Page 15 - EurOil Week 20 2021

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global In an announcement on May 12, the govern-
(NRG), in which the reader is invited to join ment said it had added oil products to the list
our team of international editors, who provide a of socially important goods, and that retailers
snapshot of some of the key issues affecting their now needed to declare plans to raise prices
regional beats. We hope you will like NRG's new by 1% or more to the state consumer market
concise format, but by clicking on the headline watchdog some 20 days in advance..
link for each section the full text will be available
as before. GLNG: Woodside to exit Kitimat LNG
Australia’s Woodside Energy announced
AfrOil: Nedbank to halt funding for coal, oil this week that it would exit its 50% non-op-
and gas projects erated interest in the proposed Kitimat LNG
South Africa’s Nedbank has decided to phase out project on Canada’s West Coast. The com-
funding for fossil fuel projects as part of a wider pany will either sell or wind up and restore
effort to reduce its net carbon emissions to zero the assets, leases and agreements covering
by 2045. The group will work towards this goal both the LNG terminal’s site in Bish Cove,
by halting funding to organisations involved in British Columbia, and the 480-km Pacific
thermal coal mining by 2025 and direct funding Trail pipeline route.
for crude oil and natural gas exploration.
LatAmOil: Peru LNG halts production
AsianOil: Indonesian upstream expands The Peru LNG consortium has suspended
domestic content level operations at its natural gas liquefaction plant
Indonesia’s upstream watchdog SKK Migas has in Pampa Melchorita, citing an issue with one
revealed that the domestic content level in the of its compressors. Jeanne Phillips, a senior
country’s oil and gas projects during the first vice-president at Hunt Oil, the leader of Peru
four months of the year exceeded the govern- LNG, confirmed the shutdown last week and
ment’s target. The regulator said that domestic indicated that the consortium had taken the
content levels reached 58% of project costs by plant offline on or about May 7.
the end of April, compared with the govern-
ment’s full-year target of 57%. MEOG: Iran optimistic as export route
opens
DMEA: UAE’s H2 plant and Jordan’s im- It has been a busy week for Iran, which is work-
ports ing to ramp up oil output as it eyes a lifting of
This week’s DMEA looks at the launch of the sanctions and increased exports. Talks between
Middle East’s first green hydrogen facility and world powers are yet to overcome the remaining
Jordan’s tender for Iraqi crude shipments. Emi- obstacles to resume the 2015 Joint Comprehen-
rati Energy and Infrastructure Minister Suhail sive Plan of Action (JCPOA), but Iran appears to
Al Mazrouei announced that the UAE will this be working on the assumption that these efforts
week commission its first green hydrogen plant will bear fruit.
to produce clean transportation fuels for use
during Dubai Expo 2020 due to take place later NorthAmOil: Gulf Coast LNG projects inch
this year. Meanwhile, Jordan’s Ministry of Energy forward
and Mineral Resources (MEMR) launched a ten- A ransomware cyberattack on Colonial Pipe-
der for the transport of 10,000 bpd of Iraqi crude line has been described as one of the most
by road from Kirkuk to Zarqa. disruptive digital ransom schemes ever
reported. See the archive and
FSUOGM: Ukraine Imposes Fuel Price The 5,500-mile (8,850-km) pipeline, which sign up to receive
Controls carries nearly half the fuel consumed along the *NRG Editor’s Picks*
Ukraine’s government has introduced con- US East Coast, was forced by the attack to go for free by email each
trols on retail gasoline and diesel prices in offline on May 7. As of May 11, a restart was still week here
an attempt to stem rising inflation, in a move thought to be days away, with Colonial Pipeline
that has prompted harsh criticism from the aiming to “substantially” restore operational ser-
industry. vice by the end of the week..™

Week 20 20•May•2021 www. NEWSBASE .com P15