Page 18 - EurOil Week 27 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Crown LNG Picks Aker For Indian
(NRG), in which the reader is invited to join Project
our team of international editors, who provide a Norway’s Crown LNG has picked compatriot
snapshot of some of the key issues affecting their Aker Solutions to serve as main contractor
regional beats. We hope you will like NRG's new in the development of a liquefied natural gas
concise format, but by clicking on the headline (LNG) terminal offshore India’s south-eastern
link for each section the full text will be available state of Andhra Pradesh.
as before. Crown said on July 5 that Aker Solutions
would first conduct the front-end engineer-
AfrOil: Nigeria Passes PIB At Long Last ing and design (FEED) for the 7.2mn tonne
Both houses of Nigeria’s National Assembly per year (tpy) LNG terminal, which will be
voted on July 1 to pass the Petroleum Industry located around 11 km offshore Kakinda City,
Bill (PIB), which will serve as the country’s new before taking on the role as the project’s engi-
oil and gas law. The legislation will now be sent to neering, procurement, construction, installa-
President Muhammadu Buhari, who is expected tion and commissioning (EPCIC) contractor
to sign it into law in the near future. The passage once a final investment decision (FID) has
of the PIB marks the successful conclusion of a been made.
long and arduous campaign to reform the legal
regime governing oil and gas operations. LatAmOil: ExxonMobil Drills Dry Hole At Ja-
billo-1
AsianOil: Sacgasco Expands Into Philip- ExxonMobil (US) has experienced a disap-
pine Upstream pointment at Canje, a deepwater block off-
Australian junior Sacgasco has expanded its shore Guyana, as it did not find commercial
upstream portfolio after acquiring interests in quantities of hydrocarbons in the Jabillo-1
four licences offshore the Philippines from Thai well.
energy conglomerate Bangchak. According to Canada’s Eco (Atlantic) Oil
Sacgasco said on July 5 that it had paid $1 & Gas, an indirect shareholder in the pro-
for BCP Energy International (BCPEI), which ject, the exploration well was able to test
wholly owns Nido Petroleum. Nido operates the designated target layers – namely Upper
service contracts (SC) 54A with 42.4% and SC Cretaceous reservoirs in a stratigraphic trap.
58 with 50%, and also owns 22.88% of SC 14C2 However, the company said in a statement,
and 2.7% of SC 6B. Jabillo-1 “did not show evidence of commer-
cial hydrocarbons.” As such, it will be plugged
DMEA: Pipeline Promise In Africa and abandoned.
This week’s DMEA looks at a proposal for a
major new pipeline to increase energy security MEOG: Omani Sale And Iraqi Exits
in Zimbabwe and the securing of crude feed- This week’s MEOG looks at the proposed
stock for a new refinery. UK-registered Coven sale of the drilling arm of Oman’s state oil
Energy has proposed the construction of a firm and more majors heading for the door
$850mn fuel pipeline to provide greater energy in Iraq.
security to Zimbabwe, which is heavily reliant Omani NOC OQ is reported to be con-
on the Beira-Feruka link. sidering the sale of its Abraj Energy Services
drilling unit as part of efforts to aid the Sul-
FSUOGM: Gazprom Sends Record Vol- tanate’s economic recovery from the corona-
umes To Europe virus (COVID-19) pandemic.
Norway’s Equinor has at long last commis-
sioned the Martin Linge gas field, a trou- NorthAmOil: EQT Aims For Net Zero By
bled project that is arriving five years behind 2025
schedule and at double its original cost. Pittsburgh-based EQT, an independent nat-
Equinor announced the launch on June ural gas producer and pipeline operator,
30, estimating that the North Sea field would intends to bring its net carbon emissions
flow 115,000 barrels of oil equivalent per day down to zero in just four years. See the archive and
(boepd). Some 260mn boe will be recovered The company unveiled its net-zero agenda sign up to receive
in total during its lifetime. last week, saying in a statement covering its *NRG Editor’s Picks*
Linge was originally led by Total, now 2020 ESG report that it had “announced tar- for free by email each
known as TotalEnergies. The French major gets to achieve net-zero Scope 1 and 2 green- week here
had sought to bring it into production in house gas (GHG) emissions in its production
2016, and there were a number of reasons segment operations by or before 2025.” This
for the subsequent delays. First there was the plan is in line with EQT’s effort to “continu-
geological complexity of the high-pressure, ously improve the way it produces environ-
high-temperature field, which led to TotalEn- mentally responsible, reliable and low-cost
ergies encountering unexpected difficulties. energy,” it declared.

P18 www. NEWSBASE .com Week 27 08•July•2021