Page 16 - LatAmOil Week 12 2023

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Ursula von der Leyen hailing the event as a mile-
(NRG), in which the reader is invited to join stone in the EU’s green transition. Project Green-
our team of international editors, who provide a sand is Europe’s first operational cross-border
snapshot of some of the key issues affecting their carbon capture and storage (CCS) initiative.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Head of Gazprom Export
link for each section the full text will be available steps down
as before. Russia’s state-owned natural gas supplier Gaz-
prom has announced that Elena Burmistrova
AfrOil: DRC licensing round attracts is stepping down as head of its export arm and
green investor will go on to serve as vice president of Gazprom-
An unconventional candidate has entered the bank. Dmitry Khandoga, currently overseeing
onshore bidding round launched last July by the Gazprom’s international business, will become
Democratic Republic of Congo (DRC) – EQX acting director-general of Gazprom Export.
Biome, a US-based investment firm that focuses
on preserving biodiversity. The fund has submit- GLNG: Qilak LNG plans $5bn facility in
ted offers for all 27 of the potentially oil-bearing Alaska
blocks included in the licensing round. Qilak LNG has revealed that it aims to build a
4mn tonne per year LNG export terminal in
AsianOil: Petronas enjoys profit bump Alaska’s North Slope, to be completed by the
in first quarter end of the decade. The announcement from the
Malaysia’s Petronas has reported a 55% climb in company comes as large LNG importers in East
profits for the first quarter on the back of higher Asia look to wean themselves off gas from Russia
prices and increased sales volumes. However, the following that country’s invasion of Ukraine.
state-owned LNG exporter warned that prices
would be more subdued this year as a result of MEOG: IDC finishes East Baghdad well
a forecasted slowdown in the global economy. Iraqi Drilling Co. (IDC) has completed the drill-
ing of a well at the East Baghdad oilfield, to the
DMEA: Building begins on Shaheen south-east of the capital city. The company said
project that its technical and engineering teams had
A ceremony has been held in Ulsan, South drilled the EBS-H-18 well to a depth of 3,509
Korea, to mark the start of work on the $7bn metres, noting that it was the first of a 27-well
Shaheen integrated petrochemical plant in drilling campaign targeting the field for its Chi-
Onsan Industrial Complex. South Korea’s S-Oil nese operator EBS – a local Iraqi subsidiary of
Corp. plans to start commercial operation of the China ZhenHua Oil Co. Ltd, itself a subsidiary
plant in 2026. The facility will produce around of state-owned China North Industries Group
3.2mn tonnes per year of petrochemical prod- (Norinco).
ucts including ethylene, propylene benzene and
butadiene from feedstocks naphtha and off-gas. NorthAmOil: ConocoPhillips’ Alaska
Willow project gets green light
EurOil: INEOS, Wintershall Dea launch The Biden administration has approved a scaled-
Greensand CCS project back version of ConocoPhillips’ $7bn Willow
European energy companies INEOS and Win- project in Alaska, the US Department of Inte-
tershall Dea began injecting CO2 under the rior said on March 13. But as a compromise, the
North Sea bed as part of Project Greensand on administration has at the same time put more of
March 8, with European Commission President the US Arctic off-limits to oil and gas drilling. ™

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P16 www. NEWSBASE .com Week 12 22•March•2023