Page 17 - LatAmOil Week 16 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the end of the decade.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSU OGM: Russia overhauls refineries
snapshot of some of the key issues affecting their Russia’s energy ministry has entered into invest-
regional beats. We hope you will like NRG’s new ment deals with 14 refineries worth RUB800bn
concise format, but by clicking on the headline ($10.5bn) for the construction of new processing
link for each section the full text will be available units. The investments will be spent building 30
as before. units, the commissioning of which will lead to a
growth in Russian Euro-5 standard gasoline sup-
AfrOil: Nigeria adds tax and royalty cuts to ply by over 3.6mn tonnes per year, and Euro-5
PIB standard diesel by 25mn tpy.
Nigeria’s government has reportedly agreed to
revise provisions of the Petroleum Industry Bill GLNG: NextDecade moves ahead with
(PIB), the oil and gas law now under discus- clean LNG plans
sion in the National Assembly. Sources closely It has been another busy week for US-based
involved with the legislation told Reuters last LNG developer NextDecade, which is trying to
week that Abuja had acceded to requests from position its proposed Rio Grande liquefaction
international oil and gas companies (IOCs) for project at Texas’ Port of Brownsville as one of
reductions in royalty and tax rates. the most environmentally friendly facilities of
its kind. The company has announced two sep-
AsianOil: Exxon starts new Australian field arate partnerships in recent days that are geared
US super-major ExxonMobil has started pro- towards bolstering Rio Grande LNG’s green
ducing natural gas from a new project offshore credentials.
eastern Australia. ExxonMobil’s local unit, Esso
Australia, said on April 20 the Gippsland Basin MEOG: Iran’s quake and Iraq’s Western
Joint Venture (GBJV) – a 50:50 venture includ- Qurna-1
ing BHP Billiton – had commissioned the West A major earthquake disrupted oil operations in
Barracouta project off the coast of Victoria. southern Iran this week, while across the border,
Iraq is seeking a new lead developer for West
DMEA: No permit for Tema and Egypt goes Qurna-1 as it shops ExxonMobil’s stake. The
green earthquake caused damage to an important oil
Environmental concerns were at the heart of facility over the weekend, with state TV saying
the downstream headlines in MEA this week that production had been disrupted. Iraq’s Min-
with Ghana’s Environmental Protection Agency istry of Oil (MoO) said over the weekend that it is
(EPA) saying that a proposed new refinery is holding discussions with US firms on the 32.7%
unlikely to be given a permit, while Egypt is stake in the West Qurna-1 (WQ-1) oilfield cur-
planning to establish a bioethanol plant. rently held by super-major ExxonMobil.

EurOil: UK CCS plans take shape NorthAmOil: Permian Basin developments
Clean energy developer Storegga has brought on make headlines
board Royal Dutch Shell and Harbour Energy Various developments have emerged from the
as equal-equity partners at its Acorn carbon, prolific Permian Basin in recent days, illustrat-
capture and storage (CCS) project in Aberdeen- ing the region’s ongoing dominance of the US oil
shire. The group expect to launch the project and gas industry. Most notably, BP was reported
in the mid-2020s, with its annual CO2 storage to be planning to phase out routine flaring of
capability reaching 5mn tonnes per year (tpy) by associated natural gas in the basin by 2025. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 16 22•April•2021 www. NEWSBASE .com P17