Page 19 - EurOil Week 10 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global their intent to leave Russia in response to
(NRG), in which the reader is invited to join Moscow’s actions in Ukraine.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Venture Global Expands Supply
regional beats. We hope you will like NRG's new Partnership With Shell
concise format, but by clicking on the headline Venture Global LNG announced on March 7
link for each section the full text will be available that it had struck a new long-term sales and
as before. purchase agreement (SPA) with Shell for
offtaking from its proposed Plaquemines
AfrOil: Libyan Oil Production Sinks By liquefaction terminal on Louisiana’s Gulf
330,000 Bpd Coast.
Libya’s oil production has reportedly sunk The 20-year deal covers 2mn tonnes per
by about 330,000 barrels per day (bpd) fol- year and brings Shell’s total long-term offtake
lowing the shutdown of two major sites: commitments from Venture Global’s terminals
Sharara, the country’s biggest oilfield, and El to 4mn tpy. Shell’s existing contract with Ven-
Feel. Sharara usually yields around 270,000- ture Global covers 2mn tpy from its newly built
300,000 bpd of oil, while El Feel produces Calcasieu Pass LNG terminal, also in Louisi-
up to 70,000 bpd but may have been oper- ana, which shipped its first cargo at the start
ating below full capacity when production of March.
stopped on March 3.
LatAmOil: Tradener Makes Brazil’s First Pri-
AsianOil: Outage Reported At Malaysia vate Deal For Bolivian Gas
LNG Satu Tradener has become the first privately
An unplanned outage was reported at the owned Brazilian firm to buy natural gas
Malaysia LNG (MLNG) Satu – part of the directly from Bolivia, without the national
country’s nine-train Bintulu LNG complex oil company (NOC) Petrobras acting as an
– last week. intermediary.
The outage is reported to have resulted In a statement, Tradener said it had
from a leak that led to the second train signed a contract with YPFB, Bolivia’s NOC,
being taken offline. Argus Media cited some for the purchase of 2.2mn cubic metres per
term offtakers from the facility as saying the day of gas over a period of two years.
train went offline on March 2 and would be
returned to service on March 14. MEOG:Iran Talks Up Oil Investment
TIn this week’s MEOG we look at Iran’s cont-
DMEA: Different Approaches To Refining nued optimism about its spending plans to
This week’s DMEA covers Iranian efforts to build out the country’s oil sector and a field
increase the country's refining capabilities, development contract award in the UAE.
while Israel looks to close its Haifa facilities The Iranian government this week said it
for good. would invest $4bn in oil and gas projects
Iran’s Ministry of Petroleum (MoP) in the southern Khuzestan Province as the
announced this week that it has received sums promised for investment continue to
budgetary approval to add 300,000 barrels spiral.
per day (bpd) of refining capacity, with pri-
vate sector and foreign investment likely to NorthAmOil: US Bans Imports Of Russian
be sought. Oil And Gas
US President Joe Biden announced on March
FSUOGM: Shell Pledges Russian Oil Profits 8 that his country was banning imports of Rus-
For Ukrainian Aid sian oil and gas, as well as coal. This comes as
Shell announced on March 5 it was placing the US tightens its sanctions against Russia in See the archive and
all profits that it earns from Russian oil it response to Moscow’s invasion of Ukraine. sign up to receive
purchases into a fund that will go towards In a statement, the White House described *NRG Editor’s Picks*
humanitarian aid in Ukraine, after drawing the move as a “a significant action with wide- for free by email each
criticism for purchasing a discounted cargo spread bipartisan support that will further week here
of Russian Urals blend. deprive President Putin of the economic
Shell is one of several international oil resources he uses to continue his needless war
companies (IOCs) that have announced of choice”.

Week 10 10•March•2022 www. NEWSBASE .com P19