Page 12 - NorthAmOil Week 50 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global Arctic LNG-2 project is still on track to start up
(NRG), in which the reader is invited to join in December next year, while the second and
our team of international editors, who provide a third trains should come online in 2024 and
snapshot of some of the key issues affecting their 2026 as initially planned, a project director told
regional beats. We hope you will like NRG’s new reporters on December 12. There have been
concise format, but by clicking on the headline link heightened concerns about whether the time-
for each section the full text will be available as frame for Arctic LNG-2’s development will be
before. revised in light of Western sanctions and other
fallout from Moscow’s invasion of Ukraine,
AfrOil: BW Energy preparing for 3D study although Novatek and Russian authorities have
of Kudu field insisted that there are no changes to the existing
BW Energy (Norway) says it will conduct a 3D plan.
seismic survey of the Kudu natural gas field off-
shore Namibia in order to identify additional GLNG: Sempra signs offtake agreement
exploration targets and attract a new investment with Port Arthur LNG
partner. The Oslo-listed firm revealed in a state- Sempra has announced an offtake agreement
ment on December 2 that it had signed a con- with Engie for liquefied natural gas from Sem-
tract on the collection of 4,600 square km of 3D pra’s proposed Port Arthur LNG facility. For 15
seismic data from Production Licence 3, an off- years, Engie will receive some 0.875mn tonnes
shore block that includes the Greater Kudu area. per year of LNG from the Port Arthur LNG
Phase I project, on the Gulf of Mexico.
AsianOil: Petronas makes “significant” oil
find off Malaysia LatAmOil: Stabroek partner to buy $750mn
Malaysia’s Petronas has reported what it in carbon credits from Guyana
describes as a “significant” oil discovery at US-based Hess, a minority shareholder in the
a well off the coast of Sarawak. The find was offshore Stabroek block, has signed an agree-
made at the Nahara-1 well at Block SK306, ment with the government of Guyana on the
some 150 km from Bintulu, where Malaysia’s purchase of 37.5mn carbon credits between
main LNG export is located. 2022 and 2032. The document, which was final-
ised at a ceremony witnessed by the company’s
DMEA: TNP, Forcados restarts bring Nigeri- CEO John Hess and Guyanese President Irfaan
an oil output up to 1.6mn bpd Ali, provides for Hess to acquire 2.5mn carbon
Nigeria has pushed crude oil production up to credits per year for the period between 2016 and
1.6mn barrels per day thanks to the re-opening 2030.
of the Forcados terminal and the partial resump-
tion of shipments through the Trans-Niger Pipe- MEOG: ADNOC and Petronas sign uncon-
line (TNP), according to a subsidiary of Nigerian ventional deal
National Petroleum Co. Ltd (NNPCL). Bala Abu Dhabi National Oil Co. (ADNOC) this
Wunti, the head of National Upstream Investment week signed a deal with Petronas that awards
Management Services (NUIMS), told Arise TV in the Malaysian firm the first concession for
an interview on December 7 that output levels had unconventional oil development in the Mid-
risen by 350,000 bpd due to these developments. dle East. Under the terms of the agreement,
Petronas was granted 100% operatorship of
EurOil: Neptune has made third oil, gas the six-year exploration phase of the Uncon-
find in six months ventional Onshore Block 1 asset which covers
Neptune Energy has made its third oil and gas more than 2,000 square km in the western Al
discovery in the last six months, in the Norwe- Dhafra region of Abu Dhabi.
gian Sea, the Norwegian Petroleum Directorate
(NPD) reported on December 9, estimating NorthAmOil: Los Angeles bans new oil
the size of the find at 6.3mn-22mn barrels of oil wells, to close existing wells
equivalent. The Calypso discovery well, 14 km Los Angeles city councillors have voted
north-west of the Neptune-operated Draugen unanimously to ban existing oil wells within
field, encountered an 8-metre gas column and city boundaries immediately, and to phase
a 30-metre oil column in the Garm formation, out existing ones within 20 years. There
with reservoir quality of “good to very good,” the are 26 oil and gas fields – and some 5,000
NPD said. wells – within the metropolis, the country’s
second-largest.
FSUOGM: Novatek says Arctic LNG-2 re-
mains on track for 2023 launch See the archive and sign up to receive NRG Editor’s
The first train at Novatek’s 20mn tonne per year Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 50 15•December•2022