Page 12 - NorthAmOil Week 08 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global setting its sights on significant production
(NRG), in which the reader is invited to join growth, a big jump in free cash flow and an
our team of international editors, who provide a increased focus on environmental social and
snapshot of some of the key issues affecting their governance projects. Rosneft aims to be pro-
regional beats. We hope you will like NRG’s new ducing 6.63mn barrels of oil equivalent per
concise format, but by clicking on the headline link day by the end of this decade, up from 4.93mn
for each section the full text will be available as boepd last year.
before.
GLNG: Shell warns that LNG market will
AfrOil: TotalEnergies said to be heading for remain tight in 2022
a big discovery offshore Namibia Shell said on February 21 it expected the global
Early reports indicate that TotalEnergies LNG market to remain tight in 2022, after a
(France) has made a major discovery at 6% climb in demand last year. In its latest LNG
Venus-1x, its wildcat exploration well at the PEL outlook, the super-major said that growing
56 licence area offshore Namibia. Thus far, the demand in China and South Korea drove the
company has not commented on the status of increase in consumption last year, with China
the well, which is being drilled in 3,000-metre- raising its imports by 12mn tonnes to 79mn
deep water. tonnes, surpassing Japan as the world’s largest
buyer.
AsianOil: P’nyang partners sign gas agree-
ment with PNG government LatAmOil: TotalEnergies strikes oil again
The partners in the proposed P’nyang develop- offshore Suriname
ment have signed a deal with the government of TotalEnergies (France) and its US-based part-
Papua New Guinea over the proposed develop- ner APA Corp. have reported a new discovery
ment of the field. Santos said on February 22 that in the Krabdagu-1 exploration well at Block 58
it had signed the agreement along with Exxon- offshore Suriname. In a statement dated Febru-
Mobil – the operator of P’nyang – and JX Nippon ary 21, the French major said that Krabdagu-1,
Oil & Gas Exploration. which is being drilled at a site near the eastern
edge of Block 58, had encountered about 90
DMEA: Trans Sahara deal signed metres of net oil pay.
This week’s DMEA covers the signing of a tripar-
tite deal to develop a long-awaited African gas MEOG: Saudi uptick and Iraqi drilling
pipeline and confirmation from Aramco that it is In MEOG this week we look at Saudi output
considering Asian investments. A deal between the data and more drilling by Iraq’s IDC. Data
governments of Algeria, Niger and Nigeria is seen formally confirmed this week that Saudi Ara-
breathing new life into plans to build an ambitious bia’s oil production increase by 110,000 bar-
gas pipeline that will link sub-Saharan Africa with rels per day during December, in line with its
European consumer markets. Meanwhile, Saudi OPEC+ quota. Meanwhile, the state-owned
Aramco’s President and CEO this week confirmed Iraqi Drilling Co. (IDC) this week reported
that the company is considering investments in that it had begun drilling the first of a 43-well
China amid recent reports that it has resumed talks drilling campaign at the supergiant Majnoon
for the development of a refinery in the country. oilfield as the field’s operator looks to ramp
up output.
EurOil: more North Sea M&A on the ho-
rizon NorthAmOil: FERC approves gas pipeline
Further North Sea M&A deals are on the hori- certification shake-up
zon, with both Shell and ONE-Dyas reported The US Federal Energy Regulatory Commis-
to be seeking divestments. Shell is preparing to sion (FERC) has agreed to overhaul the certi-
sell stakes in two gas fields in the southern UK fication process for new natural gas pipeline
North Sea, in line with the general trend of inter- projects. The commission voted for changes
national oil majors leaving the mature region in that would result in greater scrutiny of the eco-
recent years in favour of frontier, high-impact nomic need for new projects, as well as their
plays. environmental and local impacts.

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P12 www. NEWSBASE .com Week 08 24•February•2022