Page 15 - NorthAmOil Week 27 2021

NorthAmOil NEWSBASE ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global recovered in total during its lifetime.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSU OGM: Gazprom sends record
snapshot of some of the key issues affecting their volumes to Europe
regional beats. We hope you will like NRG’s new Russia’s Gazprom exported record volumes of
concise format, but by clicking on the headline gas to Europe during the first half of the year,
link for each section the full text will be available despite recent claims in the press that the com-
as before. pany has been withholding supply to jack up
prices. Gazprom’s supplies to non-CIS states
AfrOil: Nigeria passes PIB at long last Both were up 25.7% year on year at 99.9bn cubic
houses of Nigeria’s National Assembly voted metres, the company said.
on July 1 to pass the Petroleum Industry Bill
(PIB), which will serve as the country’s new oil GLNG: Crown LNG picks Aker for Indian
and gas law. The legislation will now be sent to project
President Muhammadu Buhari, who is expected Norway’s Crown LNG has picked compatriot
to sign it into law in the near future. Aker Solutions to serve as main contractor in the
development of an LNG terminal offshore the
AsianOil: Sacgasco expands into Indian state of Andhra Pradesh. Aker Solutions
Philippine upstream will first provide FEED services for the 7.2mn
Australian junior Sacgasco has expanded its tonne per year (tpy) LNG terminal, which will
upstream portfolio after acquiring interests in be located around 11 km offshore Kakinda City,
four licences offshore the Philippines from Thai before taking on the role as the project’s EPCIC
energy conglomerate Bangchak. Sacgasco said contractor once a final investment decision has
on July 5 that it had paid $1 for BCP Energy been made.
International (BCPEI), which owns Nido
Petroleum. LatAmOil: ExxonMobil drills dry hole at
Jabillo-1
DMEA: Pipeline promise in Africa ExxonMobil (US) has experienced a disappoint-
UK-registered Coven Energy has proposed the ment at Canje, a deepwater block offshore Guy-
construction of a $850mn fuel pipeline to pro- ana, as it did not find commercial quantities of
vide greater energy security to Zimbabwe, which hydrocarbons in the Jabillo-1 well. Canada’s Eco
is heavily reliant on the Beira-Feruka link. Mean- (Atlantic) Oil & Gas, an indirect shareholder in
while, the governor of Nigeria’s Edo State said the project, said the exploration well was able to
this week that the Edo Modular Refinery at test the designated target layers – namely, Upper
Ologbo would receive crude oil feedstock from Cretaceous reservoirs in a stratigraphic trap.
the Escravos pipeline 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
is arriving five years behind schedule and at bring about a significant increase in oil produc-
double its original cost. Equinor announced tion suffered another major setback this week
the launch on June 30, estimating that the North as the country’s oil minister said more IOCs are
Sea field would flow 115,000 barrels of oil equiv- keen to reduce their exposure or withdraw from
alent per day (boepd). Some 260mn boe will be Iraq. ™

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Week 27 08•July•2021 www. NEWSBASE .com P15