Page 4 - GLNG Week 01 2021
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GLNG                          NEWSBASE’S ROUNDUP GLOBAL (NRG)                                          GLNG












































       NRG: Energy markets edge





       cautiously into a new year





       Concerns about energy demand and OPEC+ production quotas continue

       to exert pressure on oil prices, despite the debut of the COVID-19 vaccine




        NRG              WELCOME to the latest edition of NewsBase’s  licensing rounds, while Iraq’s government has
                         Roundup Global (NRG), in which our team of  passed a budget for 2021 and Europe has marked
                         international editors provide you with a snap-  the launch of two new import routes for natural
                         shot of some of the key issues affecting their  gas. But on a less optimistic note, unrest in Mozam-
                         regional beats. Get the NRG Oil & Gas Editor’s  bique is posing risks for LNG projects, and Ethiopia
                         Picks to your inbox every week for free. Just sign  is scrapping a controversial $3.6bn gas-to-liquids
                         up here.                             (GTL) deal with a US-based company. Meanwhile,
                           Global oil and gas markets entered 2021 on a  BP and its partners have drilled a dry hole offshore
                         cautious note, driven by concern over the possibil-  West Australia.
                         ity that new lockdowns to combat the coronavirus
                         (COVID-19) pandemic might dampen energy  AfrOil: Bidding rounds move ahead
                         demand and by disputes between members of the  The two largest oil-producing countries in Africa
                         OPEC+ group over the question of when to lift   are focusing on licensing rounds.
                         crude production quotas. Nevertheless, bearish   In Nigeria, the Department of Petroleum
                         sentiments have not been overly strong, as the roll-  Resources (DPR) is preparing to move on to the
                         out of the COVID-19 vaccine has helped fuel opti-  next stage of its Marginal Oilfield Bid Round. Paul
                         mism about the prospects for economic recovery.  Osu, the DPR’s head of public affairs, said at the end
                           Industry developments have also been a mixed  of December that 161 of the 600-plus companies
                         bag. On the positive side, Africa’s two largest  that had applied for pre-qualification to participate
                         oil-producing states are moving ahead with new  had been shortlisted.



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