Page 18 - AfrOil Week 12 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global will go on to serve as vice president of Gazprom-
(NRG), in which the reader is invited to join our bank. Dmitry Khandoga, currently overseeing
team of international editors, as they provide a Gazprom’s international business, will become
snapshot of some of the key issues affecting their acting director-general of Gazprom Export.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Qilak LNG plans $5bn facility in
link for each section the full text will be available Alaska
as before. Qilak LNG has revealed that it aims to build a
4mn tonne per year LNG export terminal in
AsianOil: Petronas enjoys profit bump Alaska’s North Slope, to be completed by the
in first quarter end of the decade. The announcement from the
Malaysia’s Petronas has reported a 55% climb in company comes as large LNG importers in East
profits for the first quarter on the back of higher Asia look to wean themselves off gas from Russia
prices and increased sales volumes. However, the following that country’s invasion of Ukraine.
state-owned LNG exporter warned that prices
would be more subdued this year as a result of a LatAmOil: Pemex exploring options for
forecasted slowdown in the global economy. repaying debts in 2023-2024
Mexico’s national oil company Pemex is cur-
DMEA: Building begins on Shaheen rently exploring options for repaying its heavy
project load of debts that are due to mature in 2023
A ceremony has been held in Ulsan, South Korea, and 2024, according to the firm’s CEO, Octavio
to mark the start of work on the $7bn Shaheen Romero Oropeza. Romero told Reuters in an
integrated petrochemical plant in Onsan Indus- interview that the NOC might offer lenders
trial Complex. South Korea’s S-Oil Corp. plans to guarantees backed by crude oil but was consid-
start commercial operation of the plant in 2026. ering other possibilities too.
The facility will produce around 3.2mn tonnes
per year of petrochemical products including MEOG: IDC finishes East Baghdad well
ethylene, propylene benzene and butadiene from Iraqi Drilling Co. (IDC) has completed the drill-
feedstocks naphtha and off-gas. ing of a well at the East Baghdad oilfield, to the
south-east of the capital city. The company said
EurOil: INEOS, Wintershall Dea launch its technical and engineering teams had drilled
Greensand CCS project EBS-H-18 to a depth of 3,509 metres, noting that
European energy companies INEOS and Win- the well was the first of a 27-well drilling cam-
tershall Dea began injecting CO2 under the paign targeting the field for its Chinese operator
North Sea bed as part of Project Greensand on EBS – a local Iraqi subsidiary of China ZhenHua
March 8, with European Commission President Oil Co. Ltd, itself a subsidiary of state-owned
Ursula von der Leyen hailing the event as a mile- China North Industries Group (Norinco).
stone in the EU’s green transition. Project Green-
sand is Europe’s first operational cross-border NorthAmOil: ConocoPhillips’ Alaska
carbon capture and storage (CCS) initiative. Willow project gets green light
The Biden administration has approved a scaled-
FSU OGM: Head of Gazprom Export back version of ConocoPhillips’ $7bn Willow
steps down project in Alaska, the US Department of Inte-
Russia’s state-owned natural gas supplier Gaz- rior said on March 13. But as a compromise, the
prom has announced that Elena Burmistrova administration has at the same time put more of
is stepping down as head of its export arm and the US Arctic off-limits to oil and gas drilling. ™

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P18 www. NEWSBASE .com Week 12 23•March•2023