Natural Gas Daily: September 22nd, 2020
ExxonMobil has invited bids for its UK North Sea oil and gas fields by October 28, Reuters reported on September 21 citing sources. Not part of the offer are its southern North Sea operations which are primarily gas.
Its Dutch production, managed by another JV with Shell, NAM, is losing its core money-spinner, the Groningen field which is being closed ahead of time.
The Dutch government said on September 21 that production at the giant Groningen field would be limited at 8.1bn m3 in the gas year starting October 1 2020, down from 11.8bn m3 in the previous 12 months.
This is 1.2bn m3 less supply than Dutch gas regulator SodM had forecast in June and much less than the recommended safe maximum of 12bn m³.
Production is due to end completely in mid-2022, but the government wants to keep some facilities on stand-by in case an extremely cold winter causes a spike in demand.
India’s LNG imports saw a 5.4% yr/yr growth in August to 2.97bn m3 (2mn metric tons), according to the data published by the Indian oil and gas ministry's PPAC on September 21. Imports were unchanged month on month.
India’s natural gas consumption during July was 4.41bn m³, down 8.1% yr/yr.
India’s LNG imports saw a 6% yr/yr growth in July to 2.96bn m3 (2mn metric tons), following a 7% decrease in June.
Egypt increased its gas production by 12.4% year on year to a record 7.2bn ft3/day in the 12 months ending June 30, the CEO of state-owned supplier Egas, Magdy Galal, said on September 20.
- Egyptian gas production began rising again in 2017 after the launch of the 30-trillion ft3 Zohr field by Italy's Eni, ending years of decline. Eni and its partners have found a number of other offshore fields since then – most recently one at the Abu Madi West lease in the Nile Delta.
General Electric announced on September 21 it would stop building new coal-fired power plants and focus more on cleaner sources of power instead, saying the decision was motivated by economics.
The company has recently won orders to supply generation equipment for a combined-cycle gas power unit in Russia's Tatarstan region and to provide five combined-cycle gas power units for two power plants in Taiwan.
Germany's Wintershall has hired the Deepsea Aberdeen semi-submersible rig from Norway's Odfjell Drilling to drill exploration and infill production wells on the Norwegian shelf, the companies said on September 21.
- Wintershall kept output stable in the second quarter of 2020, averaging 606,000 barrels of oil equivalent (boe)/day, compared with 614,000 boe/d in Q2 2020, it reported August 19.
- Last month, the company signed a memorandum of understanding with Algerian state producer Sonatrach that could lead to further co-operation upstream in Algeria and internationally.