Page 18 - AfrOil Week 23 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global June 3-5, with the event resulting in a raft of deals
(NRG), in which the reader is invited to join between Russian and foreigncompanies aimed at
our team of international editors, who provide a tackling emissions. Russia has promoted SPIEF
snapshot of some of the key issues affecting their as the “largest post-pandemic meeting,” estimat-
regional beats. We hope you will like NRG’s new ing that 5,000 delegates would attend.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Excelerate FSRU comes online
as before. offshore Argentina
Excelerate Energy announced last week that its
AsianOil: Japanese Developers to Boost Oil, Exemplar floating storage and regasification
Gas Production with CCS unit had started operations offshore the Argen-
Japanese developers are studying the use of car- tine port of Bahia Blanca. This brings Argenti-
bon capture and storage technology in domes- na’s LNG import facilities to two, with another
tic upstream projects. Inpex has teamed up Excelerate FSRU already stationed at Escobar
with state-affiliated Japan Oil, Gas and Metals since 2011.
National Corp. (JOGMEC) to implement a car-
bon dioxide (CO2) enhanced oil recovery pilot LatAmOil: USTDA grant used to fund
test at the Minami-aga oilfield in Niigata Prefec- LNG-to-power study
ture, they revealed in a joint statement on June 4. US-based Black & Veatch will conduct a feasibil-
ity study of the Andes Energy Terminal (AET)
DMEA: Egyptian petchems, Nigerian urea project, an LNG-to-power scheme that will serve
Egyptian Prime Minister Mostafa Madbouly this central and south-western Colombia. The costs
week attended a ground-breaking ceremony for of the study will be covered by a grant from the
the start of construction on a new $7.5bn pet- US Trade and Development Agency (TDA).
rochemical facility in the Suez Canal Economic
Zone in Ain Sokhna. Meanwhile, Dangote’s pres- MEOG: Aramco bond and Turkish gas
ident said that the company’s urea plant nnear State-owned Saudi Aramco hired a group of
Lagos, which will have a capacity of 3mn tpy in banks to advise on and arrange its first US dol-
its first phase, is the largest project in the global lar-denominated sukuk, with Reuters reporting
fertiliser sector. that a target of $5bn has been set. Meanwhile,
Turkish President Recep Tayyip Erdogan
EurOil: Baltic Pipe setbacks announced that Turkish Petroleum (TPAO) had
Denmark’s Environmental and Food Appeals struck gas with its Amasra-1 exploration well,
Board has repealed the permit for the onshore adding 135bn cubic metres of gas to the Sakarya
part of the Baltic Pipe, a gas link between Nor- discovery declared last year.
way and Poland, the Danish electricity and gas
grids operator Energinet, which is building NorthAmOil: Consolidation wave shows no
the pipeline in co-operation with Poland, said signs of slowing
on June 3. The decision is a setback for Poland, The wave of consolidation sweeping the US oil
which is building capacity to import gas from and gas industry shows no sign of slowing, with
sources other than Russia. yet more new deals announced in recent days
by shale producers. Civitas Resources, which
FSU OGM: Energy transition takes centre itself is currently in the process of being formed
stage at SPIEF through the merger of Bonanza Creek Energy
The energy transition took centre stage at the St and Extraction Oil & Gas, has agreed this week
Petersburg International Economic Forum on to acquire Crestone Peak Resources. ™

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.

P18 www. NEWSBASE .com Week 23 09•June•2021