Page 15 - NorthAmOil Week 05 2023

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global quarter of 2022 decreased at a slower pace year
(NRG), in which the reader is invited to join on year, the Central Bank of Russia reported on
our team of international editors, who provide a January 26. The positive change was driven by
snapshot of some of the key issues affecting their the reorientation of imports to countries that
regional beats. We hope you will like NRG’s new had not introduced sanctions against Russia and
concise format, but by clicking on the headline link by the expansion of parallel imports, the CBR
for each section the full text will be available as said in a report.
before.
GLNG: Third floating LNG terminal arrives
AfrOil: Reports surface of new Shell discov- in Germany as it continues diversifying en-
ery offshore Namibia ergy supply
Shell (UK) has made a new discovery in the Germany received the Hoegh Gannet floating
Orange Basin offshore Namibia, according to a storage and regasification unit on January 20 at
report from Upstream Online. Three informed its Brunsbuettel Elbehafen port near Hamburg.
sources told the publication that the multi-na- It marks the third floating LNG terminal to start
tional had found hydrocarbons in Jonker-1, a up in recent weeks as the country continues its
well drilled at Block 2913A. shift away from Russian gas.

AsianOil: Santos suffers further delays at LatAmOil: T&T wins two-year waiver for
Barossa project joint gas project with Venezuela
Australia’s Santos has suffered more delays at its Keith Rowley, the prime minister of Trinidad
$3.6bn Barossa gas project in the country’s north, and Tobago, revealed that US authorities have
after a regulator instructed the company to assess agreed to let his country proceed with the devel-
environmental risks to underwater indigenous opment of Dragon, a natural gas field offshore
cultural heritage before commencing pipeline Venezuela. Some sources have reported that
construction. Australia’s offshore regulator Venezuela’s national oil company PdVSA will
announced the requirement on January 13. It serve as operator of the project, which targets a
follows a court order made in December, which section of the maritime boundary line between
stated that Santos must consult indigenous peo- Trinidad and Tobago and Venezuela.
ple on the Tiwi Lands regarding the environ-
mental impact of the project’s drilling plan. MEOG: OQ outlines plans for Abraj IPO
Omani state oil firm OQ this week disclosed its
DMEA: Uganda to take Hoima FID in June plans to sell up to 49% of its Abraj Energy Ser-
Uganda’s planned 60,000 barrel per day refinery vices drilling arm in an initial public offering
at Kabale in Hoima district is expected to begin on the Muscat Securities Market (MSX). Docu-
production by 2025, pending a final invest- ments posted on the Abraj website said that the
ment decision to be made in June. The project is subscription period would begin in February
expected to cost around $4bn, but a more precise ahead of a March listing, with Bloomberg report-
figure will be provided during the decision-mak- ing in September that such a move could raise up
ing process. to $500mn.

EurOil: Europe ramps up gas withdrawals NorthAmOil: Hess to focus in 2023 on
European gas consumers sharply increased gas Bakken shale play
withdrawals from storage facilities at the end of Hess Corp. will focus more than 80% of a $3.7bn
January, more than tripling them versus the level capital and exploratory budget in 2023 on a four-
in the first half of the month, according to data rig drilling programme in the Bakken shale, and
published by Gas Infrastructure Europe (GIE). also on development in Guyana. Net production
In the January 19-25 period, average gas with- in the Bakken, in North Dakota, is forecast to
drawals in the EU reached 693mn cubic metres average 165,000-170,000 barrels of oil equivalent
per year, according to GIE. per day, said the New York-based exploration
and production company.
FSUOGM: Russia’s current account sur-
plus falls by $16bn to $31bn in 4Q22 See the archive and sign up to receive NRG Editor’s
The value of imports into Russia in the fourth Picks for free by email each week here.™

Week 05 02•February•2023 www. NEWSBASE .com P15