Page 14 - NorthAmOil Week 30 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global expires at the end of 2024, Kremlin spokesman
(NRG), in which the reader is invited to join Dmitry Peskov told reporters on July 22. Peskov
our team of international editors, who provide a was responding to a joint statement issued by
snapshot of some of the key issues affecting their Germany and the US on July 21, in which they
regional beats. We hope you will like NRG’s new declared they would let Nord Stream 2 go ahead
concise format, but by clicking on the headline link but would punish Russia if it tried to use the
for each section the full text will be available as pipeline as a weapon.
before.
GLNG: Port Arthur LNG plans suffer anoth-
AfrOil: Cameroon to send more gas to er blow
FLNG US-based Sempra Energy announced this week
Perenco (UK/France) and Société Nationale des that it had signed a memorandum of under-
Hydrocarbures (SNH), the national oil company standing with Poland’s PGNiG for the potential
of Cameroon, have arranged to increase the purchase of around 2mn tonnes per year of LNG.
total volume of natural gas delivered to the Hilli The preliminary deal spells bad news for Sem-
Episeyo, a floating LNG (FLNG) vessel owned pra’s proposed Port Arthur LNG export project
by Bermuda-registered Golar LNG. According in Texas.
to Golar LNG, the parties have struck a deal that
provides for Perenco and SNH to deliver enough LatAmOil: US legislators urge Biden to ex-
additional gas to boost the FLNG’s production amine Mexican energy policy
capacity to 1.4mn tonnes per year in 2022. Twenty US senators and representatives,
including members of both the Democratic
AsianOil: India approves two new SPR and Republican parties, have urged President
sites Joe Biden to take a closer look at the Mexican
The Indian government has approved plans to government’s energy policy in light of the chal-
build two underground crude oil storage facili- lenges faced by US oil, gas and power companies
ties that will expand the country’s strategic petro- working in Mexico. In the letter, the legislators
leum reserve (SPR) capacity by 6.5mn tonnes. voiced serious concerns about the measures that
The central government allocated INR2.1bn the administration of Mexican President Andres
($28.18mn) in fiscal year 2020-2021 to acquire Manuel Lopez Obrador has taken to insulate
the land needed for a 4mn tonne (43.98mn bar- state-run organisations from competition.
rel) facility in Odisha State and a 2.5mn tonne
(18.3mn barrel) facility in Karnataka State, Min- MEOG: Deals and details
ister for Petroleum and Natural Gas Rameswar MEOG this week looks at the approval by the
Teli told the Lower House on July 26. Iraqi Cabinet of a broad energy sector deal that
finally signals some good news in relation to
DMEA: Pipe freeze and sanctions scrutiny IOCs for Baghdad, while details have emerged
This week’s DMEA covers the freezing of a con- about the remaining capacity increases at Iran’s
troversial pipeline deal, while revelations have new oil pipeline. The deal between Iraq’s Min-
been made about the company at the heart of istry of Oil and TotalEnergies’ deal will see the
Iran’s ongoing oil trade. Israel’s Ministry of Envi- French company carry out work on projects in
ronmental Protection this week announced that oil, gas and renewables. Meanwhile, outgoing
it was delaying the development of an oil trans- Iranian Minister of Petroleum Bijan Zanganeh
mission project that will pipe Emirati oil from said last week that the country’s new Goreh-Jask
the Red Sea directly to the Mediterranean. pipeline will reach full design capacity of 1mn
barrels per day by the end of the current Iranian
EurOil: Norway enjoys good year calendar year in March 2022.
Activity on the Norwegian Continental Shelf
has been high this month, supported by a rally NorthAmOil: Shell announces Whale FID
in oil and gas prices, the Norwegian Petroleum A Royal Dutch Shell subsidiary announced this
Directorate reported on July 7. Eight discoveries week that it had made a final investment deci-
were made during the six-month period, with a sion (FID) on the Whale project in the US Gulf
combined mid-range resource estimate of more of Mexico.
than 400mn barrels of oil equivalent. Shell Offshore said Whale would entail 99%
replication of the hull and 80% replication of the
FSUOGM: Russia open to post-Ukraine topsides from the company’s Vito project.
transit
Russia is open to continuing natural gas transits See the archive and sign up to receive NRG Editor’s
via Ukraine after its current contract with Kyiv Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 30 29•July•2021