Page 19 - EurOil Week 20 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Ukraine.
(NRG), in which the reader is invited to join Gazprom said on May 5 it would use
our team of international editors, who provide a the 55bn cubic metre per year pipeline’s
snapshot of some of the key issues affecting their onshore facilities to work in expanding
regional beats. We hope you will like NRG's new gas supplies to customers in north-west
concise format, but by clicking on the headline Russia.
link for each section the full text will be available
as before. GLNG: Hammerfest LNG Opening Again
Delayed
AfrOil: Afreximbank, APPO Aim To Create Equinor has again delayed the start-up of the
New Oil And Gas Financing Avenue Hammerfest LNG export project at Melkøya
The African Export-Import Bank in Norway after a fault with a compressor was
(Afreximbank) and the African Petroleum discovered.
Producers Organisation (APPO) are team- The company said that extensive repairs
ing up to establish a new avenue of funding at Melkøya had been completed, but that
for oil and gas projects in Africa. the final run-up of the plant was taking
In a statement, AEC said that Afrex- somewhat longer than planned.
imbank and APPO had signed a memo-
randum of understanding (MoU) on the LatAmOil: CGX Not Yet Ready To Declare
establishment of a new pan-African energy Kawa-1 Commercial
bank during the CAPE VIII conference in Canada’s CGX Energy, the operator of the
Luanda on May 16. Corentyne block offshore Guyana, is not yet
ready to determine whether the hydrocar-
AsianOil: Chinese Refinery Throughput bon discovery at the Kawa-1 well is com-
Down Amid Lockdowns mercially viable.
Chinese refinery throughput was down 11% Dr. Mark Zorback, CGX’s senior techni-
year on year in April, the latest data from cal advisor, said during a virtual presenta-
the National Bureau of Statistics (NBS) have tion last week that while results from the
shown. exploration well were very promising, the
According to the NBS, China’s crude company and its partner Frontera Energy
throughput totalled 51.81mn tonnes in had not reached a formal conclusion.
April, equivalent to 12.61mn barrels per
day. This compares with throughput of MEOG: Turkish Drilling, Saudi Results
13.8mn bpd in March 2022 and 14.09mn In this week’s MEOG, we cover drilling plans
bpd in April 2022. in Turkey and Aramco’s Q1 results.
Turkish Petroleum (TPAO) has
DMEA: Borouge IPO Details Emerge announced plans this week to kick off Tur-
In this week’s DMEA, we cover plans for the key’s largest ever drilling campaign as the
IPO of chemicals firm Borouge and Eskom’s company prepares to receive its fourth
fuel predicament. drillship.
Abu Dhabi National Oil Co. and Borea-
lis this week announced plans for the initial NorthAmOil: Chevron Sanctions Ballymore
public offering (IPO) of a 10% stake – 3bn Project In Deepwater Gulf
shares – in their Borouge joint venture (JV), Chevron announced on May 17 that it had
which will launch later this month on the taken a final investment decision (FID)
ADX stock market. on the Ballymore project in the US Gulf of See the archive and
Mexico. sign up to receive
FSUOGM: Gazprom Slashes Gas Supply To The project has a design capacity of 75,000 *NRG Editor’s Picks*
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Russia has announced it will use the oped as a subsea tieback to Chevron’s Blind week here
onshore section of the Nord Stream 2 Faith platform, the super-major said. Bally-
gas pipeline to serve domestic demand, more will consist of three production wells
after Germany put the export project on tied back to Blind Faith via one 3-mile (4.8-
hold in response to Moscow’s actions in km) flowline.

Week 20 19•May•2022 www. NEWSBASE .com P19