Page 16 - DMEA Week 21 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global SCF, the owner of the world’s largest fleet of
(NRG), in which the reader is invited to join mid-sized crude oil carriers, saw a large por-
our team of international editors, who provide a tion of its fleet go underutilised in the first two
snapshot of some of the key issues affecting their months after the outbreak of war in Ukraine.
regional beats.
By clicking on the headline link for each sec- GLNG: Grain LNG rates hit record highs
tion the full text will be available. The Grain LNG terminal in the UK posted
record gas send-out levels in April, as high
AfrOil: Germany, Senegal talk gas demand for gas from Europe pushed utilisation
Natural gas projects were among the key items rates up, with LNG tankers having arrived from
on the agenda at a meeting between German eight new countries since January.
Chancellor Olaf Scholz and Senegalese Presi- The terminal saw its highest ever utilisation
dent Macky Sall. rate in April, sending out an average of 431 GWh
Scholz, who kicked off his first state visit to per day, higher than the previous high of 412.2
Africa on May 22, said Germany was very keen GWh in April 2021.
on working with Senegal to develop local gas
fields, produce LNG and make use of renewable LatAmOil: Petrobras may require more LNG
energy resources. Brazil’s national oil company Petrobras has
said it may need to import more LNG due to an
AsianOil: Oz election spells uncertainty unexpected cut in shipments of natural gas from
Australia’s federal election, held on May 21, has Bolivia. Petrobras noted in a statement that sup-
resulted in a change of government following a ply concerns had arisen as a consequence of the
victory by the Australian Labor Party (ALP). fact that YPFB, the Bolivian NOC, had reduced
Results were still being counted as of May the volume of gas flowing to Brazil by 30% this
24 and it was unclear whether the ALP would month.
have an outright majority in the House of
Representatives. MEOG: Gas plans and oil discoveries
This week, MEOG covers plans to revive a pro-
EurOil: Schroeder leaves Rosneft ject to pipe gas across the Gulf and the announce-
Former German Chancellor Gerard Schroeder ment of oil discoveries in the UAE.
has resigned from the board of Russia’s state- Iran and Oman are resurrecting a project to
owned oil company Rosneft, days after the lay an underwater pipeline to transport gas to
German parliament voted to strip him of his Oman, according to Iran’s Oil Minister Javad
taxpaper-funded office and staff. Owji. Meanwhile, ADNOC has announced the
State-owned Rosneft announced Schroeder’s discovery of 650mn barrels of oil across three
departure from the board on May 20. Accord- oilfields in the Emirate.
ing to a company statement, the chairman has
informed Rosneft that he is not able to extend NorthAmOil: Major shale merger
his term. Centennial Resource Development and Colgate
Energy Partners III announced on May 19 that
FSU OGM: New business for Sovcomflot they had agreed to combine in what the compa-
Russia’s state-owned tanker operator Sovcom- nies described as a merger of equals.
flot (SCF) is still attracting plenty of business, The $7.0bn transaction values Colgate at
with a surge of recent bookings from Russian roughly $3.9bn and consists of 269.3mn shares
oil producers partially making up for the loss of Centennial stock, $525mn in cash and the
of Western clients in the wake of the invasion of assumption of around $1.4bn of Colgate’s out-
Ukraine, according to a report from Bloomberg. standing net debt.™

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P16 www. NEWSBASE .com Week 21 26•May•2022