Page 19 - DMEA Week 38 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global serious shortcomings in European energy policy.
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: US manufacturers call for slowdown
snapshot of some of the key issues affecting their A major trade group in the US has urged the
regional beats. government to take steps to curtail the country’s
We hope you enjoy NRG’s new concise for- LNG exports, warning of high domestic prices
mat, but by clicking on the headline link for each and potentially shortages later this year.
section the full text will be available as before. The request revives a decade-long dispute
over the economic benefits of rising LNG
AfrOil: NNPC Ltd established as new NOC exports and the impact that they have on the
Nigerian President Muhammadu Buhari has domestic industry that depends on low-cost gas
issued an order authorising the incorporation of for power and feedstock.
Nigerian National Petroleum Corp. Ltd (NNPC
Ltd), in line with Section 53(1) of the recently LatAmOil: Matapal ahead of schedule
signed Petroleum Industry Act (PIA). BP Trinidad and Tobago (bpTT), a subsidiary of
This act lays the groundwork for the new BP, revealed on September 20 that it had begun
company to replace an existing state-run entity, extracting natural gas from the Matapal field off-
Nigerian National Corp. (NNPC) as Nigeria’s shore Trinidad and Tobago.
national oil company. In a statement, bpTT said it had succeeded in
bringing Matapal on stream seven months ahead
AsianOil: Strike completes WA pre-FEED of schedule, despite the challenges posed by the
Australian natural gas developer Strike Energy global coronavirus (COVID-19) pandemic.
has completed a pre-front-end engineering and
design study on an ammonia and urea manufac- MEOG: Iraq moves to capture gas
turing facility development in Western Australia. This week’s MEOG looks at efforts by Iraq to cap-
Strike said on September 20 that interna- ture and utilise associated gas, while its state oil
tional oil and gas services provider Technip marketer said it is yet to receive any oil volumes
Energies’ seven-month plant study had resulted from the Kurdistan region.
in a 6% reduction in capital estimates compared Baker Hughes this week agreed a deal with
with feasibility study estimates from January. the Ministry of Oil to capture up to 200mn cubic
feet (5.7mn cubic metres) per day of gas from
EurOil: Lundin’s 2023 climate target the Nassiriyah and Gharraf oilfields in Dhi Qar
Sweden’s Lundin has brought forward its target Governorate.
for reaching carbon neutrality by two years to Meanwhile, despite now being in the second
2023, the company announced on September half of September, Iraq’s Federal and Kurdish
15, representing the most ambitious climate tar- Regional Governments still appear some way
get for an oil company of its size. The company, short of an agreement to end lengthy arguments
whose flagship project is the Edvard Grieg field about oil sales.
in the Norwegian North Sea, said the target cov-
ered Scope 1, 2 and 3 emissions. NorthAmOil: ConocoPhillips’s Permian deal
Royal Dutch Shell has agreed to sell its portfo-
FSUOGM: Gazprom under fire lio of shale assets in the US’ Permian Basin to
The widely circulated narrative in the media is ConocoPhillips for $9.5bn in cash.
that Russia is to blame for record-high gas and Shell’s assets cover around 225,000 net acres
power prices in Europe. But in reality, the cur- (910.5 square km) and produce about 175,000
rent situation has been caused in large part by barrels of oil equivalent per day. ™

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