Page 19 - DMEA Week 15 2021

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global GLNG: India’s first FSRU arrives at Jaigarh
(NRG), in which the reader is invited to join India’s first floating storage and regasification
our team of international editors, who provide a unit (FSRU) has arrived in the country. The
snapshot of some of the key issues affecting their Höegh Giant sailed from Keppel Shipyard in Sin-
regional beats. We hope you will like NRG’s new gapore, berthing at H-Energy’s Jaigarh terminal
concise format, but by clicking on the headline in Maharashtra on April 12.
link for each section the full text will be available The FSRU has a storage capacity of 170,000
as before. cubic metres and installed regasification capac-
ity of 750mn cubic feet (21mn cubic metres) per
AfrOil: New deals clear the way for EACOP day.
The governments of Uganda and Tanzania have
joined representatives of France’s Total and LatAmOil: Argentina mulls price controls
China National Offshore Oil Corp. (CNOOC) in Argentina’s government is looking to estab-
finalising host government agreements (HGAs) lish long-time price controls for the domestic
for the East Africa Crude Oil Pipeline (EACOP) oil market, according to Production Minister
project. Matias Kulfas. The administration of President
Alberto Fernandez had included provisions for
AsianOil: Eni expands Vietnamese portfolio setting a floor and ceiling for domestic oil prices
Italian major Eni has closed its acquisition of Sin- into draft legislation designed to attract more
gaporean independent KrisEnergy’s 100% stake investment into the hydrocarbon sectors, Kulfas
in Block 115/09, which lies offshore Vietnam. told Bloomberg in an interview last week.
Eni said on April 12 that the acquisition fur-
ther strengthened its presence in the Southeast MEOG: Sealed deal and IPO plans
Asian country, “consolidating its position in the Aramco and ADNOC took centre stage this
recently discovered Ken Bau like play”, while week as a deal was finally agreed for the sale and
furthering its efforts to expand its Asian gas lease back of Saudi oil pipelines while the Emirati
portfolio. firm considers an IPO of its drilling arm.
The Saudi firm agreed a multi-billion-dollar
EurOil: Equinor backs first H2 power plant deal with a group of investors to sell and lease
Norwegian oil firm Equinor and UK utility back a stake in its oil pipelines business that val-
SSE have teamed up to develop what would be ues the newly formed Aramco Oil Pipelines Co.
the world’s first hydrogen-fired power plant in at around $25bn. Meanwhile, following the suc-
northern England. The UK government is push- cess of its own asset monetisation efforts in the
ing for large-scale hydrogen development as a last few years, ADNOC is considering listing its
means of decarbonising some of the country’s drilling arm on the local stock exchange.
most carbon-intensive industries.
NorthAmOil: A boost for Dakota Access
FSU OGM: Fossil fuel forecasts slashed The Dakota Access oil pipeline received a boost
Russia has slashed its forecasts for oil, gas and last week, when the administration of US Pres-
coal production in 2021 and 2022, taking into ident Joe Biden said it would not force the pipe-
account the pandemic’s impact, OPEC+ quotas line to be shut down while federal regulators
and lower commodity prices. carry out a new environmental review on the
The government now projects that oil output project. The fight over Dakota Access’ future
will reach 517mn tonnes (10.4mn barrels per continues, with opponents of the project await-
day), versus a previous projection of 11.25mn ing a court ruling that could still result in the
bpd. pipeline being shut down.™

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