Page 14 - EurOil Week 02 2022

EurOil NEWSBASE’S ROUNDUP GLOBAL (NRG) EurOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global NRG GLNG: Novatek Signs Arctic LNG 2
(NRG), in which the reader is invited to join Supply Deals With Two Chinese Firms
our team of international editors, who provide Russia’s Novatek announced on January 11 that it
a snapshot of some of the key issues affecting had struck separate long-term supply agreements
their regional beats. We hope you will like with two Chinese companies – Zhejiang Provin-
NRG’s new concise format, but by clicking on cial Energy Group and ENN Natural Gas.
the headline link for each section the full text Both deals entail LNG being supplied from
will be available as before. Novatek’s Arctic LNG 2 project, which is under
construction and scheduled to start production
AfrOil: Five Nigerian Firms May Bid For in 2023.
Shell’s SPDC Stake
Five Nigerian independents have shown inter- LatAmOil: Ecuador Lifts Force Majeure
est in joining Shell Petroleum Development Co. The government of Ecuador has lifted a decla-
(SPDC), a joint venture that operates 19 onshore ration of force majeure on exports of crude via
oil and gas licences in the southern part of the the country’s two main pipeline systems, the
country. Trans-Ecuadorian Oil Pipeline System (SOTE)
Industry and banking sources told Reuters last and privately-owned Heavy Crude Pipeline
week that at least five Nigerian independents (OCP).
have indicated that they will submit offers for Energy Minister Juan Carlos Bermeo made a
Royal Dutch Shell’s 30% stake in SPDC before formal announcement on Quito’s move to end
the end of January. force majeure on January 6, saying that the oil
industry had taken sufficient action to mitigate
AsianOil: Bohai Overtakes Daqing As Chi- the threat of soil erosion that led to a 20-day shut-
na’s Largest Oilfield down in December
The Bohai cluster offshore China has overtaken
Daqing to become the country’s largest pro- MEOG: INOC To Take The Reigns
ducing oilfield. According to state news agency In this week’s MEOG, we look at Iraq’s plans
Xinhua, output from Bohai hit 30.132mn tonnes to take control at another major southern
(602,640 barrels per day, or bpd) in 2021, edging oilfield as it also works to increase oil export
out the onshore Daqing, which produced 30mn capabilities.
tonnes (600,000 bpd) last year. The country’s Ministry of Oil (MoO) last
week said that the recently re-established Iraqi
DMEA: Refining In Sight At Cabinda National Oil Co. (INOC) would take control of
This week, DMEA looks at refining progress ExxonMobil’s stake in the West Qurna-1 (WQ-
in Angola and efforts by Aramco’s oil pipeline 1) oilfield. I
investors to refinance their $10.8bn loan.
The first of Angola’s three planned refineries is NorthAmOil: Enterprise To Buy Navitas For
set to begin operations this year, following a $3.3bn
final investment decision (FID) by its British Enterprise Products Partners announced this
backer in late 2020. week that it had agreed to acquire Navitas Mid-
stream Partners from an affiliate of Warburg Pin-
FSUOGM: Kazakhstan Rolls Back Reforms cus for $3.25bn.
Amid Unrest The deal will expand Enterprise’s presence into
Kazakhstan has reimposed fuel price caps fol- the Permian Basin’s Midland sub-basin, where
lowing its worst unrest since declaring inde- the company does not currently have gas or nat-
pendence in the early 1990s to a bid to quell ural gas liquids (NGLs) operations other than
protests. downstream pipelines.
Anti-government protests and subsequent
riots have swept across the Central Asian coun- See the archive and sign up to receive NRG
try in recent days in response to a hike in fuel Editor’s Picks for free by email each week
prices, namely for LPG. here.™

P14 www. NEWSBASE .com Week 02 13•January•2022