Page 19 - AfrOil Week 17 2021

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global of the Achimov layer of the giant Urengoy gas
(NRG), in which the reader is invited to join field in Western Siberia. Both gas and condensate
our team of international editors, who provide a are now flowing from the site, which is undergo-
snapshot of some of the key issues affecting their ing commissioning, Gazprom announced on
regional beats. We hope you will like NRG’s new April 21.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Philippines approves Vires
as before. Energy’s LNG-to-power project
The government of the Philippines has approved
AsianOil: Eni starts up Indonesian Vires Energy’s proposed LNG-to-power project.
deepwater gas field The Philippine Department of Energy (DoE)
Italian major Eni has started producing natural issued a “notice to proceed” (NTP) on April 22,
gas from its deepwater Merakes project in the which it said is the first step for a company seek-
East Sepinggan block offshore Indonesia. The ing to build an LNG terminal or other down-
company said on April 26 that the project had a stream gas project.
guaranteed production capacity of 450mn cubic
feet (12.74mn cubic metres) per day thanks to its LatAmOil: YPFB set to see revenues rise
five subsea wells. this year
Wilson Zelaya, the CEO of Bolivia’s national
DMEA: NNPC’s woes and Durban’s oil company (NOC) YPFB, has said that con-
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. During the period of July reported that YPFB was on track to see crude oil
2019 until January 2021, Nigeria’s four state- and natural gas revenues rise above $1.9bn this
owned facilities have had a utilisation rate of 0%, year, up by 35% on the 2020 figure.
costing NNPC more than $460mn. In South
Africa, the 120,000 bpd Durban oil refinery is to MEOG: Aramco assets and Iraqi talks on
be converted into an import terminal following Western Qurna-1
years of losses and a fire in December.. With Saudi Aramco having completed its
$12.4bn oil pipeline lease deal, reports have
EurOil: Barryroe farm-out falls through emerged that it will look to replicate the strat-
Irish juniors Providence Resources and Lans- egy on other assets, while in Iraq, the Ministry of
downe Oil & Gas have said they will proceed Oil (MoO) is racing to complete a deal to replace
with the development of Ireland’s largest oil dis- ExxonMobil in the West Qurna-1 consortium
covery on their own, after reporting that their while trying to reach a contractual agreement
third farm-out deal had collapsed. The pair had with Total on its mega deal.
hoped to farm out a 50% interest in the Barry-
roe oil and gas field in the Atlantic Ocean to NorthAmOil: Schlumberger predicts
Norway’s SpotOn Energy, under an agreement quicker recovery than before
reached in December. Oilfield services giant Schlumberger has revised
its projections for the pace of the oil and gas
FSU OGM: More Achimov gas comes on industry’s recovery. Schlumberger’s CEO, Oliv-
stream ier Le Peuch, said on the company’s earnings call
Russia’s Gazprom and Germany’s Wintershall last week that oil demand would reach pre-pan-
Dea have kicked off gas production at Block 5A demic levels by the end of 2022. ™

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Week 17 28•April•2021 www. NEWSBASE .com P19