Page 15 - FSUOGM Week 19 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Longboat has acquired 20% stakes in
(NRG), in which the reader is invited to join three licences in the Norwegian North
our team of international editors, who provide a Sea containing the Oswig and Velocette
snapshot of some of the key issues affecting their prospects from their operator, Austria’s
regional beats. We hope you will like NRG's new OMV, which will retain 40% stakes in the
concise format, but by clicking on the headline projects.
link for each section the full text will be available
as before. GLNG: Mitsui Writes Down Value Of Rus-
sian LNG Investments
AfrOil: South Sudan Plans Slow-Motion Na- Japan’s Mitsui & Co. said that it had written
tionalisation Of Oil Sector down the value of its investments in two Rus-
Awow Daniel Chuang, the undersecretary sian LNG projects by a combined JPY80.6bn
of South Sudan’s Ministry of Petroleum, ($617mn). The company reduced the value
said on May 6 that Nilepet, the national oil of its 12.5% stake in the Sakhalin-2 oil and
company (NOC), had begun the process of LNG project by JPY44.1bn ($338mn) and cut
taking over the projects now led by foreign the value of its investments in the under-con-
investors. struction Arctic LNG 2 project by JPY36.4bn
Speaking to reporters in Juba, Chuang said ($279mn).
South Sudan wanted to gain more control over
its own oil industry so that it could collect a LatAmOil: Chevron Seeks New Opportuni-
larger share of revenues, even if output levels ties Offshore Brazil
sink. Chevron is looking for openings to invest
in major new projects in Brazil’s offshore
AsianOil: Chinese Yards To Stop Work On zone, according to Mariano Vela, the US
Modules For Arctic LNG 2 major’s country manager.
Chinese yards are reportedly set to halt Speaking on the sidelines of an indus-
work on modules for the Novatek-led Arc- try conference last week, Vela said Chev-
tic LNG 2 project in Russia by the end of ron was “in the means of looking for new
May. This comes amid increasingly strict opportunities.”
Western sanctions targeting the Russian
economy – including the country’s energy MEOG: Energean Makes East Med Find
sector – in the wake of the war in Ukraine. In MEOG this week we cover the discovery
of significant gas resources in the Eastern
DMEA: Duqm Study And Iran Dealing Mediterranean.
In this week’s DMEA, we cover progress London and Tel Aviv-listed Energean this
towards the development of a private refin- week announced a commercial gas discovery
ery in Oman and Iran’s efforts to sign down- that it intends to tie back to facilities already
stream deals in Latin America. being deployed to develop existing reserves.
Canadian firm Genoil announced this
week that it has completed a “bankable fea- NorthAmOil: Canada In Talks On Expedit-
sibility study” for the development of a pri- ing East Coast LNG Exports
vate 200,000 barrel per day (bpd) upgrading The Canadian government is in talks with the
refinery at the Omani port of Duqm. developers of two proposed LNG export ter-
minals on Canada’s East Coast to see whether See the archive and
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gian Farm-In Deal last week. *NRG Editor’s Picks*
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Energy has announced a second farm-in Jonathan Wilkinson told Reuters that Ottawa week here
deal off the coast of Norway, involving it was in discussions with Pieridae Energy and
in a two-well exploration campaign due to Repsol over terminals in Nova Scotia and New
take place in 2022 and 2023. Brunswick respectively.

Week 19 11•May•2022 www. NEWSBASE .com P15