Page 16 - MEOG Week 34 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Portovaya compressor station on the Baltic Sea
(NRG), in which the reader is invited to join shore that handles Nord Stream’s gas flow will be
our team of international editors, who provide a closed so that joint maintenance can be carried
snapshot of some of the key issues affecting their out by specialists from Gazprom and Germany’s
regional beats. By clicking on the headline link Siemens, the unit’s manufacturer.
for each section the full text will be available.
FSUOGM: A new entity for Sakhalin-2
AfrOil: NNPC renegotiates PSCs The Russian state-owned entity has assumed full
Nigerian National Petroleum Co. Ltd (NNPC control over the Sakhalin-2 LNG terminal in the
Ltd) has completed the process of negotiating Far East, after the Russian government previ-
new production-sharing contracts for five deep- ously accused the project’s foreign partners of
water blocks in a move that is expected to unlock violating their shareholder obligations.
more than $500bn in revenue for the West Afri- Operated by Gazprom, the Sakhalin-2
can country. LNG and oil project also involves Shell, which
NNPC Ltd announced this development on announced earlier this year it would withdraw
August 12, saying that the renegotiated PSCs from Russia in response to Moscow’s invasion
covered the offshore blocks known as OML 128, of Ukraine.
OML 130, OML 132, OML 133 and OML 138.
GLNG: Peru LNG resumes exports
AsianOil: Dorado delays Peru LNG, the operator of a natural gas lique-
Santos has postponed the $2bn development of faction plant and export terminal in Pampa
the Dorado oilfield off the coast of Western Aus- Melchorita, resumed exports in the first two
tralia, concluding that soaring costs relating to weeks of August following a planned shutdown
the construction of a floating production storage in July.
and offloading (FPSO) vessel meant that the pro- According to data from Peru’s national oil
ject was too risky. company Perupetro, the Peru LNG consortium
The Australian major reported in its half-year resumed loadings after completing its mainte-
results last week that “inflationary cost environ- nance programme and has loaded two cargoes
ment and supply chain uncertainty [do] not sup- since the beginning of August.
port [a final investment decision] in 2022.”
LatAmOil: Tie-backs for Stabroek push
DMEA: Israel keen to work with Egypt Mike Ryan, production manager at ExxonMobil
Israel will continue to work with Egypt to boost Guyana, says his company is seriously consider-
natural gas exports to Europe, as the latter coun- ing proposals for using subsea tie-backs to link
try is its best option for producing LNG, Energy new oil finds at the Stabroek block to existing
Minister Karine Elharrar told Israel Hayom in an infrastructure in order to improve production
interview published on August 12. operations.
Elharrar explained that Israel’s caretaker Ryan was quoted by OilNOW.gy as saying on
government, led by the Yesh Atid party, had August 15 that ExxonMobil Guyana’s priority
been willing to join with Brussels and Cairo in was optimum development of its resources and
mid-June in signing a tripartite memorandum that tie-backs were among the options the com-
of understanding on expanding gas supplies pany might pursue.
to Europe because of the access that Israel had
already gained to Egypt’s LNG plants. NorthAmOil: Santos signs off on Pikka
Australia’s Santos announced this week that it
EurOil: Three-day Nord Stream shutdown had taken a final investment decision on Phase 1
Russia plans to close down the Nord Stream gas of the Pikka oil project on Alaska’s North Slope.
pipeline for three days between August 31 and The company has pegged total capital
September 2, in a move that will put further expenditure on the project at $2.6bn, with San-
strain on the European gas market. tos’ share accounting for $1.3bn as a 51% share-
The only working compressor unit at the holder in Pikka.™

See the archive and sign up to
receive *NRG Editor’s Picks* for
free by email each week here

P16 www. NEWSBASE .com Week 34 24•August•2022