Page 16 - MEOG Week 06 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global 2021 on the back of soaring commodity prices,
(NRG), in which the reader is invited to join according to results published on February 3.
our team of international editors, who provide a Full-year adjusted earnings amounted to
snapshot of some of the key issues affecting their $19.29bn, Shell said, up from $4.85bn in the pre-
regional beats. vious year, and surpassed a forecast of $17.8bn
We hope you enjoy NRG’s new concise for- based on a Refinitiv analyst poll.
mat, but by clicking on the headline link for each
section the full text will be available as before. FSUOGM: Russia expands China ties
Russia and China have clinched a new gas sup-
AfrOil: NAMCOR confirms Graff-1 oil find ply deal, as Moscow doubles down on its pivot
Namibia’s national oil company has issued a towards Beijing against a backdrop of height-
statement confirming the discovery of light ened tensions with the West over Ukraine.
crude oil in Graff-1, an exploration well drilled Russia’s national gas company Gazprom
at the deepwater PEL 39 block offshore Namibia. announced on February 4 that it had agreed on
In its statement, National Petroleum Corp. of the annual sale of 10bn cubic metres per year
Namibia (NAMCOR) reported that the well had of natural gas to China’s CNPC over a 30-year
“proved a working petroleum system for light oil period.
in the Orange Basin.”
GLNG: Cedar LNG awards FEED contract
AsianOil: Shell outlines QGC drilling plans Canada’s Cedar LNG announced this week that
Royal Dutch Shell has unveiled plans for the next it had awarded a front-end engineering and
phase of onshore gas development in Queens- design contract to Black & Veatch and Samsung
land, Australia, alongside its partners in the Heavy Industries for its proposed floating LNG
QGC joint venture. project.
In a February 8 statement, Shell said QGC Pembina Pipeline and the Haisla Nation are
would drill and connect around 145 new wells partners in Cedar LNG. Pembina acquired a
in the Western Downs region of Queensland 50% interest in the project last year.
between now and 2024.
LatAmOil: Guyana exports first oil cargo
DMEA: Ghana and Uganda’s refined focus Guyana has reportedly exported its first cargo of
In DMEA this week we look at refining updates crude oil from the Liza-1 field to an independent
from Ghana and Uganda. refinery in neighbouring Brazil.
The Ghanaian government is seeking Citing a source familiar with the deal, Reu-
strategic partners willing to provide the cap- ters reported last week that the cargo had been
ital required to rehabilitate its dilapidated state- shipped by ExxonMobil (US), the operator of
owned Tema Oil Refinery (TOR). the Stabroek block offshore Guyana.
Meanwhile, Uganda’s energy minister held
talks this week with the consortium developing NorthAmOil: Crescent Point plans sale
the country’s first oil refinery, days after a final Canadian light oil producer Crescent Point
investment decision was taken on the project to Energy is reportedly seeking to sell some of its
develop the larger of the oilfields that will pro- assets in Alberta and Saskatchewan.
vide its feedstock. According to Reuters, which cited an indus-
try source, as well as marketing documents it
EurOil: Shell profits soar on high prices had seen this week, the assets could fetch around
Shell reported a sharp upswing in profits in CAD500mn ($394mn).™

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