Page 18 - AfrOil Week 21 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global is poised to become Russia’s largest gas process-
(NRG), in which the reader is invited to join ing facility and one of the world’s largest in terms
our team of international editors, who provide a of production volumes.
snapshot of some of the key issues affecting their
regional beats. GLNG: Predator preps Moroccan FSRU bid
We hope you will like NRG’s new concise for- UK-based Predator Oil & Gas has said in an
mat, but by clicking on the headline link for each update that it is preparing to submit a bid to
section the full text will be available as before. build and operate a floating storage and regas-
ification unit (FSRU) to import LNG into
AsianOil: India’s gas up, oil down Morocco.
India recorded a significant jump in its natural The company’s Predator Gas Ventures
gas production in April, even as its crude oil out- Morocco Branch (PGVMB) subsidiary is pre-
put continued to slide. paring to submit the bid in response to a call for
The country produced 2.65bn cubic metres expressions of interest issued by the Moroccan
of gas last month, up 22.7% from the 2.16 bcm government, with a deadline of May 31, 2021.
produced in April 2020, the Indian Ministry of
Petroleum and Natural Gas revealed on May 21. LatAmOil: Bid in for Brazilian pipeline
A consortium led by Canada’s Enbridge has
DMEA: Tender for Nigerian maintenance reportedly submitted a bid for Brazil’s largest
This week’s DMEA covers a long-awaited ten- natural gas import pipeline.
der for refinery maintenance in Nigeria and a Citing three sources familiar with the matter,
contract award to an American firm for flare gas Reuters reported last week that the non-binding
recovery in Egypt. offer had been put in by a group of companies
The Nigerian National Petroleum Corp. that also includes Belgium’s Fluxys and US-based
(NNPC) launched a tender for a contract for private equity firm EIG Global Energy Partners.
operations and maintenance (O&M) services at
the country’s four state-owned refineries. MEOG: Iran readies new terminal
This week’s MEOG looks at the effective com-
EurOil: US concedes on Nord Stream 2 pletion of Iran’s new Jask Oil Terminal and
The US has confirmed it will not impose sanc- Abu Dhabi’s development of a world-scale blue
tions on the Russian company developing the ammonia plant.
Nord Stream 2 pipeline – a decision that has Following last week’s completion of phase
been welcomed by both Germany and Russia. one of the Goreh-Jask oil pipeline, Iran’s new oil
The US government has instead said it will terminal on the Sea of Oman is now 98% com-
maintain its sanctions on the Russian pipelaying plete and is ready to begin receiving, transfer-
vessels that are building the pipeline, which is ring and exporting crude.
now more than 95% complete.
NorthAmOil: Cimarex, Cabot merger
FSUOGM: Gazprom starts Baltic gas work US shale players Cabot Oil & Gas and Cimarex
Russia’s Gazprom has formally started construc- Energy have announced a merger of equals val-
tion on a major gas processing and LNG com- ued at roughly $7.4bn.
plex at the Baltic Sea port of Ust-Luga. The all-stock transaction will create a com-
The project, a joint venture between Gazprom pany with an enterprise value of around $17bn,
and a private Russian partner RusGazDobycha, to be named at a later date.™

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P18 www. NEWSBASE .com Week 21 27•May•2021