Page 18 - AfrOil Week 14 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global after cancelling a contract last month issued to
(NRG), in which the reader is invited to join Russian firm Nipigaz. Gazprom reported in late
our team of international editors, who provide a March that it had agreed terms with Linde on
snapshot of some of the key issues affecting their an engineering, procurement and site services
regional beats. We hope you will like NRG’s new (EPSS) contract for the Ust-Luga facilities.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: LNG trade booms
as before. The global LNG trade is booming. Last week, it
was reported that deliveries of the super-chilled
AsianOil: Australia’s “gas-led recovery” fuel had grown the most in a year in March, as
faces industry pushback Asia and Europe refilled inventories depleted
The Australian upstream industry is once more over the winter, and more countries bounced
pushing back at aspects of the federal gov- back from the hit their economies took as a result
ernment’s plans for a “gas-led recovery”. The of the coronavirus (COVID-19) pandemic.
Australian Petroleum Production and Explo-
ration Association (APPEA) warned this week LatAmOil: Colombia’s progress on the
that efforts to turn the Wallumbilla gas hub in fracking front
Queensland into a US-style Henry Hub would Colombia has taken another step down the road
“backfire.” towards development of its unconventional
hydrocarbon resources, via the government’s
DMEA: Illegal refinery strike, Iraqi protests decision to grant provisional approval to the
Nigeria this week destroyed an illegal refinery in Platero investigative project. According to Reu-
the Niger Delta, while protesters in Iraq blocked ters, the South American country’s National
entry to a downstream unit, causing a fuel short- Hydrocarbons Agency (ANH) announced its
age in the south of the country. A strike carried decision last week, saying it expected to sign a
out by Nigeria’s Security and Civil Defence contract for the pilot scheme with ExxonMobil
Corps (NSCDC) saw the destruction of an ille- on April 8.
gal oil refinery south-west of Warri, where state-
owned NNPC’s 125,000 barrel per day (bpd) MEOG: OPEC+ impact and Iran talks
unit remains shut for maintenance. Over the past week, the OPEC+ deal and the
return of the US to Iranian nuclear talks have
EurOil: North Macedonia eyes role in grabbed headlines, as high-level strategy
Greek LNG comes to the fore. OPEC and its partners have
Greek LNG developer Gastrade has tapped announced that an additional 1.15mn barrels
another investor for its planned import facility per day (bpd) of crude will be released to the
in Alexandroupolis. The company said it had market over the next three months, while Saudi
signed a preliminary agreement on transferring Arabia has cut another 1mn bpd voluntarily.
a stake in itself to North Macedonian gas dis-
tribution operator National Energy Resources NorthAmOil: New mega-deal for Pioneer
Skopje (NER AD). Pioneer Natural Resources announced last
week that it had struck a deal to buy Double-
FSU OGM: Gazprom switches contractor Point Energy for $6.4bn in cash and stock. The
at Ust-Luga LNG complex acquisition is Pioneer’s fourth major shale deal
Russia’s Gazprom and Rusgazdobycha now this year, coming less than three months after
want to hire Germany’s Linde to work on a gas the company closed its $4.5bn takeover of Pars-
processing and LNG complex on the Baltic Sea, ley Energy. ™

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P18 www. NEWSBASE .com Week 14 07•April•2021