Page 19 - AfrOil Week 27 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global metres, the company said.
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: Crown LNG picks Aker for Indian
snapshot of some of the key issues affecting their project
regional beats. We hope you will like NRG’s new Norway’s Crown LNG has picked compatriot
concise format, but by clicking on the headline Aker Solutions to serve as main contractor in the
link for each section the full text will be available development of an LNG terminal offshore the
as before. Indian state of Andhra Pradesh. Aker Solutions
will first provide FEED services for the 7.2mn
AsianOil: Sacgasco expands into Philippine tonne per year (tpy) LNG terminal, which will
upstream be located around 11 km offshore Kakinda City,
Australian junior Sacgasco has expanded its before taking on the role as the project’s EPCIC
upstream portfolio after acquiring interests in contractor once a final investment decision has
four licences offshore the Philippines from Thai been made.
energy conglomerate Bangchak. Sacgasco said
on July 5 that it had paid $1 for BCP Energy Inter- LatAmOil: ExxonMobil drills dry hole at
national (BCPEI), which owns Nido Petroleum. Jabillo-1
ExxonMobil (US) has experienced a disappoint-
DMEA: Pipeline promise in Africa ment at Canje, a deepwater block offshore Guy-
UK-registered Coven Energy has proposed the ana, as it did not find commercial quantities of
construction of a $850mn fuel pipeline to pro- hydrocarbons in the Jabillo-1 well. Canada’s Eco
vide greater energy security to Zimbabwe, which (Atlantic) Oil & Gas, an indirect shareholder in
is heavily reliant on the Beira-Feruka link. Mean- the project, said the exploration well was able to
while, the governor of Nigeria’s Edo State said test the designated target layers – namely, Upper
this week that the Edo Modular Refinery at Cretaceous reservoirs in a stratigraphic trap.
Ologbo would receive crude oil feedstock from
the Escravos line via a conduit that runs to Lagos. MEOG: Omani sale and Iraqi exits
Oman’s NOC is considering the sale of its Abraj
EurOil: Martin Linge inally online Norway’s Energy Services drilling unit to aid economic
Equinor has at long last commissioned the recovery from the coronavirus (COVID-19)
Martin Linge gas field, a troubled project that pandemic. Meanwhile, Baghdad’s efforts to bring
is arriving five years behind schedule and at about a significant increase in oil production
double its original cost. Equinor announced the suffered another major setback this week as the
launch on June 30, estimating that the North Sea country’s oil minister said more IOCs are keen
field would flow 115,000 barrels of oil equivalent to reduce their exposure or withdraw from Iraq.
per day (boepd). Some 260mn boe will be recov-
ered in total during its lifetime. NorthAmOil: EQT unveils net zero plan
Pittsburgh-based EQT, an independent natural
FSU OGM: Gazprom sends record volumes gas producer and pipeline operator, intends to
to Europe bring its net carbon emissions down to zero in
Russia’s Gazprom exported record volumes of just four years. The company unveiled its net-
gas to Europe during the first half of the year, zero agenda last week, saying in a statement cov-
despite recent claims in the press that the com- ering its 2020 ESG report that it had “announced
pany has been withholding supply to jack up targets to achieve net-zero Scope 1 and 2 green-
prices. Gazprom’s supplies to non-CIS states house gas (GHG) emissions in its production
were up 25.7% year on year at 99.9bn cubic segment operations by or before 2025.” ™

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Week 27 07•July•2021 www. NEWSBASE .com P19