Page 14 - AsianOil Week 09 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global A power gush of oil was reported at an explo-
(NRG), in which the reader is invited to join ration well drilled by a local company called
our team of international editors, who provide a Meridian Petroleum, the Mangistau provincial
snapshot of some of the key issues affecting their government said in a statement on February 26.
regional beats. We hope you will like NRG's new The field has been named after celebrated Sovi-
concise format, but by clicking on the headline et-era oilman Khalel Uzbekgaliyev.
link for each section the full text will be available
as before. GLNG: Jordan Cove LNG in doubt
THE future of Pembina Pipeline’s proposed
AfrOil: Sasol’s gas FID Jordan Cove LNG export terminal in Oregon
SOUTH Africa’s Sasol has made a final invest- looks increasingly in doubt, with the company
ment decision (FID) on the development of taking a write-down on its investment in the
an onshore natural gas field in neighbouring project.
Mozambique. This move will allow the com- Pembina now says it can no longer predict
pany to move forward with this $760mn project, when the facility may be built, and is evaluating
which will include overland gas shipments to the path forward.
South Africa, LPG production for the local mar-
ket and the construction of a gas-fired thermal LatAmOil: Ecopetrol comments on ISA bid
power plant (TPP). COLOMBIA’S national oil company (NOC)
Ecopetrol has defended its decision to submit a
DMEA: Dangote to the rescue bid for a majority stake in Interconexion Elec-
THE refinery currently being built by Nigeria’s trica SA (ISA), the country’s electricity transmis-
Dangote Group has once again been hailed as a sion system operator (TSO). According to Felipe
potential saviour for Nigeria. This time, the gov- Bayon, the company’s CEO, the TSO is a good
ernor of the country’s Central Bank has said that investment, even though it falls outside Ecopet-
once it comes into production the 650,000 barrel rol’s core business.
per day (bpd) facility will sell products in naira,
saving the government from spending around MEOG: Conduits in the crosshairs
41% of its foreign exchange on petroleum prod- PIPELINES took centre stage in the Middle
uct imports. East this week. While a gas pipeline in eastern
Syria was attacked amid growing tensions in the
Euroil: European refining developments region, Saudi Arabia has pitched to make itself
ROYAL Dutch Shell is looking to construct the the centre of the nascent hydrogen market, offer-
first ever commercial bio-power-to-liquid (bio- ing to pipe hydrogen to Europe.
PTL) unit at its Rheinland refinery in Germany, Nobody has yet claimed responsibility for
the company said on February 26. the attack on the al-Jabsa-al-Rayyan pipeline in
The project will involve expanding an exist- the oil-rich Syrian province of Deir Ezzor, which
ing 10-MW electrolyser to a capacity of 100 MW. is home to the bulk of the country’s oil and gas
Using green hydrogen produced from the elec- reserves and producing assets.
trolyser as well as biomass, the PTL unit would
produce 100,000 tonnes per year (tpy) of syn- NorthAmOil: Crude-by-rail on the rebound
thetic kerosene and naphtha. CANADIAN crude-by-rail exports are reported
to be rebounding after falling almost 40% in
FSU OGM: Kazakhstan’s big oil find 2020, according to the Canada Energy Regula-
LOCAL authorities in Kazakhstan’s oil-rich tor (CER).
western Mangistau region have reported the dis- The regulator’s data show that crude-by-rail
covery of what could be the region’s biggest oil exports averaged 172,013 barrels per day, com-
find since the country’s independence in 1991. pared with 280,272 bpd in 2019.

P14 www. NEWSBASE .com Week 09 04•March•2021