Page 19 - AfrOil Week 10 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 10.054mn barrels per day (bpd) during the
(NRG), in which the reader is invited to join month, marking a 10.6% drop year on year.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Carbon-neutral LNG gains ground
regional beats. We hope you will like NRG’s new Carbon-neutral LNG is increasingly gaining
concise format, but by clicking on the headline momentum as more industry players commit
link for each section the full text will be available to the concept or carve out a path towards it.
as before. This week, Tokyo Gas announced that it had
joined 14 other Japanese companies in forming
AsianOil: ChinaGas-Sinopec ties the Carbon Neutral LNG Buyers Alliance in an
Natural gas distributor China Gas has agreed to effort to promote the more widespread use of the
forge a closer working relationship with state- greener version of the fuel.
owned Sinopec Group in the natural gas import
and distribution segments. The privately owned LatAmOil: Activity offshore Guyana
infrastructure operator said on March 4 that the Activity levels in Guyana’s offshore zone have
two had signed a strategic co-operation frame- remained high over the last week. Canada’s CGX
work agreement that would mainly focus on Energy has confirmed plans to move ahead with
natural gas, LNG and LPG. the drilling of two exploration wells at the Cor-
entyne and Demerara blocks offshore Guyana,
DMEA: Progress on Duqm refinery while ExxonMobil (US) is preparing for the
Oman is continuing to push forward progress in return of a faulty compressor unit to the Liza
the developing its Duqm refinery, despite having Destiny, the floating production, storage and
halted engineering work on the integrated petro- off-loading (FPSO) vessel it has installed at the
chemical facility late last year. The 230,000 barrel Liza-1 oilfield within the Stabroek block.
per day (bpd) refinery is now expected to com-
mence operations late this year or early 2022, MEOG: Conduits in the crosshairs
and this week a supply conduit was completed to Headlines have been dominated by the Saudi-led
connect the facility with gas processing facilities. decision by OPEC+ to maintain production cuts
during April and attacks that have brought into
EurOil: Fluxys joins German LNG efforts focus once more the influence of geopolitics on
Belgium’s Fluxys has signed up to be an “indus- oil supplies. While Iraq’s oil minister predicted
trial partner” at the planned Stade LNG import the lack of action on the part of OPEC+ during
terminal in northern Germany, taking the ambi- the March meeting, most of the industry was
tious project a step closer towards realisation. caught off-guard when it announced that only
Stade LNG is the biggest of several LNG import 150,000 barrels per day (bpd) would return
schemes in Germany, which already has access to the market in April, with the increase to be
to a diversified mix of supplies but is looking to shared by Russia and Kazakhstan.
bolster its position as a hub for central Europe.
NorthAmOil: Crude-by-rail on the rebound
FSU OGM: Russian oil inches down Chevron has struck an agreement to acquire all
Russian crude oil and condensate supply inched the outstanding shares of Noble Midstream Part-
down 0.8% month on month in February, pre- ners that it does not already own. The super-ma-
liminary data from the country’s energy minis- jor already owns a nearly 63% majority stake in
try shows, primarily owing to a decline at fields Noble Midstream, which it acquired when it
controlled by state-owned Rosneft and its sub- took over its parent company, Noble Energy, in a
sidiary Bashneft. National production averaged deal worth $4.1bn last year. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 10 10•March•2021 www. NEWSBASE .com P19