Page 14 - AsianOil Week 35 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global since August 17 due to inspection and SPM-1
(NRG), in which the reader is invited to join has been offline since earlier this month due
our team of international editors, who provide a to the same reason,” one of the sources told
snapshot of some of the key issues affecting their the news agency. Loadings were reportedly
regional beats. We hope you will like NRG's new continuing from CPC’s SPM-3.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Japan’s Mitsubishi Applies To Keep
as before. Its Stake In Russia’s Sakhalin-2 LNG Plant
Japan’s Mitsubishi has decided to apply to
AfrOil: South Africa Expects TotalEnergies the Russian government to keep its stake in
To Submit Luiperd Development Plan the Sakhalin-2 oil and gas project but still
Phindile Masangane, the CEO of Petro- needs Kremlin approval.
leum Agency South Africa (PASA), has said Russian President Vladimir Putin
she does not expect TotalEnergies to let its signed a decree on June 30 that will transfer
licence for Block 11B/12B, an offshore site all rights and obligations of the Sakhalin-2
that includes the Luiperd natural gas and oil and gas project to a new Russian entity,
condensate fields, lapse as a deadline for sub- in effect giving the Kremlin the power to
mitting production plans approaches. nationalise foreigners’ stakes in what is one
of the largest energy projects in the world,
and escalating the ongoing gas wars.
DMEA: TotalEnergies Says It Will Continue
Building Arzew Petchem Plant In Algeria LatAmOil: APA Announces Find At Block 53
TotalEnergies (France) has said it will con- Offshore Suriname
tinue working to build a petrochemical UAE-backed forces in Yemen retook con-
plant in Algeria’s Arzew region, denying a trol of oilfields in the south of the coun-
report published earlier by African Intelli- try following intense fighting with groups
gence. That source had claimed the French aligned with the Houthi militia, which is in
oil group had decided to withdraw from the turn supported by Iran.
project. Local media reported that the al-Amal-
The African Intelligence report pointed iqa (Giants) Brigades, alongside the South-
to mounting concerns for the French group ern Transitional Council’s Shabwa Defence
about the profitability of the complex, rising Forces (SDF), had seized control of energy
costs in the municipality of Arzew and the rel- facilities in Shabwa Province from the Spe-
atively greater attractiveness of Gulf Co-op- cial Security Forces, a paramilitary police
eration Council (GCC) markets, as well as group.
bureaucratic obstacles in Algeria.
MEOG: Giants Brigades Retake Shabwa
EurOil: Germany Looks To Canada For En- Fields
ergy Supplies Abu Dhabi National Oil Co.’s (ADNOC)
Germany has identified resource-rich Logistics & Services arm was this week
Canada as a potential partner as it phases awarded a $1.17bn deal to provide barges
out its dependence on Russian gas and to support the parent firm’s upstream
seeks alternative sources of energy sup- expansion. The award will see ADNOC
ply. On a visit to Canada this week, Ger- L&S lease 13 self-propelled jack-up
man Chancellor Olaf Scholz said his barges to ADNOC for a period of five
country hoped Canadian LNG could help years, enabling rig-less operations and
expedite its shift away from imports of maintenance, alongside “manpower and
Russian gas. equipment”.

FSUOGM: CPC Suspends Oil Loadings NorthAmOil: Shell, Energy Transfer Sign
From Two Mooring Points Lake Charles LNG Offtake Agreement
The Caspian Pipeline Consortium (CPC) Shell and Energy Transfer have signed
has suspended oil loadings from two of a 20-year sales and purchase agreement
the three single mooring points (SPMs) at (SPA) for 2.1mn tonnes per year (tpy) of See the archive and
its Black Sea terminal in Russia’s Novor- LNG produced at the planned Lake Charles sign up to receive
ossijsk, where most Kazakh oil is loaded LNG project in Louisiana. *NRG Editor’s Picks*
for world markets, due to inspections, two The move represents the latest in for free by email each
sources familiar with the loadings told a series of binding offtake agreements week here
Reuters. signed by Energy Transfer over the past
“CPC suspended loadings from SPM-2 few months.

P14 www. NEWSBASE .com Week 35 05•September•2022