Page 15 - AsianOil Week 18 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global signed a heads of agreement (HoA) that pro-
(NRG), in which the reader is invited to join vides for Total to buy a 10% stake in Arctic
our team of international editors, who provide a Transshipment, a wholly owned subsidiary of
snapshot of some of the key issues affecting their Novatek.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: AGL scraps Crib Point LNG
link for each section the full text will be available AUSTRALIA’S AGL Energy said this week that
as before. it was stopping development of its proposed Crib
Point LNG import project. The move is not a sur-
AfrOil: Uganda to tender service contracts prising one, as it comes around a month after the
UGANDAN authorities are gearing up to seek State of Victoria rejected the plan on concerns
contractors for infrastructure projects that will over its environmental impact.
support the country’s nascent oil industry later
this year. A representative of the Petroleum LatAmOil: Guyana to use new award model
Authority of Uganda (PAU) said last week that IRFAAN Ali, the president of Guyana, has
Kampala hoped to call the first set of tenders in announced plans to introduce a new model for
December. assigning oil blocks to investors. He explained
that his administration was moving away from
DMEA: Northern Gulf refinery progress direct negotiations with international oil compa-
BOTH Iran and Iraq announced progress on nies (IOCs) and would instead conduct licensing
strategic refining projects this week, with the rounds.
former closing in on completion of the gas refin-
ery dedicated to Phase 14 of the supergiant South MEOG: Basra in the crosshairs
Pars field and the latter expecting the Karbala IRAQ’S Oil Minister revealed this week that
refinery to be commissioned next year. state-owned Basra Oil Co. (BOC) is considering
picking up the 32.7% stake ExxonMobil is cur-
Euroil: Spirit, Neptune partner on Pegasus West rently looking to sell in the West Qurna-1 oil-
SPIRIT Energy and Neptune Energy have agreed field. Meanwhile, Basra Gas Co. (BGC) is also in
to partner on the development of the Pegasus line for a major project boost with the Ministry
West discovery in the UK’s Southern North Sea. of Oil (MoO) announcing plans to invest $3bn
This marks the end of a dispute between the in the company.
two companies over how the project should be
developed. NorthAmOil: Williston Basin assets sold
OASIS Petroleum announced this week that it
FSU OGM: Total eyes LNG transshipment had agreed to acquire Diamondback Energy’s
NOVATEK, Russia’s largest privately owned Williston Basin assets for $745mn. The news
producer of natural gas, is looking to sell a came days after Norway’s Equinor said it had
minority stake in its LNG transshipment unit completed its own sale of Williston Basin assets
to France’s Total. Last week, the two companies for $900mn.™

Week 18 06•May•2021 www. NEWSBASE .com P15