Page 16 - LatAmOil Week 18 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global investments in Russia.
(NRG), in which the reader is invited to join
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Aliyev says TAP pipeline will
regional beats. We hope you will like NRG’s new reach full capacity in 2022
concise format, but by clicking on the headline Ilham Aliyev, the president of Azerbaijan, said
link for each section the full text will be available on April 29 that the Trans Adriatic Pipeline
as before. (TAP) was on track to reach its full capacity of
10bn cubic metres per year in 2022, up from 8.2
AfrOil: TotalEnergies joins other IOCs in bcm in 2021. The system will deliver 10bn cubic
selling Nigerian onshore assets metres of natural gas to Italy, he stated at a con-
TotalEnergies (France) intends to join other ference in Baku.
international oil companies in trimming its
onshore portfolio in Nigeria. It will accomplish
this goal by unloading its minority stake in Shell GLNG: Gunvor secures long-term deal
Petroleum Development Corp. (SPDC), a joint with Energy Transfer for US LNG
venture that operates 19 onshore oil and gas Swiss-based commodity trader Gunvor is to
licences in the southern part of the country. buy 2mn tonnes per year of LNG from Energy
Transfer’s proposed Lake Charles LNG export
terminal. Gunvor agreed to a 20-year FOB deal
AsianOil: India reportedly discussing oil as European buyers look to tie in long-term sup-
import deal with Russia ply deals for US LNG supplies at below the cur-
India is reportedly engaged in high-level talks rent high spot prices.
with Russia over a six-month deal to import oil.
This comes amid a rise in the South Asian coun-
try’s purchases of Russian crude in the wake of MEOG: Iran looks for alternatives
the war in Ukraine. As the chances of resuscitating the Joint Com-
prehensive Plan of Action (JCPOA) appear to
grow slimmer by the day, Tehran is courting
DMEA: Ghana offers optimism on Tema alternative political ties as a means to bring eco-
This week, DMEA looks at the voicing of opti- nomic opportunity. Meanwhile, Iraqi Prime
mism about the rehabilitation of Ghana’s only oil Minister Mustafa al-Kadhimi has said that Teh-
refinery. Ghanaian President Nana Akufo-Addo ran and Riyadh are working towards a mutual
provided an update on efforts to repair and rein- understanding on improving bilateral relations.
state capacity at the country’s Tema refinery.

NorthAmOil: ExxonMobil, Chevron post
EurOil: BP attributes record quarterly loss first-quarter profits
to Russia exit US-based ExxonMobil and Chevron have
UK-listed super-major BP has posted a record posted multi-billion-dollar profits for the first
loss of $20.4bn for the first quarter of 2022. quarter of 2022, during which WTI crude prices
The company also reported its strongest oper- averaged $95 per barrel and briefly topped $120
ational performance in more than a decade on per barrel. ExxonMobil reported net income for
the back of strong commodity prices, but this the quarter of $5.5bn, or $1.28 per share, down
was wiped out by a $24.4bn write-down in the from $8.9bn in the fourth quarter of 2021 but up
quarter, largely related to BP’s decision to exit its from $2.7bn in the first quarter of last year. ™

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P16 www. NEWSBASE .com Week 18 05•May•2022