Page 18 - DMEA Week 11 2023

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

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

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P18 www. NEWSBASE .com Week 11 16•March•2023