Page 15 - FSUOGM Week 14 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global South Kavala and Prions concessions. It has
(NRG), in which the reader is invited to join made on-and-off attempts to explore its
our team of international editors, who provide a natural gas potential over the years, but low
snapshot of some of the key issues affecting their prices and a shift in strategy towards renew-
regional beats. We hope you will like NRG's new ables have stalled plans.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Two Mexican LNG Projects Make
as before. Advances
Two Mexican LNG projects have taken steps
AfrOil: Libyan Oil Production Sinks By forward over the past week.
330,000 Bpd On March 31, it was announced that
Libya’s oil production has reportedly sunk TotalEnergies had signed a memorandum of
by about 330,000 barrels per day (bpd) fol- understanding (MoU) with Sempra Infra-
lowing the shutdown of two major sites: structure, a subsidiary of US-based Sempra,
Sharara, the country’s biggest oilfield, and El on the purchase of a share of future produc-
Feel. Sharara usually yields around 270,000- tion from the planned Vista Pacífico LNG
300,000 bpd of oil, while El Feel produces plant.
up to 70,000 bpd but may have been oper-
ating below full capacity when production LatAmOil: ExxonMobil Makes FID On Yel-
stopped on March 3. lowtail
ExxonMobil (US) has made a final invest-
AsianOil: Santos’ Dorado Moves A Step ment decision (FID) on Yellowtail, its
Closer To FID fourth development project at the Stabroek
The Dorado project, which is being devel- block offshore Guyana.
oped by Santos and Carnarvon Energy off- In a statement dated April 4, the
shore Western Australia, has taken what has US-based super-major said it had opted to
been described as a significant step towards move forward with the project after secur-
a final investment decision (FID). ing all necessary government and regula-
Australian Minister for Resources and tory approvals for work at Yellowtail.
Water Keith Pitt said on April 5 that Santos
and Carnarvon had accepted a production MEOG: Iraq’s Revenue Boost
licence covering Dorado, which is located This week’s MEOG includes coverage of
in the offshore Bedout sub-basin. Iraq’s 50-year high in oil revenues and steps
to take control over the Kurdish oil and gas
DMEA: Dangote Launch Date Optimism sector.
This week, DMEA looks at increased con- As OPEC’s second-largest producer, Iraq
fidence that Nigeria can launch its flagship stands to benefit more than most from the
refining project this year, while an Aramco group’s alliance with Russia and other pro-
affiliate moves towards IPO. ducing nations that has seen oil prices surge
Nigeria’s Dangote Group this week reit- as geopolitical concerns collide with supply/
erated its intention to begin operations at demand dynamics.
its greenfield, 650,000 barrel per day (bpd)
refinery at Lekki outside Lagos. NorthAmOil: Ascent Reportedly Preparing
For IPO
EurOil: Greece Looks To Revive Offshore US shale driller Ascent Resources is said to be
Gas Exploration preparing for an initial public offering (IPO)
Greece is looking to revive offshore natu- in which it hopes to be given a market valu- See the archive and
ral gas exploration in order to safeguard its ation of around $6bn. The move, reported by sign up to receive
energy security amid soaring prices across Reuters, which cited sources familiar with the *NRG Editor’s Picks*
Europe, government sources told Reuters on matter, comes around a week after a separate for free by email each
April 5. report from Bloomberg said Ascent has dis- week here
Greece has produced small quantities of cussed a potential merger with fellow shale gas
oil in the past, including at the now-mature producer Gulfport Energy.

Week 14 06•April•2022 www. NEWSBASE .com P15