Page 14 - FSUOGM Week 06 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global in the previous year, and surpassed a fore-
(NRG), in which the reader is invited to join cast of $17.8bn based on a Refinitiv analyst
our team of international editors, who provide a poll. In the fourth quarter, adjusted earnings
snapshot of some of the key issues affecting their reached $6.4bn.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Cedar LNG Awards FEED Contract
link for each section the full text will be available Canada’s Cedar LNG announced this week that
as before. it had awarded a front-end engineering and
design (FEED) contract to Black & Veatch and
AfrOil: NAMCOR Confirms Oil Find At Samsung Heavy Industries for its proposed
Graff-1 floating LNG (FLNG) project.
Namibia’s national oil company (NOC) has Pembina Pipeline and the Haisla Nation are
issued a statement confirming the discovery partners in Cedar LNG. Pembina acquired a
of light crude oil in Graff-1, an exploration 50% interest in the project last year.
well drilled at the deepwater PEL 39 block
offshore Namibia. LatAmOil: Guyana Exports First Crude Car-
In its statement, National Petroleum go To Brazil
Corp. of Namibia (NAMCOR) reported that Guyana has reportedly exported its first
the well had “proved a working petroleum cargo of crude oil from the Liza-1 field to an
system for light oil in the Orange Basin.” independent refinery in neighbouring Bra-
zil. Citing a source familiar with the deal,
AsianOil: Shell Outlines QGC Drilling Plans Reuters reported last week that the cargo
Royal Dutch Shell has unveiled plans for the had been shipped by ExxonMobil (US),
next phase of onshore gas development in the operator of the Stabroek block offshore
Queensland, Australia, alongside its part- Guyana.
ners in the QGC joint venture. The source, who was not named, said that
In a February 8 statement, Shell said ExxonMobil had supplied 1mn barrels of
QGC would drill and connect around 145 crude to Acelen, the independent operator of
new wells in the Western Downs region of Brazil’s Mataripe refinery, under a spot deal.
Queensland between now and 2024.
MEOG: Aramco On Sale, Again
DMEA: Refined Focus For Ghana And This week’s MEOG covers the potential
Uganda for Saudi Aramco to list more shares and a
In DMEA this week we look at refining major gas find in the UAE.
updates from Ghana and Uganda. State-owned Aramco is reported to be
The Ghanaian government is seeking holding early talks about the potential listing
strategic partners willing to provide the cap- of more of the company’s shares, in a move
ital required to rehabilitate its dilapidated seen as raising significantly more than the
state-owned Tema Oil Refinery (TOR). firm’s 2019 initial public offering (IPO).
Minister for Public Enterprises Joshua
Cudjoe made the announcement while NorthAmOil: Crescent Point Reportedly
speaking to local media outlet Joy News, Seeks To Sell Assets
saying that investors in the facility would be Canadian light oil producer Crescent Point
expected to provide funds for the extensive Energy is reportedly seeking to sell some
required repair work. of its assets in Alberta and Saskatchewan. See the archive and
According to Reuters, which cited an industry sign up to receive
EurOil: Shell Profits Soar On High Oil, Gas source, as well as marketing documents it had *NRG Editor’s Picks*
Prices seen this week, the assets could fetch around for free by email each
Shell reported a sharp upswing in profits CAD500mn ($394mn). week here
in 2021 on the back of soaring commodity The marketing documents show that Cres-
prices, according to results published on cent Point is offering the assets in three sepa-
February 3. rate packages that had combined production of
Full-year adjusted earnings amounted 10,554 barrels of oil equivalent per day (boepd)
to $19.29bn, Shell said, up from $4.85bn in the fourth quarter of 2021.

P14 www. NEWSBASE .com Week 06 09•February•2022