Page 16 - DMEA Week 29 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global export routes for its substantial gas reserves, as
(NRG), in which the reader is invited to join Europe, its largest market, pushes to eliminate
our team of international editors, who provide a Russian gas imports.
snapshot of some of the key issues affecting their
regional beats. By clicking on the headline link GLNG: Bulgaria’s Overgas signs LNG MoU
for each section the full text will be available. Bulgaria’s Overgas, part-owned by US-based
Linden Energy, has signed a memorandum of
AfrOil: DRC increases block offering understanding with US LNG ship operator on
The Democratic Republic of Congo (DRC) acquiring 1bn cubic metres per year of natural
has increased the number of blocks included gas from the latter’s planned regasification ter-
in an upcoming licensing round from 16 to 30, minal in Vlora in south Albania.
Minister of Hydrocarbons Didier Budimbu The deal paves the way for the two sides to
announced on July 18. negotiate a 10-year sales and purchase agree-
In a Twitter post, Budimbu said his min- ment for the gas supply.
istry would start accepting bids for 27 poten-
tially oil-bearing blocks and three potentially LatAmOil: Fuel imports rise, as asphalt drops
gas-bearing blocks in Lake Kivu on July 28-29. The volume of refined petroleum products deliv-
ered to Brazil and Argentina has been climbing
AsianOil: CNOOC innovates, invites bids this month, as South American fuel traders seek
China National Offshore Oil Corp. (CNOOC) to cover the seasonal rise in demand during the
has launched its first self-developed subsea Southern Hemisphere’s summer harvest season
Christmas tree system in the Bohai Sea, Chinese and inventory build-up ahead of the heating
media have reported. season. According to shipping and commodity
The state-owned company said in a separate tracking data compiled by S&P Global Platts, the
announcement that it was offering 13 offshore number of cargoes bound for Brazil hit 42 as of
oil and gas blocks up for bidding by foreign com- July 19.
panies in 2022.
MEOG: Iran signs $40bn Gazprom deal
EurOil: Uniper seeks $2bn boost in credit line In this week’s MEOG, Iran seals a major foreign
German energy giant Uniper announced on July direct investment deal from Russia’s state gas
18 it was seeking an increase in a €2bn ($2.04bn) giant.
state credit line, after drawing down the full The National Iranian Oil Co. (NIOC) and
amount to deal with the financial fallout from Russia’s Gazprom this week signed a memo-
reduced Russian gas supply. randum of understanding covering investment
Uniper has filed an application to increase worth around $40bn. The deal was signed by
the line with state bank KfW, and earlier this NIOC CEO Mohsen Khojastehmehr and Gaz-
month also applied for the German government prom deputy chairman Vitaly Markelov and will
to introduce emergency stabilisation measures, include field development, product swaps and
which would allow the company to pass on the completion of midstream projects, including
increased procurement costs to customers, and LNG facilities and pipelines.
secure a bailout that would give the government
a stake in the company. NorthAmOil: Halliburton’s improved results
In this week’s NorthAmOil, we look at oil-
FSUOGM: Planning Power of Siberia 2 field services giant Halliburton’s Q2 results
Mongolian Prime Minister Oyun-Erdene announcement. The company, unencumbered
Luvsannamsrai has said he expects construction by a $344mn write-down from the closure of
of the Power of Siberia 2 gas pipeline to begin in its Russian assets, posted a 41% increase in Q2
the landlocked country in 2024, and for gas flow profit compared to the first quarter, driven by
to start in 2030. higher demand for drilling on the back of buoy-
Moscow is scrambling to develop alternative ant oil prices.™

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P16 www. NEWSBASE .com Week 29 21•July•2022