Page 16 - LatAmOil Week 19 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global campaign due to take place in 2022 and 2023.
(NRG), in which the reader is invited to join Longboat has acquired 20% stakes in three
our team of international editors, who provide a licences in the Norwegian North Sea from their
snapshot of some of the key issues affecting their operator, Austria’s OMV.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Russia puts Nord Stream 2 to
link for each section the full text will be available work for domestic market
as before. Russia has announced it will use the onshore sec-
tion of the Nord Stream 2 gas pipeline to serve
AfrOil: South Sudan plans slow-motion domestic demand, after Germany put the export
nationalisation of oil sector project on hold in response to Moscow’s actions
Awow Daniel Chuang, the undersecretary of in Ukraine. Gazprom said on May 5 it would use
South Sudan’s Ministry of Petroleum, said on the 55bn cubic metre per year pipeline’s onshore
May 6 that Nilepet, the national oil company, facilities to work in expanding gas supplies to
had begun the process of taking over the projects customers in north-west Russia.
now led by foreign investors. Speaking to report-
ers in Juba, Chuang said South Sudan wanted to GLNG: Mitsui has written down value of
gain more control over its own oil industry so Russian LNG
that it could collect a larger share of revenues, Japan’s Mitsui & Co. said that it had written down
even if output levels sink. the value of its investments in two Russian LNG
projects by a combined JPY80.6bn ($617mn).
AsianOil: Chinese yards to stop work on The company reduced the value of its 12.5%
modules for Arctic LNG 2 stake in the Sakhalin-2 oil and LNG project by
Chinese yards are set to halt work on modules for JPY44.1bn ($338mn) and cut the value of its
the Novatek-led Arctic LNG 2 project in Russia investments in the under-construction Arctic
by the end of May. This comes amid increasingly LNG 2 project by JPY36.4bn ($279mn).
strict Western sanctions targeting the Russian
economy – including the country’s energy sec- MEOG: Energean makes East Med find
tor – in the wake of the war in Ukraine. London- and Tel Aviv-listed Energean this week
announced a commercial gas discovery that
DMEA: Duqm study and Iran dealing it intends to tie back to facilities already being
Canadian firm Genoil announced this week deployed to develop existing reserves. Mean-
that it has completed a “bankable feasibility while, Iran and Russia are set to improve bilateral
study” for the development of a private 200,000 ties in the fields of oil and finance, as both coun-
barrel per day upgrading refinery at the Omani tries face a shrinking pool of potential partners.
port of Duqm. Meanwhile, following high-level
meetings in Venezuela last week, Iran has said NorthAmOil: Canada in talks on expediting
it is considering investing in a new refinery in East Coast LNG exports
Nicaragua while inviting Brazilian companies to Canada’s government is in talks with the devel-
invest in its petrochemicals sector. opers of two proposed LNG export terminals on
Canada’s East Coast to see if it can help expedite
EurOil: Longboat clinches second offshore those projects, it emerged last week. Minister
Norwegian farm-in deal of Natural Resources Jonathan Wilkinson told
North Sea-focused junior Longboat Energy has Reuters that Ottawa was in discussions with
announced a second farm-in deal off the coast Pieridae Energy and Repsol over terminals in
of Norway, involving it in a two-well exploration Nova Scotia and New Brunswick respectively. ™

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P16 www. NEWSBASE .com Week 19 12•May•2022