Page 15 - NorthAmOil Week 14 2021

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global want to hire Germany’s Linde to work on a gas
(NRG), in which the reader is invited to join processing and LNG complex on the Baltic Sea,
our team of international editors, who provide a after cancelling a contract last month issued to
snapshot of some of the key issues affecting their Russian firm Nipigaz.
regional beats. We hope you will like NRG’s new Gazprom reported in late March that it had
concise format, but by clicking on the headline link agreed terms with Linde on an engineering, pro-
for each section the full text will be available as curement and site services (EPSS) contract for
before. the Ust-Luga facilities.

AfrOil: Lukoil rethinks Sangomar bid GLNG: LNG trade booms
Russia’s Lukoil has abandoned its attempt to The global LNG trade is booming. Last week it was
join RSSD, the joint venture set up to develop reported that deliveries of the super-chilled fuel
the Sangomar block offshore Senegal, through had grown the most in a year in March, as Asia
acquiring Australia’s FAR Ltd. Its decision came and Europe refilled inventories depleted over the
to light last week, when FAR said in a statement winter, and more countries bounced back from the
that the Russian company had opted not to sub- hit their economies took as a result of the corona-
mit a binding takeover offer ahead of a share- virus (COVID-19) pandemic.
holders meeting scheduled for April 15.
LatAmOil: Colombia’s progress on the
AsianOil: Australia’s “gas-led recovery” fracking front
faces industry pushback Colombia has taken another step down the road
The Australian upstream industry is once more towards development of its unconventional
pushing back at aspects of the federal govern- hydrocarbon resources, via the government’s
ment’s plans for a “gas-led recovery”. decision to grant provisional approval to the
The Australian Petroleum Production and Platero investigative project. According to Reu-
Exploration Association (APPEA) warned this ters, the South American country’s National
week that efforts to turn the Wallumbilla gas hub Hydrocarbons Agency (ANH) announced its
in Queensland into a US-style Henry Hub would decision last week, saying it expected to sign a
“backfire”. contract with ExxonMobil on April 8.

DMEA: Illegal refinery strike and Iraqi pro- MEOG: OPEC+ impact and Iran talks
tests Over the past week, the OPEC+ deal and the
Nigeria this week destroyed an illegal refinery in return of the US to Iran nuclear talks have
the Niger Delta, while protesters in Iraq blocked grabbed headlines as high-level strategy comes
entry to a downstream unit, causing a fuel short- to the fore.
age in the south of the country. A strike carried With OPEC and its partners announcing
out by Nigeria’s Security and Civil Defence that a further 1.15mn barrels per day of crude
Corps (NSCDC) saw the destruction of an ille- would be released to the market over the next
gal oil refinery south-west of Warri, where state- three months – as well as the 1mn bpd cut vol-
owned NNPC’s 125,000 barrel per day (bpd) untarily by Saudi Arabia – there are signs that the
unit remains shut for maintenance. Kingdom and its neighbour Kuwait will ramp up
efforts at their shared Partitioned Neutral Zone
Euroil: North Macedonia eyes role in Greek (PNZ).
LNG
Greek LNG developer Gastrade has tapped NorthAmOil: Another mega-deal for Pio-
another investor for its planned import facil- neer
ity in Alexandroupolis. The company said it Pioneer Natural Resources announced last week
had signed a preliminary agreement on trans- that it had struck a deal to buy DoublePoint
ferring a stake in itself to North Macedonian Energy for $6.4bn in cash and stock. The acqui-
gas distribution operator National Energy sition comes less than three months after the
Resources Skopje (NER AD). company closed its $4.5bn takeover of Parsley
Energy.
FSU OGM: Gazprom switches contractor at
Ust-Luga LNG scheme See the archive and sign up to receive NRG Editor’s
Russia’s Gazprom and Rusgazdobycha now Picks for free by email each week here.™

Week 14 08•April•2021 www. NEWSBASE .com P15