Page 15 - NorthAmOil Week 18 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global producer of natural gas, is looking to sell a
(NRG), in which the reader is invited to join minority stake in its LNG transshipment unit
our team of international editors, who provide a to France’s Total. Last week, the two companies
snapshot of some of the key issues affecting their signed a heads of agreement (HoA) that provides
regional beats. We hope you will like NRG’s new for Total to buy a 10% stake in Arctic Transship-
concise format, but by clicking on the headline link ment, a wholly owned subsidiary of Novatek.
for each section the full text will be available as
before. GLNG: AGL formally scraps Crib Point LNG
import project
AfrOil: Uganda to tender oilfield service Australia’s AGL Energy said this week that it was
contracts in December stopping development of its proposed Crib Point
Ugandan authorities are gearing up to seek con- LNG import project. The move is not a surprising
tractors for infrastructure projects that will sup- one, as it comes around a month after the State
port the country’s nascent oil industry later this of Victoria rejected the plan on concerns over its
year. A representative of the Petroleum Author- environmental impact.
ity of Uganda (PAU) said last week that Kampala
hoped to call the first set of tenders in December. LatAmOil: Guyana to adopt new model for
awarding oil contracts
AsianOil: PetroChina posts best quarterly Irfaan Ali, the president of Guyana, has
profit in seven years announced plans to introduce a new model for
State-run PetroChina has posted a first-quarter assigning oil blocks to investors. He explained
net profit of CNY27.72mn ($4.28bn), a return to that his administration was moving away from
the black after the previous year’s CNY16.23bn direct negotiations with international oil compa-
($2.51bn) loss. China’s largest oil and gas pro- nies (IOCs) and would instead conduct licensing
ducer said on April 29 that the result was its best rounds.
quarterly net profit in the past seven years.
MEOG: Basra in the crosshairs
DMEA: Northern Gulf refinery progress Iraq’s Oil Minister revealed this week that state-
Both Iran and Iraq announced progress on stra- owned Basra Oil Co. (BOC) is considering pick-
tegic refining projects this week, with the former ing up the 32.7% stake ExxonMobil is currently
closing in on completion of the gas refinery ded- looking to sell in the West Qurna-1 oilfield.
icated to Phase 14 of the supergiant South Pars Meanwhile, Basra Gas Co. (BGC) is also in line
field and the latter expecting the Karbala refinery for a major project boost with the Ministry of Oil
to be commissioned next year. (MoO) announcing plans to invest $3bn in the
company.
EurOil: Spirit, Neptune to partner on Pe-
gasus West NorthAmOil: Williston Basin assets chang-
Spirit Energy and Neptune Energy have agreed ing hands
to partner on the development of the Pegasus Oasis Petroleum announced this week that it
West discovery in the UK’s Southern North had agreed to acquire Diamondback Energy’s
Sea. This marks the end of a dispute between Williston Basin assets for $745mn. The news
the two companies over how the project should came days after Norway’s Equinor said it had
be developed. completed its own sale of Williston Basin assets
for $900mn.
FSU OGM: Total eyes stake in LNG trans-
shipment complexes See the archive and sign up to receive NRG Editor’s
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Week 18 06•May•2021 www. NEWSBASE .com P15