Page 19 - DMEA Week 18 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Last week, the two companies signed a heads
(NRG), in which the reader is invited to join of agreement (HoA) that provides for Total
our team of international editors, who provide a to buy a 10% stake in Arctic Transshipment, a
snapshot of some of the key issues affecting their wholly owned subsidiary of Novatek.
regional beats.
We hope you will like NRG’s new concise for- GLNG: AGL scraps Crib Point project
mat, but by clicking on the headline link for each Australia’s AGL Energy said this week that it
section the full text will be available as before. was stopping development of its proposed Crib
Point LNG import project.
AfrOil: Uganda poised for December tender The move is not a surprising one, as it comes
Ugandan authorities are gearing up to seek around a month after the State of Victoria
contractors for infrastructure projects that will rejected the plan on concerns over its environ-
support the country’s nascent oil industry later mental impact.
this year.
A representative of the Petroleum Authority LatAmOil: New contract model for Guyana
of Uganda (PAU) said last week that Kampala Irfaan Ali, the president of Guyana, has
hoped to call the first set of tenders in December. announced plans to introduce a new model for
assigning oil blocks to investors.
AsianOil: PetroChina posts quarterly profit He explained that his administration was
State-run PetroChina has posted a first-quarter moving away from direct negotiations with
net profit of CNY27.72mn ($4.28bn), a return to international oil companies (IOCs) and would
the black after the previous year’s CNY16.23bn instead conduct licensing rounds.
($2.51bn) loss.
China’s largest oil and gas producer said on MEOG: Basra in the crosshairs
April 29 that the result was its best quarterly net Iraq’s Oil Minister revealed this week that state-
profit in the past seven years. owned Basra Oil Co. (BOC) is considering pick-
ing up the 32.7% stake ExxonMobil is currently
EurOil: Firms to partner on Pegasus West looking to sell in the West Qurna-1 oilfield.
Spirit Energy and Neptune Energy have agreed Meanwhile, Basra Gas Co. (BGC) is also in
to partner on the development of the Pegasus line for a major project boost with the Ministry
West discovery in the UK’s Southern North Sea. of Oil (MoO) announcing plans to invest $3bn
This marks the end of a dispute between the in the company.
two companies over how the project should be
developed. NorthAmOil: Williston assets change hands
Oasis Petroleum announced this week that it
FSUOGM: Total eyes stake in LNG com- had agreed to acquire Diamondback Energy’s
plexes Williston Basin assets for $745mn.
Novatek, Russia’s largest privately owned pro- The news came days after Norway’s Equinor
ducer of natural gas, is looking to sell a minority said it had completed its own sale of Williston
stake in its LNG transshipment unit to France’s Basin assets for $900mn.™
Total.

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Week 18 06•May•2021 www. NEWSBASE .com P19