Global Strategic Resources News

The most relevant news in a synthetic and organized way, allowing to detect perspectives and trends in just a few minutes.

November 2020

Just the essential

MIDDLE EAST

  • MIDDLE EAST: The Middle East remains in the zone of strategic interests of Russian Gazprom Neft, who announced is still interested in development on the market of the Iraqi Kurdistan.

SOURCE: TASS

MIDDLE EAST

  • MIDDLE EAST: BP said it will invest more money in Middle Eastern oil and natural-gas fields. The company is a major producer in countries such as Iraq, the United Arab Emirates and Oman. In Abu Dhabi, BP is working with government-owned producer Adnoc to boost the capacity of onshore oil fields. It also aims to extract gas from the emirate’s Bad field.

SOURCE: RIGZONE

MIDDLE EAST

  • IRAQ: China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq (West Qurna 1 field). The oilfield is one of the world’s largests.

SOURCE: WORLD OIL

MIDDLE EAST

  • IRAQ: Iraq has renewed its invitation to Saudi companies to invest in the country’s oil and gas sector. This year Iraq announced that it had agreed to allow Saudi companies to invest in its western Akkas gas field, Iraq’s largest gas field, located near the Syrian border.

SOURCE: MEED

MIDDLE EAST

  • EGYPT/IRAQ: Egypt and Iraq signed agreements to enhance bilateral ties including oil and water resources. One of the agreements was an oil-for-reconstruction deal, in which Egyptian companies would carry out development projects in return for oil, Iraq’s main natural resource.

SOURCE: MIDDLE EAST MONITOR

MIDDLE EAST

  • SYRIA: The United States imposed new sanctions targeting Syria’s oil sector. Warned Assad regime to take irreversible steps toward a peaceful resolution or face further crippling sanctions.

SOURCE: DAILY SABAH

MIDDLE EAST

  • SAUDI ARABIA/CHINA: Saudi Aramco wants to sell natural gas to China. The Saudis, who have fought to remain among China’s largest crude suppliers, are looking at options to develop and supply energy sources to broaden their relationship with China.

SOURCE: BLOOMBERG


EUROPE

  • NORD STREAM 2: Sanctions that could hinder one of Russia’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill. The Trump administration and lawmakers from both parties believe the pipeline would strengthen President Vladimir Putin’s economic and political influence over Europe. The Trump administration also supports boosting exports of liquefied natural gas to Europe.

SOURCE: HARTENERGY

EUROPE

  • NORD STREAM 2: Norwegian-German certification firm DNV GL will no longer provide services to the Nord Stream 2 pipeline project following the US State Department’s sanctions.

SOURCE: SPUTNIK


EURASIA

  • SAUDI ARABIA-RUSSIA-CHINA: Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year.

SOURCE: CYPRUS MAIL

EURASIA

  • AZERBAIJAN:  Azerbaijan’s recent military and political victory will ensure the stability of supply to European and other consumers as security of oil and gas supply, said Azerbaijan’s Minister of Energy. It will also ensure security of regional and global energy projects.

SOURCE: TREND AZ

EURASIA

  • CHINA: China approves four coal mine projects in western Xinjiang region to ensure energy supply.

SOURCE: REUTERS

EURASIA

  • RUSSIA: Russian Gazprom Neft lays out seismic plans for Arctic block with huge oil and gas potential. Together with other Russian oil producers, prepares to increase exploration in the zone.

SOURCE: UPSTREAM

EURASIA

  • RUSSIA-BELARUS: Russia and Belarus discussed prospects of interaction in the fuel and energy sector in 2021. They started working out the redirection of petroleum products deliveries from Lithuanian to Russian ports.

SOURCE: TASS


SOUTH ASIA

  • INDIA: Petrobras has started hunting for new clients in India, as it moves to diversify its buyer mix and minimize its dependence on China.

SOURCE: REUTERS

SOUTH ASIA

  • PAKISTAN: Pakistan and Russia have signed a revised deal for laying the Pakistan Stream Gas Pipeline (formerly known as the North South Gas Pipeline).

SOURCE: TRIBUNE


ASIA PACIFIC

  • CHINA: China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure. Meanwhile, China is set to increase its natural gas imports from Russia as Russian gas giant Gazprom has started constructing the extension of its gas pipeline to China,

SOURCE: RT

ASIA PACIFIC

  • PHILIPPINES: The Philippines said oil exploration in the disputed South China Sea can proceed without China, in what could be a further sign of the Southeast Asian nation’s tougher stance against Beijing. Philippines has recently toughened his stance against China and leaned back toward the United States. China will likely block new exploration in contested waters, as shown in recent disputes with Vietnam and Malaysia.

SOURCE: WORLD OIL

ASIA PACIFIC

  • AUSTRALIA/CHINA: Woodside Petroleum (Australian petroleum exploration and production company) shelved talks to sell stakes in a gas field and liquefied natural gas (LNG) project to Chinese companies because of a growing diplomatic row between Australia and China.

SOURCE: REUTERS


AFRICA

  • REGIONAL: China’s national oil companies are investing heavily in the exploration and production of oil and gas supplies in Africa. China is pouring considerably more cash into the African continent’s energy sector than into its other energy investment projects in the Americas.

SOURCE: OIL PRICE

AFRICA

  • CHINA`S COMPANIES: Nigeria’s energy sector is about to receive a major boost from huge investment decisions from China, which is eyeing key exploration operations in the oil and gas sector in Africa. China will also spend considerable fund in Angola, Uganda and Mozambique.

SOURCE: ENERGY MIX

AFRICA

  • NIGERIA: Major oil companies have asked local authorities to boost surveillance on oil-producing and oil and infrastructure assets in Nigeria amid escalating protests against police brutality and plans for oil job cuts.

SOURCE: OIL PRICE

AFRICA

  • ETHIOPIA: Egypt, Ethiopia and Sudan have once again failed to agree on a new negotiating approach to resolve their years-long dispute over the controversial dam that Ethiopia is building on the Blue Nile River (to become the world’s longest and a lifeline supplying water and electricity to the 10 countries it traverses).

SOURCE: ZBC NEWS

AFRICA

  • LYBIA: French Total plans to increase its investments in Libya’s oil industry.

SOURCE: OIL PRICE


SOUTH AMERICA

  • VENEZUELA: PDVSA visited Russia to “deepen strategic alliances”. Russia has been one of Venezuela’s top commercial allies since Washington sanctioned PDVSA last year as part of its bid to oust socialist President Nicolas Maduro.

SOURCE: REUTERS

 

SOUTH AMERICA

  • VENEZUELA-CHINA: China ratified to continue its cooperation with Venezuela although the United States threatened to sanction countries and companies that do business with the South American country in the oil sector. The state-owned oil company Petroleos de Venezuela resumed crude oil shipments to China, after a halt started in August 2019 due to US sanctions.

SOURCE: PLENGLISH