Page 19 - FSUOGM Week 21 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global German parliament voted to strip him of his
(NRG), in which the reader is invited to join taxpaper-funded office and staff. State-owned
our team of international editors, who provide a Rosneft announced Schroeder’s departure from
snapshot of some of the key issues affecting their the board on May 20.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Regas rates at Grain LNG reach
link for each section the full text will be available record levels as European demand soars
as before. The Grain LNG terminal in the UK posted
record high send-out levels in April, as high
AfrOil: Germany, Senegal focus on gas demand for gas from Europe pushed utilisation
co-operation opportunities rates up, with LNG tankers having arrived from
Natural gas projects were among the key items eight new countries since January. The terminal
on the agenda at a meeting between German saw record high utilisation rates in April, sending
Chancellor Olaf Scholz and Senegalese President out an average of 431 GWh per day, higher than
Macky Sall. Scholz, who kicked off his first state the previous high of 412.2 GWh in April 2021.
visit to Africa on May 22, said Germany was very
keen on working with Senegal to develop local LatAmOil: Bolivian gas supply cuts may
gas fields, produce LNG and make use of renew- lead Petrobras to import more LNG
able energy resources. Brazil’s national oil company Petrobras has
said it may need to import more LNG due to
AsianOil: Australian election spells new an unexpected cut in shipments of natural gas
uncertainty for oil and gas from Bolivia. Petrobras noted that supply con-
Australia’s federal election on May 21 resulted cerns had arisen as a consequence of the fact that
in a change of government following a victory YPFB, the Bolivian NOC, had reduced the vol-
by the Australian Labor Party (ALP). Results ume of gas flowing to Brazil by 30% this month.
were still being counted as of May 24 and it was
unclear whether the ALP would have an outright MEOG: Gas plans and oil discoveries
majority in the House of Representatives. Iran and Oman are resurrecting a project to
lay an underwater pipeline to transport gas to
DMEA: Nigeria’s grand refining plans Oman, according to Iran’s Oil Minister Javad
Looking to support local communities, create Owji. Meanwhile, ADNOC has announced the
jobs, shelter the country from fuel market vol- discovery of 650mn barrels of oil across three
atility and wean itself off costly subsidies and oilfields in the Emirate.
fuel imports, the Nigerian Content Develop-
ment and Monitoring Board (NCDMB) has NorthAmOil: Centennial, Colgate in largest
announced plans to increase refining capacity to shale merger of 2022
1.4mn barrels per day by 2027 from the current Centennial Resource Development and Colgate
level of around 16,000 bpd. Energy Partners III announced on May 19 that
they had agreed to combine in what the compa-
EurOil: Schroeder steps down as chairman nies described as a merger of equals. The $7.0bn
of Rosneft transaction values Colgate at roughly $3.9bn and
Former German Chancellor Gerard Schroeder consists of 269.3mn shares of Centennial stock,
has resigned from the board of Russia’s state- $525mn in cash and the assumption of around
owned oil company Rosneft, days after the $1.4bn of Colgate’s outstanding net debt. ™

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Week 21 25•May•2022 www. NEWSBASE .com P19