Page 16 - MEOG Week 06 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG IN this week’s NRG our editorial team begin (NPD) said on February 5.
by covering Africa, where Nigeria’s NNPC has
started to re-negotiate contract terms with the FSU OGM: Rosneft scores more tax breaks
Welcome to international majors in the country. In Asia Russia’s state oil producer Rosneft has signed
NewsBase’s Roundup the Chinese offshore giant CNOOC Ltd has an investment deal worth up to RUB46bn
Global (NRG), in which announced its intention to expand output by ($617mn) annually with the country’s natural
the reader is invited 3-5% this year as it brings diverse global fields on resources ministry, covering incentives at the
to join our team of stream. Meanwhile in Europe, Norway has made large but mature Priobskoye oilfield in Western
international editors, its first oil and gas discovery of 2021, near the Siberia.
who provide a snapshot Troll gas field in the North Sea. In Russia state- Output at the field peaked at 679,000 bpd in
of some of the key owned Rosneft has signed a $617mn deal with 2009 and has been declining ever since.
issues affecting their the natural resources ministry for investments at
regional beats. We hope the mature Priobskoye oilfield in Western Sibe- GLNG: Imports at PGNiG and Qatar FID
you will like NRG’s new ria. Elsewhere, Mexico’s presidential administra- Poland’s PGNiG said last week that its LNG
concise format, but by tion suffered a setback when the Supreme Court imports rose 10% in 2020 to reach 3.76bn cubic
clicking on the headline rejected the Secretariat of Energy’s (SENER) metres. This comes as the country continues
link for each section the proposed regulatory changes on competition to buy natural gas from Russia, but is trying to
full text will be available grounds. By contrast, a US court has temporarily diversify its sources of supply ahead of the expiry
as before. delayed the start of winter construction at Cono- of a contract with Russia’s Gazprom in 2022.
coPhillips’ Willow project in Alaska. “For several years we have been consistently
limiting the import of natural gas from Russia,”
AfrOil: NNPC begins re-negotiations said the president of PGNiG’s board, Paweł
Nigerian National Petroleum Corp. said last Majewski.
week that it has begun re-negotiating the terms
of its contracts with a number of international LatAmOil: AMLO’s policy considerations
oil companies (IOCs) to ensure that oil and gas Mexico’s presidential administration suffered
projects would continue to attract investment. a setback last week, when the Supreme Court
NNPC is said to be offering IOCs a choice rejected proposed regulatory changes put for-
between negotiating revisions now or accepting ward by the Secretariat of Energy (SENER).
terms applied once the Petroleum Industry Bill The court ruled against SENER on the
(PIB) is passed later this year. grounds that its plans for offering preferential
treatment to CFE, the national electricity pro-
AsianOil: CNOOC Ltd seeks output boost vider, would inhibit competition and complicate
State-run Chinese offshore developer CNOOC efforts to reduce emissions.
Ltd has announced plans to boost its oil and gas This decision has implications for the oil
production by 3-5% this year as it seeks to bring and gas sector, as it may lead President Andres
on stream several new fields both at home and Manuel Lopez Obrador to amend Mexico’s con-
abroad. stitution in order to ensure that state-run enti-
The listed arm of state-owned China National ties such as CFE and the national oil company
Offshore Oil Corp. (CNOOC) aims to produce (NOC) Pemex play the leading role in the energy
545-555mn barrels of oil equivalent in 2021, up industry.
from a projected 528mn boe in 2020.
NorthAmOil: ConocoPhillips in hot water
DMEA: Ethiopia to improve distribution This week, a court has temporarily delayed the
Ethiopia launched construction on February 1 start of winter construction at ConocoPhillips’
of a Chinese-backed railway project expected to Willow project in Alaska. US District Judge Sha-
improve fuel distribution across the country. ron Gleason said in a decision on February 6 that
The railway will run from Djibouti, where she would temporarily prevent ConocoPhillips
fuel is imported, to the central Ethiopian town from opening a gravel mine or building a gravel
of Awash. The project’s contractor, China Civil road at the Willow site. This came after conser-
Engineering Construction Corp. (CCECC), is vation groups appealed against her February 1
set to finish construction in nine to 12 months. decision allowing the work to go ahead.
Gleason’s latest decision said a “brief and
EurOil: Norway hails first 2021 find limited” injunction to prevent the work was
Norway has hailed its first oil and gas discovery warranted. It will be in place until February 20,
of 2021, near the Troll gas field in the North Sea. or until the Ninth Circuit Court rules on the
The Rover North find was made by state- request, she added. However, Gleason said in her
owned Equinor and its partners DNO, Welles- ruling that the court “remains confident” in the
ley Petroleum and Petoro at production licence original decision to allow the work to proceed,
(PL) 923, the Norwegian Petroleum Directorate though the Ninth Circuit Court may disagree.™

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