Page 17 - LatAmOil Week 07 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Russian invasion of Ukraine could occur within
(NRG), in which the reader is invited to join days. US President Joe Biden’s National Security
our team of international editors, who provide a Advisor Jake Sullivan warned late on February
snapshot of some of the key issues affecting their 11 that Russia could launch a military incursion
regional beats. We hope you will like NRG’s new “any day now” – possibly even before the Winter
concise format, but by clicking on the headline Olympics in Beijing end.
link for each section the full text will be available
as before. FSU OGM: Rosneft profits hit record on
high prices
AfrOil: Head of TotalEnergies qualifies Profits at Russia’s largest oil company Rosneft
statements on Mozambique LNG restart surged to a record-high last year on the back of
Patrick Pouyanné, the CEO of TotalEnergies rising oil and gas prices and economic recovery,
(France), has qualified his recent statements which more than offset the impact of OPEC+
about the possibility that work on the Mozam- restrictions. The company, which accounts
bique LNG project may resume before the end of for 40% of Russian oil output, achieved a sev-
this year. Speaking with analysts during an earn- en-fold increase in ruble terms in net profit to
ings call on February 10, Pouyanné stressed that RUB883bn ($11.8bn), while in US dollar terms,
security conditions would determine when work it rose almost sixfold to $11.9bn.
on Mozambique LNG might resume.
GLNG: China seeks greater global LNG
AsianOil: ConocoPhillips contracts rig for trading role
Malaysian drilling campaign China is reportedly working to establish itself
Units of the US independent ConocoPhillips as a major player in global LNG trading, as it
have contracted Icon Offshore to provide a expands natural gas consumption. The move is
jack-up rig for a multi-well drilling campaign coming around 20 years after the country made
offshore Malaysia that is due to start in Q2-2022. a similar push into crude oil trading.
According to a February 11 filing, Icon’s I Oilfield
Services subsidiary was issued a letter of award MEOG: PIF picks up Aramco shares
by two units collectively known as ConocoPhil- Saudi Crown Prince Mohammed bin Salman
lips Sarawak on December 23, 2021. this week transferred 4% of Aramco’s shares to
the Kingdom’s sovereign wealth fund, the Pub-
DMEA: Karbala progresses, Sapref shuts lic Investment Fund (PIF). Meanwhile, Iran’s
Iraq’s Karbala refinery is set to begin commis- Petroleum Engineering and Development Co.
sioning on schedule in September before ramp- (PEDEC) said this week that production capac-
ing up to full capacity in 2023, according to the ity at the South Azadegan oilfield will increase by
facility’s director. Meanwhile, BP and Shell have 15,000 barrels per day (bpd) by the end of next
announced plans to suspend operations at the month.
Sapref refinery indefinitely, saying they cannot
commit to further expenditures until they make NorthAmOil: Alberta reportedly planning
a decision on the fate of the plant, which they to toughen oil sands emissions standards
have been operating through a joint venture. The provincial government of Alberta is report-
edly planning to toughen its greenhouse gas
EurOil: European gas prices bullish amid emissions standards for oil sands mines. The
invasion warnings move would close a loophole that allowed some
TTF gas prices were bullish in early trading of the highest-emissions facilities to claim mil-
this week, after the White House warned that a lions of dollars’ worth of tradeable credits. ™

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Week 07 17•February•2022 www. NEWSBASE .com P17