Page 16 - FSUOGM Week 20 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global result of outages across its portfolio. The com-
(NRG), in which the reader is invited to join pany’s supply averaged 125,700 barrels of oil
our team of international editors, who provide a equivalent per day in the three-month period,
snapshot of some of the key issues affecting their versus 162,100 boepd a year earlier.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Woodside to exit Kitimat LNG
link for each section the full text will be available Australia’s Woodside Energy announced this
as before. week that it would exit its 50% non-operated
interest in the proposed Kitimat LNG project on
AfrOil: Nedbank to halt funding for coal, oil Canada’s West Coast. The company will either
and gas projects sell or wind up and restore the assets, leases and
South Africa’s Nedbank has decided to phase out agreements covering both the LNG terminal’s
funding for fossil fuel projects as part of a wider site in Bish Cove, British Columbia, and the 480-
effort to reduce its net carbon emissions to zero km Pacific Trail pipeline route.
by 2045. The group will work towards this goal
by halting funding to organisations involved in LatAmOil: Peru LNG halts production
thermal coal mining by 2025 and direct funding The Peru LNG consortium has suspended
for crude oil and natural gas exploration. operations at its natural gas liquefaction plant
in Pampa Melchorita, citing an issue with one
AsianOil: Indonesian upstream expands of its compressors. Jeanne Phillips, a senior
domestic content level vice-president at Hunt Oil, the leader of Peru
Indonesia’s upstream watchdog SKK Migas has LNG, confirmed the shutdown last week and
revealed that the domestic content level in the indicated that the consortium had taken the
country’s oil and gas projects during the first plant offline on or about May 7.
four months of the year exceeded the govern-
ment’s target. The regulator said that domestic MEOG: Iran optimistic as export route
content levels reached 58% of project costs by opens
the end of April, compared with the govern- It has been a busy week for Iran, which is work-
ment’s full-year target of 57%. ing to ramp up oil output as it eyes a lifting of
sanctions and increased exports. Talks between
DMEA: UAE’s H2 plant and Jordan’s im- world powers are yet to overcome the remaining
ports obstacles to resume the 2015 Joint Comprehen-
This week’s DMEA looks at the launch of the sive Plan of Action (JCPOA), but Iran appears to
Middle East’s first green hydrogen facility and be working on the assumption that these efforts
Jordan’s tender for Iraqi crude shipments. Emi- will bear fruit.
rati Energy and Infrastructure Minister Suhail
Al Mazrouei announced that the UAE will this NorthAmOil: Gulf Coast LNG projects inch
week commission its first green hydrogen plant forward
to produce clean transportation fuels for use A ransomware cyberattack on Colonial Pipe-
during Dubai Expo 2020 due to take place later line has been described as one of the most
this year. Meanwhile, Jordan’s Ministry of Energy disruptive digital ransom schemes ever
and Mineral Resources (MEMR) launched a ten- reported. See the archive and
der for the transport of 10,000 bpd of Iraqi crude The 5,500-mile (8,850-km) pipeline, which sign up to receive
by road from Kirkuk to Zarqa. carries nearly half the fuel consumed along the *NRG Editor’s Picks*
US East Coast, was forced by the attack to go for free by email each
EurOil: Neptune stung by outages offline on May 7. As of May 11, a restart was still week here
Northwest European producer Neptune thought to be days away, with Colonial Pipeline
Energy suffered a 22% year-on-year decline aiming to “substantially” restore operational ser-
in oil and gas output in the first quarter as a vice by the end of the week..™

P16 www. NEWSBASE .com Week 20 19•May•2021