Page 16 - NorthAmOil Week 05 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global of oil equivalent per day by 2025, the company’s
(NRG), in which the reader is invited to join CEO Alexander Dyukov announced last week,
our team of international editors, who provide a which would put it on a faster growth trajectory
snapshot of some of the key issues affecting their than any of its peers. The oil arm of state-owned
regional beats. We hope you will like NRG’s new Gazprom said in mid-December that it would
concise format, but by clicking on the headline link reach its long-held goal of producing 2mn boepd
for each section the full text will be available as of oil and gas by the end of last year.
before.
GLNG: Gastrade reaches FID on Alexan-
AfrOil: TotalEnergies hopes to resume Mo- droupolis LNG
zambique LNG project in 2022 Greece’s Gastrade announced on January 28
Patrick Pouyanné, the CEO of TotalEner- that it had made a final investment decision on
gies (France), hopes to see work on the $20bn the Alexandroupolis LNG import terminal. The
Mozambique LNG project resume before floating LNG project, off the coast of Alexan-
the end of this year. Speaking during a visit to droupolis, will have the capacity to import up
Maputo on January 31, Pouyanné stressed that to 5.5bn cubic metres per year of gas. It will be
the French major was still waiting for security Greece’s second LNG import terminal.
conditions to improve in Cabo Delgado Prov-
ince, where the Mozambique LNG consortium LatAmOil: Peru bars Repsol from unloading
has already begun building its onshore complex. oil at La Pampilla
Peru’s Environment Minister Ruben Ramirez
AsianOil: Malaysia launches 2022 licens- said on January 31 that Repsol (Spain) would not
ing round be permitted to take delivery of feedstock for its
Malaysia’s state-owned Petronas launched the La Pampilla refinery until it could provide ade-
country’s 2022 licensing round on January 27. quate technical guarantees with respect to its abil-
Under the Malaysia Bid Round 2022, 14 explo- ity to handle oil spills. Ramirez declared that the
ration blocks, six clusters of discovered resource Spanish company was already performing inad-
opportunities and one cluster of late-life assets equately, as evidenced by the spill that occurred
are on offer. at one of the four moorings it operates at La Pam-
pilla on January 15.
DMEA: Going in circles
In DMEA this week, we look at the certification MEOG: Kuwait keeps moving upstream
of a circular methanol unit in Saudi Arabia and This week’s MEOG looks at the various pro-
the news that Nigeria’s state oil firm’s project jects under development by Kuwait as it seeks
to rehabilitate its refineries is behind schedule. to achieve lofty oil production capacity targets.
Saudi Arabia’s National Methanol Co. (Ibn Sina) State-owned Kuwait Oil Co. (KOC) is expected
has received accreditation for circular methanol to issue tenders for high-pressure water injec-
production by the International Sustainability tion to increase oil production from northern
and Carbon Certification (ISCC). Meanwhile, oilfields. Meanwhile, a group of officials from
Nigerian National Petroleum Corp. (NNPC) Kuwait and Saudi Arabia met this week to hold
has said that its effort to rehabilitate Port Har- talks about the future development of oil projects
court Refining Co. (PHRC) is running behind in their shared Partitioned Neutral Zone.
schedule.
NorthAmOil: ConocoPhillips to sell certain
EurOil: more Hammerfest LNG delays Permian assets to Maverick
Equinor has warned of a further delay in the US-based ConocoPhillips has agreed to sell
restart of the Hammerfest LNG plant in Nor- certain assets in the Permian Basin to privately
way’s far north, dashing hopes that the terminal owned Maverick Natural Resources for $440mn.
would help ease supply constraints in Europe The producing assets are located in the Permi-
at the tail-end of winter. Hammerfest LNG had an’s Central Basin Platform and Northwest
to be closed in September 2020 after a serious Shelf areas, spanning roughly 144,500 net acres
fire tore through the facility, requiring extensive (585 square km) across Texas’ Andrews and
repairs and reconstruction. Ector counties and New Mexico’s Eddy and Lea
counties.
FSUOGM: Gazprom Neft to lead Russian
output growth See the archive and sign up to receive NRG Editor’s
Gazprom Neft aims to be producing 3mn barrels Picks for free by email each week here.™

P16 www. NEWSBASE .com Week 05 03•February•2022