Page 16 - LatAmOil Week 15 2021

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global means of decarbonising some of the country’s
(NRG), in which the reader is invited to join most carbon-intensive industries.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Russia slashes fossil fuel
regional beats. We hope you will like NRG’s new forecasts
concise format, but by clicking on the headline Russia has slashed its forecasts for oil, gas and
link for each section the full text will be available coal production in 2021 and 2022, taking into
as before. account the pandemic’s impact, OPEC+ quotas
and lower commodity prices. The government
AfrOil: New agreements clear the way for now projects that oil output will reach 517mn
EACOP tonnes (10.4mn barrels per day), versus a previ-
The governments of Uganda and Tanzania have ous projection of 11.25mn bpd.
joined representatives of France’s Total and
China National Offshore Oil Corp. (CNOOC) in GLNG: India’s first FSRU arrives at
finalising host government agreements (HGAs) Jaigarh terminal
for the East Africa Crude Oil Pipeline (EACOP) India’s first floating storage and regasification
project. unit (FSRU) has arrived in the country. The
Höegh Giant sailed from Keppel Shipyard in
AsianOil: Eni adds Block 115/09 to Singapore, berthing at H-Energy’s Jaigarh termi-
Vietnamese portfolio nal in Maharashtra on April 12. The FSRU has
Italian major Eni has closed its acquisition of a storage capacity of 170,000 cubic metres and
Singaporean independent KrisEnergy’s 100% installed regasification capacity of 750mn cubic
stake in Block 115/09 offshore Vietnam. Eni said feet (21mn cubic metres) per day.
on April 12 that the acquisition further strength-
ened its presence in the Southeast Asian country, MEOG: Sealed deal and IPO plans
“consolidating its position in the recently dis- Aramco and ADNOC took centre stage this
covered Ken Bau-like play,” while furthering its week as a deal was finally agreed for the sale and
efforts to expand its Asian gas portfolio. lease back of Saudi oil pipelines while the Emi-
rati firm considers an IPO of its drilling arm. The
DMEA: Refineries under fire again Saudi firm agreed a multi-billion-dollar deal
Yemen’s Houthi militia this week claimed with a group of investors to sell and lease back
another attack on Saudi Arabian oil infrastruc- a stake in its oil pipelines business that values
ture, this time targeting Aramco facilities at the newly formed Aramco Oil Pipelines Co. at
Jeddah and Jubail. Just a day after Aramco had around $25bn.
announced a deal for the lease of its oil pipeline
network, the Houthis struck at dawn in a retali- NorthAmOil: A boost for Dakota Access
atory move against the Saudi-led military cam- pipeline
paign in Yemen. The Dakota Access oil pipeline received a boost
last week, when the administration of US Pres-
EurOil: Equinor backs world’s first ident Joe Biden said it would not force the pipe-
hydrogen power plant line to be shut down while federal regulators
Norwegian oil firm Equinor and UK utility carry out a new environmental review on the
SSE have teamed up to develop what would be project. The fight over Dakota Access’ future
the world’s first hydrogen-fired power plant in continues, with opponents of the project await-
northern England. The UK government is push- ing a court ruling that could still result in the
ing for large-scale hydrogen development as a pipeline being shut down. ™

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P16 www. NEWSBASE .com Week 15 15•April•2021