Page 4 - NorthAmOil Week 05 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to the latest edition of NewsBase’s and Cameroon.
Roundup Global (NRG), in which the reader is In Cameroon, the national oil company (NOC)
Sign up to NRG Editor’s invited to join our team of international editors, reports that the Hilli Episeyo floating LNG (FLNG)
Picks for free here who provide a snapshot of some of the key issues unit has continued to expand its customer base.
affecting their regional beats. We hope you will According to Société Nationale des Hydrocar-
like NRG’s new concise format, but by clicking bures (SNH), five countries received their first
on the headline link for each section the full text cargoes of Cameroonian LNG for the first time in
will be available as before. 2020: Kuwait, Pakistan, South Korea, Thailand and
In this week’s NRG our editorial team focus on Turkey.
African LNG projects in Mozambique and Cam-
eroon, as well as Equinor’s ongoing difficulties AsianOil: KNOC seeks to sell North Sea
with TLNG in Tanzania. In Europe Norway’s flag- fields
ship Johan Sverdrup oil project is set to raise out- State-owned Korea National Oil Corp. (KNOC)
put again, to 535,000 bpd, whereas South Korea’s is reportedly seeking to sell a number of its
KNOC is reported to be seeking to sell a number upstream assets in the North Sea as it strives to
of its North Sea assets. Meanwhile, Russian LNG reduce its debt load.
exporter Novatek and German Uniper are looking The company wants to sell subsidiary Dana
to develop a hydrogen supply chain. There have Petroleum’s 10% stake in the Tolmount project in
been setbacks for LNG in the US, with NextDec- UK waters as well as its entire Dutch and Danish
ade abandoning its proposed site in Texas, and in operations, Reuters reported on January 29, cit-
Australia, where Chevron’s Wheatstone LNG plant ing a company sales document.
has been undergoing maintenance. By contrast,
both Colombia’s Ecopetrol and Brazil’s Petrobras DMEA: trouble in Tanzania
recorded successes in attracting new customers in Among the key downstream developments
2020. In Saudi Arabia, Crown Prince Mohamed bin in North Africa and the Middle East this year,
Salman has announced there will be further share Equinor has taken a $982mn write-down charge
sales of the state giant, Saudi Aramco. Finally, it has at its long-delayed Tanzania LNG (TLNG) pro-
been revealed that US supermajors ExxonMobil ject. It did so after judging the venture to be
and Chevron had opened serious discussions on a uncompetitive.
possible merger last year. Equinor has been trying to get TLNG off
the ground for years, but has been unable to
Africa: Spotlight on LNG do because of regulatory delays and difficulties
This week’s AfrOil covers LNG projects in agreeing investment terms with the Tanzanian
multiple countries, including Mozambique government.

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