Page 19 - DMEA Week 27 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Aker Solutions to serve as main contractor in
(NRG), in which the reader is invited to join the development of an LNG terminal offshore
our team of international editors, who provide a India’s south-eastern state of Andhra Pradesh.
snapshot of some of the key issues affecting their Crown said on July 5 that Aker Solutions
regional beats. would first conduct the front-end engineering
We hope you will like NRG’s new concise for- and design for the 7.2mn tonne per year (tpy)
mat, but by clicking on the headline link for each LNG terminal, which will be located around 11
section the full text will be available as before. km offshore Kakinda City, before taking on the
role as the project’s engineering, procurement,
AfrOil: Nigeria passes PIB at long last construction, installation and commissioning
Both houses of Nigeria’s National Assembly contractor once a final investment decision has
voted on July 1 to pass the Petroleum Industry been made.
Bill (PIB), which will serve as the country’s new
oil and gas law. LatAmOil: Exxon drills dry hole at Jabillo-1
The legislation will now be sent to President ExxonMobil (US) has experienced a disappoint-
Muhammadu Buhari, who is expected to sign it ment at Canje, a deepwater block offshore Guy-
into law in the near future. ana, as it did not find commercial quantities of
hydrocarbons in the Jabillo-1 well.
AsianOil: Sacgasco’s Philippines expansion According to Canada’s Eco (Atlantic) Oil &
Australian junior Sacgasco has expanded its Gas, an indirect shareholder in the project, the
upstream portfolio after acquiring interests in exploration well was able to test the designated
four licences offshore the Philippines from Thai target layers – namely Upper Cretaceous reser-
energy conglomerate Bangchak. voirs in a stratigraphic trap.
Sacgasco said on July 5 that it had paid $1
for BCP Energy International (BCPEI), which MEOG: Omani sale and Iraqi exits
wholly owns Nido Petroleum. This week’s MEOG looks at the proposed sale
of the drilling arm of Oman’s state oil firm and
EurOil: Martin Linge finally online more majors heading for the door in Iraq.
Norway’s Equinor has at long last commissioned Omani NOC OQ is reported to be consider-
the Martin Linge gas field, a troubled project ing the sale of its Abraj Energy Services drilling
that is arriving five years behind schedule and at unit as part of efforts to aid the Sultanate’s eco-
double its original cost. nomic recovery from the coronavirus (COVID-
Equinor announced the launch on June 30, 19) pandemic. Meanwhile, Baghdad’s efforts to
estimating that the North Sea field would flow bring about a significant increase in oil produc-
115,000 barrels of oil equivalent per day (boepd). tion suffered another major setback this week
Some 260mn boe will be recovered in total dur- as the country’s oil minister said more IOCs are
ing its lifetime. keen to reduce their exposure or withdraw from
Iraq altogether.
FSUOGM: Gazprom sends record volumes
Russia’s Gazprom exported record volumes of NorthAmOil: EQT aims for net zero
gas to Europe during the first half of the year, Pittsburgh-based EQT, an independent natural
despite recent claims in the press that the com- gas producer and pipeline operator, intends to
pany has been withholding supply to jack up bring its net carbon emissions down to zero in
prices. just four years.
Gazprom’s supplies to non-CIS states were up The company unveiled its net-zero agenda
25.7% year on year at 99.9bn cubic metres, the last week, saying in a statement covering its 2020
company said. ESG report that it had “announced targets to
achieve net-zero Scope 1 and 2 greenhouse gas
GLNG: Crown picks Aker for Indian project (GHG) emissions in its production segment
Norway’s Crown LNG has picked compatriot operations by or before 2025”. ™

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