Page 18 - FSUOGM Week 07 2021

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global divestments and natural decline. It also
(NRG), in which the reader is invited to join intends to boost LNG exports by a further
our team of international editors, who provide a 7mn tonnes per year by 2050, from the cur-
snapshot of some of the key issues affecting their rent 33.3mn tpy.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Corpus Christi Train 3 ready to enter
link for each section the full text will be available service
as before. Cheniere Energy has asked the US Federal
Energy Regulatory Commission (FERC) for
AfrOil: Forward movement in Uganda permission to put the third train at the Cor-
In East Africa, Uganda’s government is turning pus Christi LNG export terminal in Texas into
its attention to plans for extracting and exporting service.
crude oil from fields near Lake Albert. Robert The train has already been operating in test
Kasande, the permanent secretary of the Min- mode for several months, and the commission-
istry of Energy and Mineral Development, says ing cargo was loaded in December. In its filing
he expects France’s Total and China National last week, Cheniere asked the FERC to approve
Offshore Oil Corp. (CNOOC) to make a final its request as soon as possible, and no later than
investment decision (FID) on the project by the March 12.
middle of March.
LatAmOil: Production and elections
AsianOil: Petronas starts up second FLNG Production levels are on the rise in Argentina’s
facility Vaca Muerta shale basin, largely because devel-
Malaysia’s state-owned Petronas has started pro- opers are focusing more intently on unconven-
duction at its second floating liquefied natural tional oil production. Emilio Apud, the country’s
gas (FLNG) facility, which is moored offshore former energy secretary, has told Reuters that
Sabah State. higher oil prices and a domestic gas price freeze
The major said on February 15 that PFLNG led upstream operators to make the switch.
DUA had produced and liquefied its first gas
from the deepwater Rotan field, which lies 140 MEOG: ADNOC block and Turkish pursuit
km off Kota Kinabalu, on February 6. Activities in the Middle East oil and gas sector
over the last week were highlighted by another
DMEA: Qatar bucks trend with $29bn LNG block award in Abu Dhabi and efforts by Turkish
expansion Petroleum Corp. (TPAO) to secure a partner for
LNG frontrunner Qatar has signed off on a the development of its major Black Sea gas field.
$29bn expansion of its liquefaction capacity, at a As part of its second competitive bid round,
time when most other suppliers are holding back Abu Dhabi National Oil Co. (ADNOC) awarded
on new investments. Offshore Block 4 to Cosmo Energy of Japan. The
State-owned Qatar Petroleum (QP) took a company is already the majority owner of the
final investment decision (FID) on February 8 Abu Dhabi Oil Co. (ADOC) which holds the
on North Field East (NFE), which will expand emirate’s sole upstream concession in Abu Dhabi
Qatar’s LNG production capacity from 77mn to to be wholly owned by foreign shareholders.
110mn tonnes per year (tpy).
NorthAmOil: Freezing US weather disrupts
Euroil: Shell doubles down on zero-carbon Texas production, refining
drive Below-freezing weather is disrupting both
Royal Dutch Shell has announced a new strategy upstream and downstream operations in the
that puts more emphasis on reaching its net-zero US. The extreme cold is proving particularly
2050 target. But while the major plans to wind troublesome in states such as Texas, which are
down its oil business steadily over the coming unaccustomed to such weather.
years and decades, it is targeting a 20% growth Oil production in the Permian Basin, which
in LNG production by 2025. straddles Texas and New Mexico, was reported
Shell sees its oil output gradually dimin- to have fallen by around 1mn barrels per day
ishing by 1-2% each year, as a result of (bpd) on February 15 as a result of the freeze.™

P18 www. NEWSBASE .com Week 07 17•February•2021