Page 17 - EurOil Week 16 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global would ban Russian coal imports, and the Euro-
(NRG), in which the reader is invited to join pean Commission has signalled it will impose
our team of international editors, who provide a restrictions on oil supplies as well in its upcom-
snapshot of some of the key issues affecting their ing sanctions package.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: ADNOC Orders Two LNG Tankers
link for each section the full text will be available From Shanghai Yard
as before. Abu Dhabi National Oil Co. (ADNOC) has
confirmed it is to order two 175,000 cubic
AfrOil: NNPC Sees AKK Gas Pipeline metre LNG tankers from Shanghai’s Jiangnan
Launched In Q1-2023 Shipyard as part of plans to expand its shipping
Mele Kyari, the group managing director of fleet and to raise LNG production.
Nigerian National Petroleum Co. (NNPC), ADNOC Logistics & Services (ADNOC
expects the Ajaokuta-Kaduna-Kano (AKK) L&S), the company’s shipping unit, said on
natural gas pipeline to begin operating in the April 12 that it had signed a contract for the
first quarter of 2023. construction of two 175,000 cubic metre LNG
According to a statement issued by his vessels and expected that they would be deliv-
leading spokesman Garba Muhammad, ered in 2025.
Kyari told NNPC board members last week
that upstream producers were on track to LatAmOil: ANP Notes Strong Interest In
make sufficient volumes of gas available for Brazil’s Latest Bidding Round
AKK on time. Brazil’s National Agency of Petroleum, Nat-
ural Gas and Biofuels (ANP) reported last
AsianOil: Petronet May Consider Fourth week that the most recent bidding round,
LNG Import Terminal In India the Third Cycle of the Open Acreage in
India’s Petronet LNG may consider building the Concession Model, had attracted more
a fourth LNG import terminal in India in attention than anticipated.
order to meet rising demand. According to Rodolfo Saboia, the agen-
Petronet’s CEO, A K Singh, told the Press cy’s director-general, shows of interest from
Trust of India last week that the company investors outweighed all expectations.
expects Indian gas demand to continue
growing. MEOG: ADES Continues Fleet Expansion
This week’s MEOG covers the expansion
DMEA: Saudi Petchems And Sonangol’s of a Saudi driller and progress on Iraqi gas
Strategy licensing.
In this week’s DMEA we look at some of the Indian drilling company Aban Offshore
latest updates from Saudi petrochemicals this week announced that it has agreed a
firms and Angola’s plans to go it alone on its deal to sell four jack-up rigs to Saudi Arabia’s
main refinery project. ADES Group as the companies plot oppos-
Saudi’s Sipchem this week posted a 162% ing courses.
increase in net profit for the first quarter of
the year, buoyed by reduced finance costs NorthAmOil: Biden Administration Restarts
and increased profits from JVs. Onshore Lease Sales
The administration of US President Joe Biden
FSUOGM: Novak Warns That Russian En- announced on April 15 that it was restarting
ergy Sanctions Are Like A “Boomerang” oil and gas leasing on federal land. The move See the archive and
Russian Deputy Prime Minister and former marks the end of a pause on new onshore fed- sign up to receive
energy minister Alexander Novak has warned eral leasing that was imposed in the early days *NRG Editor’s Picks*
that sanctions against Russia’s energy sector of Biden’s presidency. for free by email each
act like a “boomerang,” hurting the countries The US Department of the Interior (DoI) said week here
that introduced them more. it was offering roughly 173 parcels on 144,000
The EU declared earlier this month that it acres (583 square km) up for sale.

Week 16 22•April•2022 www. NEWSBASE .com P17