Page 17 - AsianOil Week 17 2021

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

This week’s top stories...

NRG Welcome to NewsBase’s Roundup Global FSU OGM: More Achimov gas on stream
(NRG), in which the reader is invited to join RUSSIA’S Gazprom and Germany’s Wintershall
our team of international editors, who provide a Dea have kicked off gas production at Block 5A of
snapshot of some of the key issues affecting their the Achimov layer of the giant Urengoy gas field in
regional beats. We hope you will like NRG's new Western Siberia. Both gas and condensate are now
concise format, but by clicking on the headline flowing from the site, which is undergoing com-
link for each section the full text will be available missioning, Gazprom announced on April 21.
as before.
GLNG: Philippines OKs LNG-to-power project
AfrOil: Total in Mozambique LNG force majeure THE government of the Philippines has
FRANCE’S Total has issued a declaration of approved Vires Energy’s proposed LNG-to-
force majeure on the Mozambique LNG project, power project. The Philippine Department
citing unfavourable security conditions in Cabo of Energy (DoE) issued a “notice to proceed”
Delgado, Mozambique’s northernmost prov- (NTP) on April 22, which it said is the first step
ince. In a statement published earlier this week, for a company seeking to build an LNG terminal
the company confirmed that it had withdrawn or other downstream gas project.
all project personnel from the construction site
where it is building an onshore complex and LatAmOil: YPFB revenues to rise this year
LNG plant. WILSON Zelaya, the CEO of Bolivia’s national
oil company (NOC) YPFB, has said that con-
DMEA: NNPC’s woes, Durban’s terminal plan ditions are improving in his country’s hydro-
IN Nigeria this week, NNPC released data show- carbon sector. Speaking during the 2021 Initial
ing that its refineries have been shut in for 19 Public Accountability Hearing last week, Zelaya
consecutive months, while South Africa’s oldest reported that YPFB was on track to see crude oil
refinery is to be converted into a fuel import ter- and natural gas revenues rise above $1.9bn this
minal. During the period of July 2019 until Jan- year, up by 35% on the 2020 figure.
uary 2021, Nigeria’s four state-owned facilities
have had a utilisation rate of 0%, costing NNPC MEOG: Aramco assets, Iraqi talks
more than $460mn. In South Africa, the 120,000 WITH Saudi Aramco having completed its $12.4bn
bpd Durban oil refinery is to be converted into oil pipeline lease deal, reports have emerged that it will
an import terminal following years of losses and look to replicate the strategy on other assets, while in
a fire in December. Iraq, the Ministry of Oil (MoO) is racing to complete a
deal to replace ExxonMobil in the West Qurna-1 con-
Euroil: Third Barryroe farm-out falls through sortium while trying to reach a contractual agreement
IRISH juniors Providence Resources and Lans- with Total on its mega deal.
downe Oil & Gas have said they will proceed
with the development of Ireland’s largest oil dis- NorthAmOil: Schlumberger recovery prediction
covery on their own, after reporting that their OILFIELD services giant Schlumberger has
third farm-out deal had collapsed. The pair had revised its projections for the pace of the oil and
hoped to farm out a 50% interest in the Barry- gas industry’s recovery. Schlumberger’s CEO,
roe oil and gas field in the Atlantic Ocean to Olivier Le Peuch, said on the company’s earn-
Norway’s SpotOn Energy, under an agreement ings call last week that oil demand would reach
reached in December. pre-pandemic levels by the end of 2022.™

Week 17 29•April•2021 www. NEWSBASE .com P17