Page 16 - MEOG Week 07 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global this week, after the White House warned that a
(NRG), in which the reader is invited to join Russian invasion of Ukraine could occur within
our team of international editors, who provide a days.
snapshot of some of the key issues affecting their The Biden administration’s national security
regional beats. advisor Jake Sullivan warned late on February
We hope you enjoy NRG’s new concise for- 11 that Russia could launch a military incursion
mat, but by clicking on the headline link for each “any day now” – possibly even before the Winter
section the full text will be available as before. Olympics in Beijing end.
AfrOil: TotalEnergies provides Moz clarity FSUOGM: Rosneft profits hit record
Patrick Pouyanné, the CEO of TotalEnergies Profits at Russia’s largest oil company Rosneft
(France), has qualified his recent statements surged to a record-high last year on the back of
about the possibility that work on the Mozam- rising oil and gas prices and economic recovery,
bique LNG project may resume before the end which more than offset the impact of OPEC+
of this year. restrictions.
Speaking with analysts during a quarterly The company, which accounts for 40% of Rus-
earnings call on February 10, Pouyanné stressed sian oil output, achieved a seven-fold increase in
that security conditions would determine when ruble terms in net profit to RUB883bn ($11.8bn),
work on Mozambique LNG, which was sus- while in US dollar terms, it rose almost sixfold
pended late last March, might resume. to $11.9bn.

AsianOil: Rig hired for Malaysian work GLNG: China seeks greater LNG role
Units of US independent ConocoPhillips have China is reportedly working to establish itself as
contracted Icon Offshore to provide a jack-up a major player in global LNG trading.
rig for a multi-well drilling campaign offshore The move comes around 20 years after the
Malaysia that is due to start in the second quar- country made a similar push into oil trading.
ter of this year.
According to a February 11 filing, Icon’s I LatAmOil: ExxonMobil launches Liza-2
Oilfield Services subsidiary was issued a letter of ExxonMobil (US) and its partners launched
award by two units collectively known as Cono- commercial operations at the Liza-2 oilfield
coPhillips Sarawak on December 23, 2021. offshore Guyana on February 11, marking the
start of their second development project at the
DMEA: Karbala progresses, Sapref shuts Stabroek block.
Iraq’s Karbala refinery is set to begin commis- The US super-major issued a statement
sioning on schedule in September before ramp- announcing first oil at Liza-2, saying that the
ing up to full capacity in 2023, according to the Liza Unity floating production, storage and
facility’s director. off-loading (FPSO) unit had come on stream.
Meanwhile, BP and Shell have announced
plans to suspend operations at the Sapref refin- NorthAmOil: Alberta’s tougher stance
ery indefinitely, saying they cannot commit The provincial government of Alberta is report-
to any further expenditures until they make a edly planning to toughen its greenhouse gas
decision on the fate of the plant, which they have emissions standards for oil sands mines.
been operating through a joint venture. The move would close a loophole that
allowed some of the highest-emissions facilities
EurOil: Gas prices bullish on Ukraine fears to claim millions of dollars’ worth of tradeable
TTF gas prices were bullish in early trading credits.).™

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