Page 15 - GLNG Week 06 2021

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global large but mature Priobskoye oilfield in Western
(NRG), in which the reader is invited to join Siberia.
Sign up to NRG Editor’s our team of international editors, who provide a Output at the Soviet-era Priobskoye field
Picks for free here snapshot of some of the key issues affecting their peaked at 33.8mn tonnes (679,000 barrels per
regional beats. We hope you will like NRG’s new day) in 2009 and has been declining ever since,
concise format, but by clicking on the headline link dropping to 480,000 bpd in 2019. Even so, it still
for each section the full text will be available as accounts for roughly 5% of Russia’s national oil
before. output.

AfrOil: Nigeria vs. IOCs GLNG: Imports up for PGNiG, FID for Qa-
Nigeria’s national oil company (NOC) has tar
begun re-negotiating the terms of its com- Poland’s PGNiG said last week that its LNG
mercial contracts with a number of interna- imports rose 10% in 2020 to reach 3.76bn cubic
tional majors. metres. This comes as the country continues
Mele Kyari, the group managing director of to buy natural gas from Russia, but is trying to
Nigerian National Petroleum Corp. (NNPC), said diversify its sources of supply ahead of the expiry
last week that the NOC had taken this step in order of a contract with Russia’s Gazprom in 2022.
to ensure that oil and gas projects would continue
to attract investment. Latin America: AMLO’s policy considera-
tions
AsianOil: CNOOC Ltd aims to boost pro- Mexico’s presidential administration suffered
duction this year a setback last week, when the Supreme Court
State-run Chinese offshore developer CNOOC rejected proposed regulatory changes put for-
Ltd has announced plans to boost its oil and gas ward by the Secretariat of Energy (SENER).
production by 3-5% this year as it seeks to bring The court ruled against SENER on the
on stream several new fields both at home and grounds that its plans for offering preferential
abroad. treatment to CFE, the national electricity pro-
The listed arm of state-owned China National vider, would inhibit competition and complicate
Offshore Oil Corp. (CNOOC) aims to produce efforts to reduce emissions.
545-555mn barrels of oil equivalent in 2021, up
from a projected 528mn boe in 2020, the com- MEOG: Updates abound
pany said in a February 4 filing to the Hong Kong Iran, Oman and Kuwait grabbed the head-
Stock Exchange (HKEx). lines in the Middle East over the last week
with a string of significant announcements
DMEA: Ethiopia to improve fuel distribu- on project progress and contract awards.
tion Foremost of these was the announcement
Ethiopia launched construction on February 1 from Tehran that it will soon complete the up-
of a Chinese-backed railway project expected to and downstream phases of the supergiant South
improve fuel distribution across the country. Pars offshore gas field, while the country’s oil
The railway will run from Djibouti, where minister stated that nationwide gas output has
fuel is imported, to the central Ethiopian town reached a record level of 1.04bn cubic metres per
of Awash. The project’s contractor, China Civil day, with around 700mn cubic metres per day
Engineering Construction Corp. (CCECC), is coming from South Pars alone.
set to finish construction in nine to 12 months.
NorthAmOil: ConocoPhillips in court over
EurOil: Norway hails first 2021 find Willow construction
Norway has hailed its first oil and gas discovery This week, a court has temporarily delayed the
of 2021, near the Troll gas field in the North start of winter construction at ConocoPhillips’
Sea. Willow project in Alaska. US District Judge Sha-
The Rover North find was made by state- ron Gleason said in a decision on February 6 that
owned Equinor and its partners DNO, Welles- she would temporarily prevent ConocoPhillips
ley Petroleum and Petoro at production licence from opening a gravel mine or building a gravel
(PL) 923, the Norwegian Petroleum Directorate road at the Willow site. This came after conser-
(NPD) said on February 5. vation groups appealed against her February 1
decision allowing the work to go ahead.
FSU: Rosneft scores more tax breaks Gleason’s latest decision said a “brief and
Russia’s state oil producer Rosneft has signed limited” injunction to prevent the work was
an investment deal worth up to RUB46bn warranted. It will be in place until February 20,
($617mn) annually with the country’s natural or until the Ninth Circuit Court rules on the
resources ministry, covering incentives at the request, she added.™

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