Page 17 - LatAmOil Week 18 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

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

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Week 18 06•May•2021 www. NEWSBASE .com P17