Page 17 - AfrOil Week 21 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global according to a report from Bloomberg. SCF, the
(NRG), in which the reader is invited to join our owner of the world’s largest fleet of mid-sized
team of international editors, as they provide a crude oil carriers, saw a large portion of its fleet
snapshot of some of the key issues affecting their go underutilised in the first two months after the
regional beats. We hope you will like NRG’s new outbreak of war in Ukraine.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Regas rates at Grain LNG reach
as before. record levels as European demand soars
The Grain LNG terminal in the UK posted
AsianOil: Australian election spells new record gas send-out levels in April, as high
uncertainty for oil and gas demand for gas from Europe pushed utilisation
Australia’s federal election, held on May 21, has rates up, with LNG tankers having arrived from
resulted in a change of government following eight new countries since January. The terminal
a victory by the Australian Labor Party (ALP). saw its highest ever utilisation rate in April, send-
The results were still being counted as of May ing out an average of 431 GWh per day, higher
24, and it was unclear whether the ALP would than the previous high of 412.2 GWh in April
have an outright majority in the House of 2021.
Representatives.
LatAmOil: Bolivian gas supply cuts may
DMEA: Nigeria’s grand refining plans lead Petrobras to import more LNG
Looking to support local communities, create Brazil’s national oil company Petrobras has
jobs, shelter the country from fuel market vola- said it may need to import more LNG due to
tility and wean itself off costly subsidies and fuel an unexpected cut in shipments of natural gas
imports, the Nigerian Content Development and from Bolivia. Petrobras noted that supply con-
Monitoring Board (NCDMB) has announced cerns had arisen as a consequence of the fact that
plans to increase refining capacity to 1.4mn YPFB, the Bolivian NOC, had reduced the vol-
barrels per day by 2027 from the current level of ume of gas flowing to Brazil by 30% this month.
around 16,000 bpd.
MEOG: Gas plans and oil discoveries
EurOil: Schroeder steps down as chairman Iran and Oman are resurrecting a project to
of Rosneft lay an underwater pipeline to transport gas to
Former German Chancellor Gerhard Schroeder Oman, according to Iran’s Oil Minister Javad
has resigned from the board of Russia’s state- Owji. Meanwhile, ADNOC has announced the
owned oil company Rosneft, days after the discovery of 650mn barrels of oil across three
German parliament voted to strip him of his oilfields in the Emirate.
taxpaper-funded office and staff. State-owned
Rosneft announced Schroeder’s departure from NorthAmOil: Centennial, Colgate in largest
the board on May 20. shale merger of 2022
Centennial Resource Development and Colgate
FSU OGM: Russian bookings generating Energy Partners III announced on May 19 that
new business for Sovcomflot they had agreed to combine in what the compa-
Russia’s state-owned tanker operator Sovcomflot nies described as a merger of equals. The $7.0bn
(SCF) is still attracting plenty of business, with a transaction values Colgate at roughly $3.9bn and
surge of recent bookings from Russian oil pro- consists of 269.3mn shares of Centennial stock,
ducers partially making up for the loss of West- $525mn in cash and the assumption of around
ern clients in the wake of the invasion of Ukraine, $1.4bn of Colgate’s outstanding net debt. ™

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Week 21 25•May•2022 www. NEWSBASE .com P17