Page 17 - MEOG Week 17 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global discovery on their own, after reporting that their
(NRG), in which the reader is invited to join third farm-out deal had collapsed.
our team of international editors, who provide a The pair had hoped to farm out a 50% inter-
snapshot of some of the key issues affecting their est in the offshore Barryroe oil and gas field in
regional beats. We hope you will like NRG’s new the Atlantic Ocean to Norway’s SpotOn Energy,
concise format, but by clicking on the headline under an agreement reached in December.
link for each section the full text will be available
as before. FSUOGM: More Achimov gas on stream
Russia’s Gazprom and Germany’s Wintershall
AfrOil: Force majeure at Mozambique LNG Dea have kicked off gas production at Block 5A
France’s Total has issued a declaration of force of the Achimov layer of the giant Urengoy gas
majeure on the Mozambique LNG project, citing field in Western Siberia.
unfavourable security conditions in Cabo Del- Both gas and condensate are now flowing
gado, Mozambique’s northernmost province. from the site, which is undergoing commission-
In a statement published earlier this week, ing, Gazprom announced on April 21.
the company confirmed that it had withdrawn
all project personnel from the construction site GLNG: Philippines LNG-to-power approval
where it is building an onshore complex and The government of the Philippines has approved
LNG plant. Vires Energy’s proposed LNG-to-power project
in Batangas province.
AsianOil: Eni starts up Indonesia’s Merakes The Philippine Department of Energy (DoE)
Italian major Eni has started producing natural issued a “notice to proceed” (NTP) on April 22,
gas from its deepwater Merakes project in the which it said is the first step for a company seek-
East Sepinggan block offshore Indonesia. ing to build an LNG terminal or other down-
The company said on April 26 that the pro- stream gas project.
ject had a guaranteed production capacity of
450mn cubic feet (12.74mn cubic metres) per LatAmOil: YPFB revenues to rise
day thanks to its five subsea wells. Wilson Zelaya, the CEO of Bolivia’s Yacimientos
Petrolíferos Fiscales Bolivianos (YPFB), has said
DMEA: NNPC’s woes and Durban terminal that conditions are improving in his country’s
In Nigeria this week, NNPC released data show- hydrocarbon sector.
ing that its refineries have been shut in for 19 Speaking during the 2021 Initial Pub-
consecutive months, while South Africa’s old- lic Accountability Hearing last week, Zelaya
est refinery is to be converted into a fuel import reported that YPFB was on track to see crude oil
terminal. Between July 2019 and January 2021, and natural gas revenues rise above $1.9bn this
NNPC’s four facilities had a utilisation rate of year, up by 35% on the 2020 figure.
0%, costing the company more than $460mn. In
South Africa, the 120,000 bpd Durban oil refin- NorthAmOil: SLB predicts quick recovery
ery is to be converted into an import terminal US oilfield services giant Schlumberger has
following years of losses and a fire in December. revised its projections for the pace of the oil and
gas industry’s recovery.
EurOil: 3rd Barryroe farm-out falls through Schlumberger’s CEO, Olivier Le Peuch, said
Irish juniors Providence Resources and Lans- on the company’s earnings call last week that oil
downe Oil & Gas have said they will proceed demand would reach pre-pandemic levels by the
with the development of Ireland’s largest oil end of 2022.™

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