Page 17 - LatAmOil Week 27 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global a further $360mn.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSU OGM: Russia mulls rubles-for-LNG
snapshot of some of the key issues affecting their scheme
regional beats. We hope you will like NRG’s new Russia’s Gazprom may expand its rubles-for-gas
concise format, but by clicking on the headline scheme for pipeline sales to Europe to LNG as
link for each section the full text will be available well, although no decision on the matter has
as before. been taken yet. Kirill Polous, a deputy depart-
ment head at Gazprom, was quoted as saying
AfrOil: Shell suspends SPDC stake sale by Interfax as saying that the proposal stemmed
Shell (UK) has put plans for selling its 30% stake from foreign exchange competition between
in the Shell Petroleum Development Corp. pipeline gas sold in rubles and LNG sold in US
(SPDC) joint venture on hold pending the Nige- dollars.
rian Supreme Court’s resolution of a lawsuit
related to an oil spill in 2018. The company’s GLNG: Shell warns of disruptions to ship-
Nigerian arm confirmed that the deal was on ments from Prelude FLNG
hold in a statement dated June 30. Shell warned this week that shipments from its
Prelude floating LNG project offshore Australia
AsianOil: Russian oil exports to Asia sink would be disrupted until at least mid-July owing
Russia’s seaborne crude oil exports in the seven to industrial action relating to a pay dispute.
days up to July 1 rebounded from a slump in Workers on the Prelude facility began 12 days of
the previous week, Bloomberg reported on July industrial action on June 10 over the pay dispute.
4, but deliveries to Asian markets are declin- This was followed by a work ban by unions in
ing. The drop in Asian shipments comes despite the run-up to a vote on a new offer from Shell
Russia diverting oil flow to its Black Sea terminal, on July 7.
in order to cut the voyage time to India.
MEOG: Gulf E&P uptick
DMEA: OPEC gives refining update A Kuwait-Saudi working group focused on joint
The release this week of the 2022 OPEC Annual oil and gas development met this week to discuss
Statistical Bulletin included overview data of the acceleration of efforts in their Partitioned
refining capacity among member states. How- Neutral Zone (PNZ). Meanwhile, the governor
ever, rather than providing an accurate picture of Iraq’s north-western Nineveh Governorate
of OPEC refining activity in 2021, the data offers said last week that a state oil firm has discovered
a best-case scenario processing level, once major new oil and gas resources in the region.
overhaul and expansion projects have been
completed. NorthAmOil: US government releases
2023-2028 offshore drilling plan
EurOil: Ithaca closes takeover of Siccar The US Department of the Interior released its
Point Energy new five-year offshore drilling plan on July 1,
Ithaca Energy has closed the purchase of UK saying it would carry out no more than 11 new
North Sea counterpart Siccar Point Energy, potential Atlantic and Pacific lease sales during
giving the company positions in several of the the 2023-2028 period. In a statement, it said no
country’s largest fields. Under the deal, reached more than 10 of these lease sales would cover
in early April, Ithaca is paying $1.1bn upfront to acreage in the Gulf of Mexico, while no more
Siccar Point’s shareholders and may make mul- than one would cover acreage in Alaska’s Cook
tiple conditional payments that could amount to Inlet. ™

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Week 26 30•June•2022 www. NEWSBASE .com P17