Page 17 - FSUOGM Week 10 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Momentum behind carbon-neutral
(NRG), in which the reader is invited to join LNG
our team of international editors, who provide a Carbon-neutral LNG is increasingly gaining
snapshot of some of the key issues affecting their momentum as more industry players commit
regional beats. We hope you will like NRG's new to the concept, or put themselves on a path
concise format, but by clicking on the headline towards it.
link for each section the full text will be available This week, Tokyo Gas announced that it had
as before. joined 14 other Japanese companies in forming
the Carbon Neutral LNG Buyers Alliance in an
AfrOil: Nigerian LNG in focus effort to promote the more widespread use of
Two LNG projects are in focus in Nigeria this the greener version of the fuel.
week. On the one hand, ExxonMobil (US) and
Nigerian National Petroleum Corp. (NNPC) LatAmOil: Activity offshore Guyana
have awarded UTM, a local infrastructure firm, Activity levels in Guyana’s offshore zone have
a contract for the installation of a floating LNG remained high over the last week. Canada’s
(FLNG) unit at the Yoho oilfield. The vessel may CGX Energy has confirmed plans to move
eventually be able to produce one or two stand- ahead with the drilling of two exploration
ard-size LNG cargoes per month. wells at the Corentyne and Demerara blocks
offshore Guyana, while ExxonMobil (US) is
AsianOil: China Gas, Sinopec forge deeper preparing for the return of a faulty compressor
ties unit to the Liza Destiny, the floating produc-
Natural gas distributor China Gas has agreed to tion, storage and off-loading (FPSO) vessel it
forge a closer working relationship with state- has installed at the Liza-1 oilfield within the
owned Sinopec Group in the natural gas import Stabroek block.
and distribution segments.
The privately owned infrastructure operator said MEOG: Conduits in the crosshairs
on March 4 that the two had signed a strategic Over the past week, headlines in the Middle East
co-operation framework agreement that would have been dominated by the Saudi-led decision
mainly focus on natural gas, liquefied natural gas by OPEC+ to maintain production cuts largely
(LNG) and liquid petroleum gas (LPG). as they are during April and attacks that have
brought into focus once more the influence of
DMEA: Duqm progress and condensate op- geopolitics on oil supplies.
timism While Iraq’s oil minister predicted the lack of
Oman is continuing to push forward progress in action on the part of OPEC+ during the March
the developing its Duqm refinery, despite having meeting, most of the industry was caught off-
halted engineering work on the integrated petro- guard when it announced that only 150,000 bar-
chemical facility late last year. The 230,000 barrel rels per day (bpd) would return to the market in
per day (bpd) refinery is now expected to com- April, with the increase to be shared by Russia
mence operations late this year or early 2022, and Kazakhstan.
and this week a supply conduit was completed to
connect the facility with gas processing facilities. NorthAmOil: Chevron to acquire remainder
of Noble Midstream
Euroil: Fluxys joins German LNG efforts Chevron has struck an agreement to acquire all
Belgium’s Fluxys has signed up to be an the outstanding shares of Noble Midstream Part-
“industrial partner” at the planned Stade ners that it does not already own.
LNG import terminal in Northern Ger- The super-major already owns a nearly 63% See the archive and
many, taking the ambitious project a step majority stake in Noble Midstream, which it sign up to receive
closer towards realisation. acquired when it took over its parent company, *NRG Editor’s Picks*
Stade LNG is the biggest of several LNG Noble Energy, in a deal worth $4.1bn last year. for free by email each
import schemes in Germany, which already Under the new all-stock deal, Noble Midstream’s week here
has access to a diversified mix of gas sup- shareholders will receive 0.1393 of a Chev-
plies but is looking to strengthen its posi- ron share for each Noble Midstream unit they
tion as a hub for central Europe. own.™

Week 10 10•March•2021 www. NEWSBASE .com P17