Page 14 - NorthAm Week 25 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Gazprom reveals Chinese gas
(NRG), in which the reader is invited to join supply details
our team of international editors, who provide a Russia’s Gazprom has for the first time publicly
snapshot of some of the key issues affecting their disclosed how much it is earning from natural
regional beats. We hope you will like NRG’s new gas supplies to China via the Power of Siberia
concise format, but by clicking on the headline link pipeline. In an investor presentation on June 17,
for each section the full text will be available as Gazprom’s deputy chairman Famil Sadigov said
before. the company had delivered 4.1bn cubic metres
of gas to China in 2020 and earned RUB44.3bn
AfrOil: Eni still aims to launch Coral South ($608mn) from those sales.
LNG in 2022
Italy’s Eni is on track to launch the Coral South GLNG: Skikda LNG plant forced to shut on
LNG project offshore Mozambique next year, technical issue
despite the violence and civil unrest that has Algeria’s state-owned Sonatrach reported at the
slowed down TotalEnergies’ plans for devel- weekend that it had taken the Skikda LNG plant
opment of a nearby field. A spokesperson for offline on June 11. In a statement, Sonatrach
the Italian major said earlier this week that attributed the shutdown to technical problems.
Eni aimed to begin extracting and process- “A technical issue occurred on June 11 at the
ing gas from the Coral section of the offshore Skikda LNG complex and led to the shutdown
block known as Area 4 in 2022, as previously of this complex,” it said.
anticipated.
LatAmOil: Staatsolie awards shallow-water
AsianOil: Sarawak awards onshore project blocks to three IOCs
to Petra Energy, Uzma Suriname’s national oil company (NOC) Staat-
Sarawak state-owned Petroleum Sarawak solie has concluded the Shallow Offshore Bid
(Petros) has awarded the development con- Round by awarding three shallow-water off-
tract for onshore Block SK433 to Malaysian shore blocks to Chevron (US) and a consor-
independents Petra Energy Development and tium set up by TotalEnergies (France) and
Uzma Engineering. Petros issued a letter of Qatar Petroleum. Staatsolie named Chevron
conditional award for the block on June 15, and the consortium as the winning bidders in
Uzma said on June 18, adding that its part- the licensing round on June 18.
ner would operate the licence for the joint
venture. MEOG: Qurna expansion and Asian finance
This week’s MEOG looks at Iraq’s plans to
DMEA: Fuel subsidies and plastics expand production from its supergiant West
In DMEA this week, we look at the IMF’s con- Qurna-1 (WQ-1) oilfield, while South Korea has
cerns about the resurgence of fuel subsidies stumped up credit for oil projects in Abu Dhabi
in Nigeria as plastics manufacturers await involving Korean firms. Iraq’s Ministry of Oil
improved feedstock availability. The Interna- (MoO) announced that state-owned Basra Oil
tional Monetary Fund (IMF) this week voiced its Co. (BOC) had signed a contract with incum-
concern about the increasing implementation of bent US operator ExxonMobil and services firm
fuel subsidies in Nigeria despite Abuja claiming Schlumberger to drill 96 wells to allow for an
to have ended their use. increase in output capabilities from the current
500,000 barrels per day to 700,000 bpd.
EurOil: the hydrogen storage challenge
The EU has embraced hydrogen as a key tool NorthAmOil: Hurricane season disruption
for decarbonising heavy industry and other begins
sectors, but a new report suggests that devel- Some disruption to oil and gas operations in
oping enough storage capacity for the fuel the US Gulf of Mexico was seen last week, as a
could be a significant hurdle. Even if all exist- weather disturbance that later became Tropical
ing natural gas storage capacity across the 21 Storm Claudette threatened the region. Chevron
countries included in the report was repur- and Occidental Petroleum both said on June 17
posed for hydrogen, Europe would still fall that they were implementing storm precautions
“far short” of the capacity it needs for antic- at their offshore facilities.
ipated hydrogen demand in the future, the
report by Gas Infrastructure Europe (GIE) See the archive and sign up to receive NRG Editor’s
concludes. Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 25 24•June•2021