Page 17 - DMEA Week 02 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Anti-government protests and subsequent
(NRG), in which the reader is invited to join riots have swept across the Central Asian coun-
our team of international editors, who provide a try in recent days in response to a hike in fuel
snapshot of some of the key issues affecting their prices, namely for LPG.
regional beats.
We hope you enjoy NRG’s new concise for- GLNG: Novatek signs Arctic LNG 2 deals
mat, but by clicking on the headline link for each Russia’s Novatek announced on January 11 that
section the full text will be available as before. it had struck separate long-term supply agree-
ments with two Chinese companies – Zhejiang
AfrOil: Nigerian firms may bid for SPDC Provincial Energy Group and ENN Natural Gas.
Five Nigerian independents have shown inter- Both deals entail LNG being supplied from
est in joining Shell Petroleum Development Co. Novatek’s Arctic LNG 2 project, which is under
(SPDC), a joint venture that operates 19 onshore construction and scheduled to start production
oil and gas licences in the southern part of the in 2023.
country.
Industry and banking sources told Reuters LatAmOil: Ecuador lifts force majeure
last week that at least five Nigerian independents The government of Ecuador has lifted a declara-
have indicated that they will submit offers for tion of force majeure on exports of crude via the
Royal Dutch Shell’s 30% stake in SPDC before country’s two main pipeline systems.
the end of January. Energy Minister Juan Carlos Bermeo made
a formal announcement on Quito’s move to end
AsianOil: Bohai becomes top Chinese field force majeure on January 6, saying that the oil
The Bohai cluster offshore China has overtaken industry had taken sufficient action to mitigate
Daqing to become the country’s largest produc- the threat of soil erosion that led to a 20-day
ing oilfield. shutdown in December.
According to state news agency Xinhua, out-
put from Bohai hit 30.132mn tonnes (602,640 MEOG: INOC to take the reins
barrels per day) in 2021, edging out the onshore The country’s Ministry of Oil last week said that
Daqing, which produced 30mn tonnes (600,000 the recently re-established Iraqi National Oil
bpd) last year. Co. (INOC) would take control of ExxonMobil’s
stake in the West Qurna-1 oilfield.
EurOil: Groningen quota set to double Meanwhile, the Iraqi cabinet has approved
The Dutch government said on January 6 that it the framework agreement for the development
expected to increase the amount of gas permit- of a major cross-border pipeline that will trans-
ted to be produced at the Groningen field in the port oil from the oil-rich Basra province to the
current gas year to 7.6bn cubic metres, up from Jordanian Red Sea port of Aqaba.
a previous allowance of 3.9 bcm.
Groningen is the largest gas field in Europe NorthAmOil: Enterprise to buy Navitas
outside Russia, but the Netherlands has been Enterprise Products Partners announced this
steadily winding down its output following years week that it had agreed to acquire Navitas Mid-
of earthquakes caused by production activities. stream Partners from an affiliate of Warburg
Pincus for $3.25bn.
FSUOGM: Kazakhstan rolls back reforms The deal will expand Enterprise’s presence
Kazakhstan has reimposed fuel price caps fol- into the Permian Basin’s Midland sub-basin,
lowing its worst unrest since declaring inde- where the company does not currently have gas
pendence in the early 1990s to a bid to quell or natural gas liquids (NGLs) operations other
protests. than downstream pipelines.™

See the archive and sign up to
receive *NRG Editor’s Picks* for
free by email each week here

Week 02 13•January•2022 www. NEWSBASE .com P17