Page 13 - NorthAmOil Week 25 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Novatek head downplays con-
(NRG), in which the reader is invited to join cerns of Arctic LNG-2 launch delays
our team of international editors, who provide a Novatek CEO Leonid Mikhelson sought to
snapshot of some of the key issues affecting their downplay concerns about delays at the compa-
regional beats. We hope you will like NRG’s new ny’s Arctic LNG-2 project at the St Petersburg
concise format, but by clicking on the headline link International Economic Forum last week, not-
for each section the full text will be available as ing that while there were “many problems, we
before. strive to meet the 2023 deadline.” Mikhelson
had warned at a shareholders’ meeting in April
AfrOil: First gas loaded into Coral Sul FLNG that the project, which at full capacity will pro-
The Coral South LNG consortium is on track to duce 19.8mn tonnes per year of LNG, might
begin producing LNG on schedule in the second have its schedule revised because of Western
half of 2022, as it has begun loading natural gas sanctions.
into the Coral Sul floating LNG (FLNG) vessel
installed at Area 4 offshore Mozambique. Eni, GLNG: QatarEnergy adds more JVs for NFE
the operator of the consortium, said in a press development
release dated June 18 that Coral South LNG had QatarEnergy has followed up on last week’s deal
“safely achieved the introduction of hydrocar- to include TotalEnergies in its North Field East
bons” into the FLNG unit, which arrived at its (NFE) LNG expansion with the signing of joint
current site at the Coral South gas field earlier venture (JV) agreements with three more IOCs.
this year. Last week, the French super-major took a 25%
stake in a JV – assumed to be called NFE 1 – with
AsianOil: JGC Indonesia awarded EPC con- the Qatari firm running until 2054.
tract for Akatara gas plant and pipeline
Japan’s JGC Holding has announced that its sub- LatAmOil: APA reports on size of Krabda-
sidiary, JGC Indonesia, has won an engineering, gu-1 well offshore Suriname
procurement and construction contract from APA Corp. (US) revealed on June 21 that Krab-
Jadestone Energy (Lemang) for a gas process- dagu-1, an exploration well drilled at Block 58
ing facility and a sales pipeline for the onshore offshore Suriname, appeared to contain at least
Akatara gas field. According to a statement 180mn barrels of oil in place. In a statement,
released by JGC, the EPC services – provided for APA said flow test data collected from the well
an undisclosed lump-sum amount – cover new indicated that Krabdagu-1 held crude oil in
gas, liquefied petroleum gas and condensate pro- the Upper Campanian and Lower Campanian
cessing facilities with a capacity of 25mn cubic horizons.
feet (708,000 cubic metres) per day along with a
17-km pipeline. MEOG: Kuwait to drill offshore
In this week’s MEOG, Kuwait draws closer to
DMEA: Al-Zour commissioning under way beginning offshore exploration while Abu Dhabi
In a big week for Kuwait, DMEA covers the awards continue under efforts to expand capac-
launch of the country’s giant new oil refinery. ity. State-owned Kuwait Oil Co. (KOC) is near-
Kuwait’s Integrated Petroleum Industries Co. ing the start of offshore drilling, three years since
(KIPIC) has begun test runs at its greenfield the contract for the work was awarded. Mean-
Al-Zour refinery in the south of the country, while, Abu Dhabi National Oil Co. (ADNOC)
marking the start of the facility’s commis- this week awarded Greek firm Archirodon a
sioning. Meanwhile, Tanzanian and Ugandan three-year engineering, procurement and con-
insurance providers have struck a deal on the struction contract focusing on the expansion of
establishment of a consortium that will ensure the onshore Asab asset.
the uniformity of premiums for local contractors
involved in the East Africa Crude Oil Pipeline NorthAmOil: Targa to buy Lucid in $3.6bn
(EACOP) project. Permian acquisition
Targa Resources announced on June 16 that
EurOil: US-EU launch pathway to curb it had struck a deal to buy Lucid Energy from
emissions Riverstone Holdings and Goldman Sachs Asset
The US, the EU and 11 countries have launched Management for $3.55bn in cash. The transac-
the Global Methane Pledge Energy Pathway, in an tion represents the largest midstream acquisi-
effort to drive reductions in methane emissions tion and divestiture (A&D) deal in the Permian
from the oil and gas industry. The pathway builds Basin since 2019, according to energy analytics
on the Global Methane Pledge (GMP), involving firm Enverus.
the US and EU and 118 other countries that have
set a target of reducing anthropogenic methane See the archive and sign up to receive NRG Editor’s
emissions by at least 30% by 2030 from 2020 levels. Picks for free by email each week here.™

Week 25 23•June•2022 www. NEWSBASE .com P13