Page 18 - LatAmOil Week 08 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global TechnipFMC announced the split in mid-
(NRG), in which the reader is invited to join 2019, two years after the company’s creation
our team of international editors, who provide a through the merger between France-based
snapshot of some of the key issues affecting their Technip and US-based FMC Technologies. But
regional beats. We hope you will like NRG’s new it put the process on hold after the coronavirus
concise format, but by clicking on the headline (COVID-19) pandemic struck.
link for each section the full text will be available
as before. FSU OGM: Lukoil eyes mid-Caspian field
Russian oil firm Lukoil has expressed interest in
AfrOil: Angolan MPs vote on refinery developing the Dostluk oil and gas field in the
The government of Angola has announced plans Caspian Sea, Turkmen state media has reported.
to reduce the country’s dependence on imported For years Dostluk, formerly known as Kapaz
petroleum products. To this end, legislators have by Azerbaijan and Serdar by Turkmenistan, was
authorised President João Lourenço to offer contested by the two Caspian countries. But the
special incentives for the construction of the pair signed a memorandum of understanding
Cabinda refinery. (MoU) in late January on joint exploration.
MPs also voted last week to lift a ban on oil
and gas exploration in two environmentally sen- GLNG: Pair of Qatari deals
sitive onshore basins, Kassanje and Okavango. Two separate LNG-related deals have been
announced this week, involving Qatargas and
AsianOil: CNOOC Ltd’s Bohai Bay find its parent company, Qatar Petroleum (QP).
State-run Chinese offshore developer CNOOC Italy’s Saipem said it had received a contract
Ltd announced on February 22 that it had made worth around $1.7bn from Qatargas for engi-
a significant shallow-water oil and gas discovery neering, procurement, construction and instal-
in the Bohai Bay. lation (EPCI) of various offshore facilities at
The discovery in the Bozhong 13-2 structure, Qatar’s North Field.
which CNOOC Ltd described as “large-sized”
without providing a resource estimate, is located MEOG: Price rally sees improved sentiment
in the bay’s south-western Ring of Bozhong Sag, The ongoing oil price rebound has seen sen-
in around 23 metres of water. timent throughout the Middle East improve
ahead of the upcoming OPEC+ meeting
DMEA: Downstream dealing picks up This event is expected to feature a change of
Having spent years talking about its plans to tack from Saudi Arabia as the Kingdom consid-
overhaul the country’s four state-owned refin- ers reversing its decision to cut output.
eries, Nigeria’s NNPC last week finally secured
funding for a major rehabilitation project focus- NorthAmOil: Profits for TC Energy
ing on the largest unit. Canada’s TC Energy has reported a net profit
The Port Harcourt maintenance project is attributable to common shares of CAD1.124bn
now expected to kick off during Q1 and will look ($890mn) for the fourth quarter of 2020, up
to return the 210,000 barrel per day (bpd) refin- from CAD1.108bn ($878mn) year on year.
ery to 90% capacity. While the company expressed its disappoint-
ment with US President Joe Biden’s decision to
EurOil: TechnipFMC does the splits cancel the permit of the Keystone XL pipeline
France’s TechnipFMC has wrapped up the sepa- project, TC Energy’s CEO, François Poirier,
ration of its engineering and construction oper- noted that it had a “large and diversified” asset
ations from its services and technology activities. base. ™

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P18 www. NEWSBASE .com Week 08 25•February•2021