Page 18 - AfrOil Week 13 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global drilling. The well at the Shafag-Asiman block
(NRG), in which the reader is invited to join was sunk to a depth of almost 7,200 metres. It is
our team of international editors, who provide a the first borehole to be completed in years in the
snapshot of some of the key issues affecting their Azeri section of the Caspian Sea, where explora-
regional beats. We hope you will like NRG’s new tion activity has been muted because of low oil
concise format, but by clicking on the headline prices and rig scarcity.
link for each section the full text will be available
as before. GLNG: Cheniere’s Corpus Christi Train 3
approved to enter service
AsianOil: India continues to rail against oil The third train at Cheniere Energy’s Corpus
supply cuts Christi LNG export terminal on the Texas Gulf
The Indian government maintained its pressure Coast has been approved by the US Federal
on OPEC+ and Saudi Arabia this past week, Energy Regulatory Commission (FERC) to
pushing for an easing in production cuts in order enter commercial service. This comes after the
to lower international oil prices. Indian Minis- train has already been operating in test mode for
ter of Petroleum and Natural Gas Dharmendra months.
Pradhan said on March 26 that his country’s
energy purchases were driven by commercial LatAmOil: AMLO’s latest salvo
interests and not bilateral relations. Mexican President Andres Manuel Lopez Obra-
dor has reportedly stepped up his campaign to
DMEA: Money matters in Saudi Arabia secure state control over the energy industry.
Two significant Saudi Arabian financial deals According to Reuters, the president has sent a
came to the fore this week centring on petro- new bill to Congress that gives the government
chemicals and pipelines. Saudi Aramco and Dow the right to suspend permits granted to the
Chemical reached a debt restructuring agree- developers of oil and gas fields under certain
ment for their Sadara Chemical Co. joint venture conditions.
while allocating more gas to the plant. Aramco is
also reported to have asked banks for proposals MEOG: Oil deals abound
to provide funding that it intends to offer compa- Last week was one of deals in the Middle East
nies considering leasing a stake in its oil pipelines as political, field development and maintenance
division. agreements were reached as producers look to
sustain and grow production. Iraq signed deals
EurOil: North Sea M&A heats up with Total and Schlumberger while noting its
Polish gas company PGNiG has continued its intention to increase production capacity to 8mn
acquisition spree off Norway with its biggest pur- barrels per day (bpd) by 2029.
chase to date, worth $615mn. The state-owned
firm has struck a deal to acquire the Norwegian NorthAmOil: Chevron reportedly eyeing
business of UK group Ineos, which produces Shell’s Pacific Northwest refinery
33,000 barrels of oil equivalent per day (boepd), Super-major Chevron has reportedly emerged
including 1.5bn cubic metres per year of gas. as the leading contender to buy a refinery in the
US Pacific Northwest that is owned by Royal
FSU OGM: BP and SOCAR report fresh Dutch Shell. This was reported by Reuters, which
Caspian gas find cited three sources familiar with the matter on
BP and Azerbaijan’s state-owned SOCAR have March 27 as saying that Chevron was first in line
made an ultra-deep gas and condensate dis- to buy the Puget Sound refinery in Anacortes,
covery in the Caspian Sea after 14 months of Washington State. ™

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P18 www. NEWSBASE .com Week 13 31•March•2021