prices, increased gas supply and the company’s board..™ week here

Week 22 03•June•2021 www. NEWSBASE .com P17