Page 17 - MEOG Week 11 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Q-10A gas field and the Q-10B, Q-11B and M10/
(NRG), in which the reader is invited to join M11 discoveries, as well as other projects in the
our team of international editors, who provide a Dutch North Sea.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: BP Axes Kazakh Plans
concise format, but by clicking on the headline UK major BP has scrapped plans for three
link for each section the full text will be available oil projects in Kazakhstan after announcing
as before. a shift in its global strategy last year towards
renewables.
AfrOil: Objections to fuel price hikes Kazakhstan’s national oil company (NOC)
Fuel price hikes have sparked anger in two Afri- KazMunayGas (KMG) published a letter sent by
can countries over the last week. In Nigeria, the BP last October on March 10, stating that after 18
Petroleum Products Pricing Regulatory Agency months of evaluation work it had decided not to
(PPPRA) has come under fire for raising the pursue the Bolshoy Zhambyl, Zhemchuzhnaya
pump price of gasoline. In Kenya, the Energy and Kalamkas Sea blocks.
and Petroleum Regulatory Authority (EPRA)
has increased prices for gasoline, diesel and ker- GLNG: Albanian feasibility, US exports
osene, citing higher import costs. Plenty of LNG-related developments continue
to emerge. Last week, Excelerate Energy and
AsianOil: Indonesia’s upstream targets ExxonMobil LNG Market Development signed
Indonesia’s upstream watchdog SKK Migas has a memorandum of understanding (MoU) with
set a local content target for upstream invest- the government of Albania to conduct a feasi-
ment in 2021, after the coronavirus (COVID-19) bility study for a potential LNG import terminal
pandemic derailed last year’s target. in the country.
The head of SKK Migas’ goods and services Separately, Spain’s Repsol used carbon offsets for
procurement management division, Erwin the first time to compensate for the emissions
Suryadi, said on March 10 that upstream pro- from LNG that it delivered to Sweden’s Fure-
curement spending had amounted to $3bn in tank Rederi at a terminal owned by Enagas in
2020, with local content providers winning south-eastern Spain.
about 56% of that total.
LatAmOil: Pemex’s big discovery
DMEA: Tema time and tankers under fire Mexico’s national oil company (NOC) Pemex
Last week, Ghana’s energy minister visited the has reported the discovery of a large new field
country’s struggling Tema Oil Refinery, giving a off the coast of Tabasco State in the southern
rallying cry to workers and pledging state sup- Gulf. Octavio Romero, the CEO of Pemex, has
port for the unit. Despite efforts to reinvigorate described the site as “gigantic” and says it may
the unit, Tema continues to operate at reduced hold as much as 1bn barrels of crude in combi-
levels following an explosion at its distillation nation with other nearby deposits.
unit four years ago.
NorthAmOil: Rig count down, output up
EurOil: Tulip divests Dutch fields The US’ active rig count edged down by one last
Dutch firm Tulip Oil has agreed to sell a group week, according to oilfield services firm Baker
of gas fields in the Netherlands’ offshore zone Hughes. This marked the first time the US rig
to AIM-listed investment group Kistos for at count had fallen since November.
least €220mn ($263mn), the companies said on The small change does not necessarily indi-
March 12. cate a reversal of the overall upward trend in
Tulip will sell its subsidiary Tulip Oil Neth- recent months, but does show that US drillers
erlands, which owns operating interests in the continue to proceed with caution.™

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