Page 15 - FSUOGM Week 01 2021

FSUOGM NEWSBASE’S ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global Fit for 55 package that includes changes to the
(NRG), in which the reader is invited to join emissions trading system, the introduction of a
our team of international editors, who provide cross-border carbon tax and almost countless
a snapshot of some of the key issues affecting other regulatory tweaks to help decarbonise the
their regional beats. We hope you will like bloc’s economy.
NRG’s new concise format, but by clicking on
the headline link for each section the full text GLNG: Venture Global Strikes Supply Deal
will be available as before. With CNOOC
The US’ Venture Global LNG announced in late
AfrOil: No Deadline For Sonangol IPO Yet December that it had struck a deal to supply LNG
Angola’s government is gearing up for the partial to a subsidiary of China National Offshore Oil
privatisation of the national oil company (NOC) Corp. (CNOOC).
Sonangol but has not yet set a target date, accord- This marks the first LNG supply agreement signed
ing to Edson Pongolola, the director of the firm’s between CNOOC and a US exporter of the fuel.
planning and control department.
Speaking in late December, Pongolola con- LatAmOil: Argentina Greenlights Offshore
firmed that Luanda was still preparing to unload Seismic Work
30% of the NOC’s equity through an initial pub- Argentina’s government has given YPF, the
lic offering (IPO) of stock and might begin the national oil company (NOC), and its partners a
process before the end of 2022, in line with pre- green light to proceed with seismic work at three
vious statements. offshore blocks in the South Atlantic.
Energy Secretary Dario Martinez revealed on
AsianOil: Prelude FLNG Shutdown Extend- January 3 that Buenos Aires had approved the
ed By Regulator’s Order companies’ environmental impact statements
Australia’s National Offshore Petroleum Safety for the CAN 100, CAN 108 and CAN 114 licence
and Environmental Management Authority areas.
(NOPSEMA) has ordered Royal Dutch Shell
not to return its Prelude floating LNG (FLNG) MEOG: Iraqi Drilling And Saudi Contracts
facility to service until the company can prove In this week’s MEOG, we look at Iraq’s contin-
that it can keep the vessel properly powered and ued drilling efforts and major awards for Saudi
that safety systems are operational. oilfield work.
The order comes in response to Shell’s move to The state-owned Iraqi Drilling Co. (IDC) has
take Prelude offline earlier in December after the maintained momentum from 2021 into the
facility, located offshore Western Australia, lost New Year, completing work on a well in the
power following a fire. north of the country and kicking off a new well
in the south-east. The drilling push comes as
DMEA: NNPC Deals With Refinery Fire Baghdad seeks to achieve a 3mn barrel per day
In DMEA this week, we cover a refinery fire in oil production increase to 8mn bpd by 2027.
Nigeria and the award of a major engineering
contract to expand liquefaction capabilities in NorthAmOil: Biden Administration Ap-
Qatar. proves Additional SPR Release To Exxon-
The Nigeria National Petroleum Corp. Mobil
(NNPC) said this week that it had extinguished The US Department of Energy (DoE) announced
a fire that had broken out at its Port Harcourt on December 30 that it had approved a third
Refining Complex (PRHC) on January 1 with- exchange of crude from the country’s Stra-
out any extensive damage to the facility. tegic Petroleum Reserve (SPR) for release to
ExxonMobil.
EurOil: A Year Of Regulatory Reform The release is part of US President Joe Biden’s
The EU is preparing a series of sweeping regu- strategy to help ease oil supply challenges and
latory reforms this year in order to align its laws lower gasoline prices.
with its climate ambitious, and many of these
changes will have a significant impact on the oil See the archive and sign up to receive NRG
and gas industry. Editor’s Picks for free by email each week
The European Commission has published its here.™

Week 01 05•January•2022 www. NEWSBASE .com P15