Page 17 - FSUOGM Week 28 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global and other low-carbon technologies
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: Shell Subsidiary Signs 20-Year LNG
snapshot of some of the key issues affecting their Supply Deal With MPL Plant In Mexico
regional beats. We hope you will like NRG's new Shell Shell (UK) announced on July 12 that
concise format, but by clicking on the headline its subsidiary Shell Eastern Trading Ltd had
link for each section the full text will be available arranged to purchase 2.6mn tonnes per year
as before. (tpy) of LNG from a new gas liquefaction
plant slated for construction at Puerto Liber-
AfrOil: Shell Suspends SPDC Stake Sale tad in Mexico’s Sonora State.
Shell (UK) has put plans for selling its 30% In a statement, Shell said that its sub-
stake in the Shell Petroleum Development sidiary had signed a sales and purchase
Corp. (SPDC) joint venture on hold pending agreement (SPA) with an affiliate of the
the Nigerian Supreme Court’s resolution of a future plant’s owner and operator Mexico
lawsuit related to an oil spill in 2018. Pacific Ltd (MPL), which is controlled by
The company’s Nigerian arm confirmed the US investment firm AVAIO Capital.
that the deal was on hold in a statement
dated June 30. LatAmOil: Shell Signs 20-Year LNG Supply
Deal With MPL
AsianOil: Russian Oil Exports To Asia De- Shell (UK) announced on July 12 that its
cline subsidiary Shell Eastern Trading Ltd had
Russia’s seaborne crude oil exports in the arranged to purchase 2.6mn tonnes per year
seven days up to July 1 rebounded from a (tpy) of LNG from a new gas liquefaction
slump in the previous week, Bloomberg plant slated for construction at Puerto Lib-
reported on July 4, but deliveries to Asian ertad in Mexico’s Sonora State.
markets are declining. In a statement, Shell said that its sub-
sidiary had signed a sales and purchase
DMEA: OPEC Gives Refining Update agreement (SPA) with an affiliate of the
This week’s DMEA includes coverage of future plant’s owner and operator Mexico
OPEC’s latest review of its members’ refin- Pacific Ltd (MPL), which is controlled by
ing capacities. the US investment firm AVAIO Capital.
The release this week of the 2022 OPEC
Annual Statistical Bulletin included over- MEOG:Gulf E&P Uptick
view data of refining capacity among This week’s MEOG includes coverage of the
member states. However, rather than continued resurgence in Middle Eastern
providing an accurate picture of OPEC E&P.
refining activity in 2021, the data offers a A Kuwait-Saudi working group focused
best-case scenario processing level, once on the development of joint oil and gas pro-
major overhaul and expansion projects jects met this week to discuss the accelera-
have been completed. tion of efforts in their Partitioned Neutral
Zone (PNZ).
Euroil: EU Deputy Warns Of "Conflict And
Strife" This Winter Amid Energy Costs NorthAmOil: US Government Releases
The EU’s second most senior official has 2023-2028 Offshore Drilling Plan
warned that the bloc runs the risk of “very, The US Department of the Interior released its
very strong conflict and strife” this winter new five-year offshore drilling plan on July 1,
over the high cost of energy, and in the short saying it would carry out no more than 11 new See the archive and
term, he called for the EU to expand its sup- potential Atlantic and Pacific lease sales during sign up to receive
ply of fossil fuels to alleviate the crisis. the 2023-2028 period. In a statement, it said no *NRG Editor’s Picks*
In July last year, the EU passed its sweep- more than 10 of these lease sales would cover for free by email each
ing Fit-for-55 climate package, aimed at rap- acreage in the Gulf of Mexico, while no more week here
idly reducing the use of oil, gas and coal and than one would cover acreage in Alaska’s Cook
expanding the deployment of renewables Inlet.

Week 28 13•July•2022 www. NEWSBASE .com P17