Page 16 - LatAmOil Week 21 2021

LatAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Gazprom starts on Baltic gas
(NRG), in which the reader is invited to join complex
our team of international editors, who provide a Russia’s Gazprom has formally started con-
snapshot of some of the key issues affecting their struction on a major gas processing and LNG
regional beats. We hope you will like NRG’s new complex at the Baltic Sea port of Ust-Luga. The
concise format, but by clicking on the headline link project, a joint venture between Gazprom and
for each section the full text will be available as a private Russian partner RusGazDobycha, is
before. poised to become Russia’s largest gas processing
facility and one of the world’s largest in terms of
AfrOil: Major tie-up in Angola production volumes.
This week’s AfrOil looks at a strategic tie-up
between BP and Eni in Angola, while an indus- GLNG: Predator prepares Moroccan FSRU
try veteran gives his take on the short-term bid
future of African E&P. Majors BP and Eni last UK-based Predator Oil & Gas has said in an
week announced plans to combine their oil and update that it is preparing to submit a bid to build
gas interests in Angola through a joint venture and operate a floating storage and regasifica-
that would become one of the continent’s largest tion unit (FSRU) to import LNG into Morocco.
producers. The company’s Predator Gas Ventures Morocco
Meanwhile, Eskil Jersing, business devel- Branch (PGVMB) subsidiary is preparing to sub-
opment advisor at Eburon Resources, said that mit the bid in response to a call for expressions of
“continued project delays are likely to limit pro- interest issued by the Moroccan government, with
duction increases and lead to the lowest reserve a deadline of May 31, 2021.
additions since the early 1980s and around 50%
lower than in 2015”. LatAmOil: Enbridge-led group bids for Bra-
zilian pipeline
AsianOil: India’s gas production climbs in A consortium led by Canada’s Enbridge has
April, while oil output slides reportedly submitted a bid for Brazil’s largest
India recorded a significant jump in its natural natural gas import pipeline. Citing three sources
gas production in April, even as its crude oil out- familiar with the matter, Reuters reported last
put continued to slide. The country produced week that the non-binding offer had been put in
2.65bn cubic metres of gas last month, up 22.7% by a group of companies that also includes Bel-
from the 2.16 bcm produced in April 2020, the gium’s Fluxys and US-based private equity firm
Indian Ministry of Petroleum and Natural Gas EIG Global Energy Partners.
revealed on May 21.
MEOG: Iran readies new terminal
DMEA: Tender for Nigerian maintenance This week’s MEOG looks at the effective com-
This week’s DMEA covers a long-awaited ten- pletion of Iran’s new Jask Oil Terminal and
der for refinery maintenance in Nigeria and a Abu Dhabi’s development of a world-scale blue
contract award to an American firm for flare ammonia plant. Following last week’s comple-
gas recovery in Egypt. The Nigerian National tion of phase one of the Goreh-Jask oil pipeline,
Petroleum Corp. (NNPC) launched a tender Iran’s new oil terminal on the Sea of Oman is
for a contract for operations and maintenance now 98% complete and is ready to begin receiv-
(O&M) services at the country’s four state- ing, transferring and exporting crude.
owned refineries.
NorthAmOil: Cimarex, Cabot announce
EurOil: US concedes on Nord Stream 2 surprise merger
The US has confirmed it will not impose sanc- US shale players Cabot Oil & Gas and Cimarex
tions on the Russian company developing the Energy have announced a merger of equals val-
Nord Stream 2 pipeline – a decision that has ued at roughly $7.4bn. The all-stock transaction
been welcomed by both Germany and Russia. will create a company with an enterprise value of
The US government has instead said it will around $17bn, to be named at a later date.
maintain its sanctions on the Russian pipelay-
ing vessels that are building the pipeline, which See the archive and sign up to receive NRG Editor’s
is now more than 95% complete. Picks for free by email each week here.™

P16 www. NEWSBASE .com Week 21 27•May•2021