Page 19 - FSUOGM Week 21 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Predator Prepares Moroccan FSRU
(NRG), in which the reader is invited to join Bid
our team of international editors, who provide a UK-based Predator Oil & Gas has said in an
snapshot of some of the key issues affecting their update that it is preparing to submit a bid to
regional beats. We hope you will like NRG's new build and operate a floating storage and regas-
concise format, but by clicking on the headline ification unit (FSRU) to import LNG into
link for each section the full text will be available Morocco.
as before. The company’s Predator Gas Ventures
Morocco Branch (PGVMB) subsidiary is pre-
AfrOil: Major Tie-Up In Angola paring to submit the bid in response to a call
This week’s AfrOil looks at a strategic tie-up for expressions of interest (EoIs) issued by the
between BP and Eni in Angola, while an industry Moroccan government, with a deadline of May
veteran gives his take on the short-term future of 31, 2021.
African E&P.
Majors BP and Eni last week announced LatAmOil: Peru LNG halts production
plans to combine their oil and gas interests in The Peru LNG consortium has suspended
Angola through a joint venture (JV) that would operations at its natural gas liquefaction plant
become one of the continent’s largest producers. in Pampa Melchorita, citing an issue with one
of its compressors. Jeanne Phillips, a senior
AsianOil: India’s Gas Production Climbs In vice-president at Hunt Oil, the leader of Peru
April, While Oil Output Slides LNG, confirmed the shutdown last week and
India recorded a significant jump in its natural indicated that the consortium had taken the
gas production in April, even as its crude oil out- plant offline on or about May 7.
put continued to slide.
The country produced 2.65bn cubic metres MEOG: Iran Readies New Terminal
of gas last month, up 22.7% from the 2.16 bcm This week’s MEOG looks at the effective com-
produced in April 2020, the Indian Ministry of pletion of Iran’s new Jask Oil Terminal and
Petroleum and Natural Gas revealed on May 21. Abu Dhabi’s development of a world-scale blue
ammonia plant.
DMEA: Tender For Nigerian Maintenance Following last week’s completion of phase one
This week’s DMEA covers a long-awaited ten- of the Goreh-Jask oil pipeline, Iran’s new oil ter-
der for refinery maintenance in Nigeria and a minal on the Sea of Oman is now 98% complete
contract award to an American firm for flare gas and is ready to begin receiving, transferring and
recovery in Egypt. exporting crude.
The Nigerian National Petroleum Corp.
(NNPC) launched a tender for a contract for NorthAmOil: Cimarex, Cabot Announce
operations and maintenance (O&M) services at Surprise Merger
the country’s four state-owned refineries. US shale players Cabot Oil & Gas and
Cimarex Energy have announced a merger
EurOil: US Concedes On Nord Stream 2 of equals valued at roughly $7.4bn. The all-
The US has confirmed it will not impose sanc- stock transaction will create a company with
tions on the Russian company developing the an enterprise value of around $17bn, to be See the archive and
Nord Stream 2 pipeline – a decision that has named at a later date. sign up to receive
been welcomed by both Germany and Russia. The transaction has been described as *NRG Editor’s Picks*
While Washington has stressed that it a surprising one, given the lack of over- for free by email each
remains opposed to Nord Stream 2, the move lap between the two companies’ opera- week here
to waive further sanctions is a recognition tions. Cabot is a Marcellus shale-focused
that continued efforts to thwart the project gas driller, while Cimarex produces pre-
are futile. The Biden administration’s prior- dominantly tight oil, with its assets mainly
ity now is improving relations with Berlin, an located in the Permian Basin and the US
ardent supporter of Nord Stream 2. Mid-Continent.™

Week 21 26•May•2021 www. NEWSBASE .com P19