Page 13 - NorthAmOil Week 34 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global Germany’s Siemens, the unit’s manufacturer.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSUOGM: Russia sets up new entity to
snapshot of some of the key issues affecting their manage Sakhalin-2
regional beats. We hope you will like NRG’s new The Russian state-owned entity has assumed
concise format, but by clicking on the headline link full control over the Sakhalin-2 LNG terminal
for each section the full text will be available as in the Far East, after the Russian government
before. previously accused the project’s foreign part-
ners of violating their shareholder obligations.
AfrOil: NNPC Ltd signs renegotiated PSCs Operated by Gazprom, the Sakhalin-2 LNG and
for five deepwater blocks oil project also involves Shell, which announced
Nigerian National Petroleum Co. Ltd (NNPC earlier this year it would withdraw from Russia
Ltd) has completed the process of negotiat- in response to Moscow’s invasion of Ukraine.
ing new production-sharing contracts for five
deepwater blocks in a move that is expected to GLNG: Peru LNG resumes exports after
unlock more than $500bn in revenue for the July shutdown
West African country. NNPC Ltd announced Peru LNG, the operator of a natural gas lique-
this development on August 12, saying that the faction plant and export terminal in Pampa
renegotiated PSCs covered the offshore blocks Melchorita, resumed exports in the first two
known as OML 128, OML 130, OML 132, OML weeks of August following a planned shutdown
133 and OML 138. in July. According to data from Peru’s national oil
company Perupetro, the Peru LNG consortium
AsianOil: Dorado delays resumed loadings after completing its mainte-
Santos has postponed the $2bn development of nance programme and has loaded two cargoes
the Dorado oilfield off the coast of Western Aus- since the beginning of August.
tralia, concluding that soaring costs relating to
the construction of a floating production storage LatAmOil: ExxonMobil may use tie-backs
and offloading (FPSO) vessel meant that the pro- to expand production at Stabroek
ject was too risky. The Australian major reported Mike Ryan, production manager at ExxonMobil
in its half-year results last week that “inflationary Guyana, says his company is seriously consider-
cost environment and supply chain uncertainty ing proposals for using subsea tie-backs to link
[do] not support [a final investment decision] in new oil finds at the Stabroek block to existing
2022.” infrastructure in order to improve production
operations. Ryan was quoted by OilNOW.gy
DMEA: Israel sees Egypt’s LNG capacity as as saying on August 15 that ExxonMobil Guy-
reason for continued co-operation ana’s priority was optimum development of its
Israel will continue to work with Egypt to boost resources and that tie-backs were among the
natural gas exports to Europe, as the latter coun- options the company might pursue.
try is its best option for producing LNG, Energy
Minister Karine Elharrar told Israel Hayom in MEOG: ADNOC affiliates win more work
an interview published on August 12. Elharrar Abu Dhabi National Oil Co.’s (ADNOC) Logis-
explained that Israel’s caretaker government, led tics & Services arm was this week awarded a
by the Yesh Atid party, had been willing to join $1.17bn deal to provide barges to support the
with Brussels and Cairo in mid-June in signing parent firm’s upstream expansion. The award
a tripartite memorandum of understanding on will see ADNOC L&S lease 13 self-propelled
expanding gas supplies to Europe because of the jack-up barges to ADNOC for a period of five
access that Israel had already gained to Egypt’s years, enabling rig-less operations and mainte-
LNG plants. nance, alongside “manpower and equipment”.

EurOil: Gazprom warns of three-day Nord NorthAmOil: Santos sanctions Pikka pro-
Stream shutdown ject in Alaska
Russia plans to close down the Nord Stream Australia’s Santos announced this week that it had
gas pipeline for three days between August taken a final investment decision on Phase 1 of
31 and September 2, in a move that will put the Pikka oil project on Alaska’s North Slope. The
further strain on the European gas market. company has pegged total capital expenditure on
The only working compressor unit at the Por- the project at $2.6bn, with Santos’ share account-
tovaya compressor station on the Baltic Sea ing for $1.3bn as a 51% shareholder in Pikka.
shore that handles Nord Stream’s gas flow will
be closed so that joint maintenance can be See the archive and sign up to receive NRG Editor’s
carried out by specialists from Gazprom and Picks for free by email each week here.™

Week 34 25•August•2022 www. NEWSBASE .com P13