Page 18 - MEOG Week 27 2021

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Some 260mn boe will be recovered in total dur-
(NRG), in which the reader is invited to join ing its lifetime.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: Gazprom sends record volumes
regional beats. Russia’s Gazprom exported record volumes of
We hope you will like NRG’s new concise for- gas to Europe during the first half of the year,
mat, but by clicking on the headline link for each despite recent claims in the press that the com-
section the full text will be available as before. pany has been withholding supply to jack up
prices.
AfrOil: Nigeria passes PIB at long last Gazprom’s supplies to non-CIS states were up
Both houses of Nigeria’s National Assembly 25.7% year on year at 99.9bn cubic metres, the
voted on July 1 to pass the Petroleum Industry company said.
Bill (PIB), which will serve as the country’s new
oil and gas law. GLNG: Crown picks Aker for Indian project
The legislation will now be sent to President Norway’s Crown LNG has picked compatriot
Muhammadu Buhari, who is expected to sign it Aker Solutions to serve as main contractor in
into law in the near future. the development of an LNG terminal offshore
India’s south-eastern state of Andhra Pradesh.
AsianOil: Sacgasco’s Philippines expansion Crown said on July 5 that Aker Solutions
Australian junior Sacgasco has expanded its would first conduct the front-end engineering
upstream portfolio after acquiring interests in and design for the 7.2mn tonne per year (tpy)
four licences offshore the Philippines from Thai LNG terminal, which will be located around 11
energy conglomerate Bangchak. km offshore Kakinda City, before taking on the
Sacgasco said on July 5 that it had paid $1 role as the project’s engineering, procurement,
for BCP Energy International (BCPEI), which construction, installation and commissioning
wholly owns Nido Petroleum. contractor once a final investment decision has
been made.
DMEA: Pipeline promise in Africa
This week’s DMEA looks at a proposal for a LatAmOil: Exxon drills dry hole at Jabillo-1
major new pipeline to increase energy security in ExxonMobil (US) has experienced a disappoint-
Zimbabwe and the securing of crude feedstock ment at Canje, a deepwater block offshore Guy-
for a new refinery in Nigeria. ana, as it did not find commercial quantities of
UK-registered Coven Energy has proposed hydrocarbons in the Jabillo-1 well.
the construction of a $850mn fuel pipeline to According to Canada’s Eco (Atlantic) Oil &
provide greater energy security to Zimbabwe, Gas, an indirect shareholder in the project, the
which is heavily reliant on the Beira-Feruka link. exploration well was able to test the designated
Meanwhile, the governor of Nigeria’s Edo target layers – namely Upper Cretaceous reser-
State said this week that the Edo Modular Refin- voirs in a stratigraphic trap.
ery at Ologbo would receive crude oil feedstock
from the Escravos line via a conduit that runs to NorthAmOil: EQT aims for net zero
Lagos. Pittsburgh-based EQT, an independent natural
gas producer and pipeline operator, intends to
EurOil: Martin Linge finally online bring its net carbon emissions down to zero in
Norway’s Equinor has at long last commissioned just four years.
the Martin Linge gas field, a troubled project The company unveiled its net-zero agenda
that is arriving five years behind schedule and at last week, saying in a statement covering its 2020
double its original cost. ESG report that it had “announced targets to
Equinor announced the launch on June 30, achieve net-zero Scope 1 and 2 greenhouse gas
estimating that the North Sea field would flow (GHG) emissions in its production segment
115,000 barrels of oil equivalent per day (boepd). operations by or before 2025”. ™

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P18 www. NEWSBASE .com Week 27 07•July•2021