Page 13 - NorthAmOil Week 03 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global has criticised the International Energy Agency
(NRG), in which the reader is invited to join for blaming Russia for causing the continent’s
our team of international editors, who provide a energy crisis, instead attributing high energy
snapshot of some of the key issues affecting their bills to the EU’s own policies. Jonathan Stern,
regional beats. We hope you will like NRG’s new a research fellow at the Oxford Institute for
concise format, but by clicking on the headline link Energy Studies who served as EU speaker for the
for each section the full text will be available as EU-Russia Gas Advisory Council between 2011
before. and 2015, noted that Russia has long warned its
European gas customers against abandoning
AfrOil: Egbokor Energy Park set to launch long-term contracts and shifting away from
by end-March oil-indexed to gas market prices.
Backers of the Egbokor Energy Park project
reportedly expect construction work on the GLNG: Work begins on Hai Lang LNG-to-
new facility, which is being built in Nigeria’s Edo power project in Vietnam
State, to be completed in less than three months. Construction has begun on the first phase of
According to Dr. Akintoye Akindele, the CEO of the Hai Lang LNG-to-power project in Viet-
Atlantic International Refinery and Petrochem- nam, according to a January 15 government
ical, both the park’s owner, Duport Midstream, announcement.
and the bank providing the financing, First City The project is located in Quang Tri Province.
Monument Bank, have said that the complex will
be ready for inauguration by the end of March. LatAmOil: Guyanese inspectors to take re-
sponsibility for oil certification
AsianOil: Inpex unveils offshore exploration The Guyana National Bureau of Standards
plans (GNBS) is prepared to assume responsibility for
Japan’s Inpex unveiled plans this week to con- testing crude oil extracted from the country’s
duct exploratory drilling for natural gas offshore offshore fields this year, ahead of the planned
Western Japan later this year. According to a Jan- launch of the Liza-2 development project. GNBS
uary 17 statement, the exploration campaign will has been involved in the testing of crude since
be carried out offshore Shimane and Yamaguchi December 2019, when the country’s first oilfield,
prefectures between March and July. Liza-1, began commercial production.

DMEA: MEA refining concerns MEOG: Supporting gas and oil drives
In DMEA this week, we look at concerning This week’s MEOG looks at work to expand the
developments relating to refinery projects in production of gas in Iran and that of oil in the
Kuwait and Nigeria. Downstream-focused UAE. Iran is expected to begin commissioning
Kuwait National Petroleum Co. (KNPC) on the final offshore phase of the supergiant
this week dealt with the second major fire at South Pars gas field development programme
its 346,000 barrel per day Mina Al-Ahmadi by the end of September as it seeks to boost gas
refinery since October. Meanwhile, Ghana’s availability. Meanwhile, Abu Dhabi National
Environmental Protection Agency (EPA) has Oil Co. (ADNOC) announced this week that
voiced renewed concerns about the planned its drilling arm had added two more rigs to its
location of the new 100,000 bpd Sentuo Oil fleet, taking the total number to 99, with the
Refinery at Tema Newtown, a wetland catch- new units due to work at two of the UAE’s most
ment of Chemu Lagoon. important oil assets.

EurOil: Poland shields small businesses NorthAmOil: ExxonMobil unveils net-zero
from gas price spike goal
Poland has slashed gas prices for small busi- ExxonMobil announced this week that it
nesses in an effort to shield them from the would pursue an “ambition” to achieve net zero
energy crisis unfolding across Europe. Con- greenhouse gas emissions from its operated
sumers across the continent face higher gas and assets by 2050. The move represents a signif-
power bills this year, following a sharp rebound icant step for the super-major, which previ-
in demand as coronavirus (COVID-19) restric- ously avoided committing to net zero on the
tions have been eased. basis that it had no realistic plan for achieving
such a goal.
FSUOGM: Gas expert hits back at IEA
claims about Russia See the archive and sign up to receive NRG Editor’s
A leading expert on the European gas market Picks for free by email each week here.™

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