Page 19 - EurOil Week 11 2023

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

PER-
NRG Welcome to NewsBase’s Oil & Gas Roundup operation agreement with the administration
Global (NRG), in which the reader is invited of the Krasnoyarsk region on developing
to join our team of international editors, who several gas blocks to underpin the LNG
provide a snapshot of some of the key issues project.
affecting their regional beats. We hope you
will like NRG's new concise format, but by GLNG: Australian LNG terminals export less
clicking on the headline link for each section in February as fears grow over short-term
the full text will be available as before. market intervention
Australia marked a banner year for liquefied
AfrOil: Shell strikes oil at Jonker-1X well off- natural gas (LNG) exports in 2022 as the
shore Namibia country was the global leader shipping 10.7bn
Shell (UK) has reportedly struck oil for the cubic feet (303mn cubic metres) per day of
third time at the PEL 39 deepwater licence the super-chilled fuel, nipping the US which
area in the Orange basin offshore Namibia, as exported 10.6 bcf (300 mcm) per day and
its partners in the project revealed on March 6 Qatar, which sent 10.5 bcf (297 mcm) per day
that a discovery had been made in the Jonker- abroad last year. It set a new record for exports
1X exploration well. The company announced for Australia as LNG facilities operated at 92%
its first find at the Graff field in early 2022, and of the nameplate capacity of 88.6mn tonnes
now its partners QatarEnergy and National per year.
Petroleum Corp. of Namibia (NAMCOR)
are reporting positive results from the Jonker LatAmOil: APA confident in potential of
field. Block 58 offshore Suriname
John Christmann, the president and CEO
AsianOil: Malaysian MP moots Petronas of US-based APA Corp., has expressed
IPO confidence in the hydrocarbon potential
An MP from Subang has recently proposed of Block 58 offshore Suriname, despite
the idea of a Petronas initial public uncertainty over when the block’s operator
offering (IPO), which could potentially TotalEnergies (France) might make a final
raise a significant amount of capital to investment decision (FID). According
pay down government debt and invest in to Christmann, Block 58’s reserves are
business expansion. Specifically, the MP, substantial, and Sapakara – the site of the
Wong Chen, suggested that the IPO could latest appraisal well, Sapakara South-2 – is
raise up to MYR300bn ($67.64bn), with a likely to underpin a future development
20% stake in the company sold to raise the project.
funds.
MEOG: TotalEnergies expands UAE portfolio
DMEA: Modular refinery expansion com- TotalEnergies has agreed to purchase the
plete upstream assets of Spanish firm CEPSA in
Nigeria’s ND Refineries Ltd reported this the UAE, while adding a stake in a Japanese-
week that it has completed mechanical led joint venture (JV) that operates other
construction of a fourth train at its Ogbele offshore assets. The assets to be acquired
modular refinery, raising production capacity include a 20% participating interest in the
to 14,000 barrels per day (bpd). It said the new Satah Al Razboot (SARB), Umm al-Lulu,
unit would be dedicated to the production of Bin Nasher and Al Bateel (SARB and
petrol for the domestic market. Local media Umm al-Lulu) offshore concession, and a
reported that the facility would be inaugurated 12.88% indirect interest in the Mubarraz
and brought into operation before the end of concession.
this year.
NorthAmOil: Canadian Natural Resources
FSUOGM: Gazprom Unveils $3bn East Si- reports record profits for 2022
berian LNG Project Canadian Natural Resources Ltd (CNRL)
Gazprom plans to develop a $3bn mid-sized has reported record full-year profits for
LNG export terminal in Eastern Siberia, as 2022 despite oil prices that decreased See the archive and
Russia scrambles to expand its liquefaction towards the end of the year from a 14-year- sign up to receive
capacity following the loss of most of its high. CNRL, Canada’s largest oil and gas *NRG Editor’s Picks*
European gas market share. producer, also faced extreme winter weather for free by email each
The state-owned gas exporter’s subsidiary in December that disrupted its production week here
Gazprom Nedra last week signed a co- in the oil sands.

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