Page 18 - EurOil Week 05 2023

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup GLNG: Germany to look at restricting Rus-
Global (NRG), in which the reader is invited sian LNG imports
to join our team of international editors, who Germany’s government wants to limit Russian
provide a snapshot of some of the key issues LNG purchases as part of efforts to ratchet up
affecting their regional beats. We hope you will pressure on Moscow’s revenue stream, Bloomb-
like NRG's new concise format, but by clicking erg reported this week.
on the headline link for each section the full text Citing written responses by Germany’s
will be available as before. deputy energy minister, Patrick Graichen,
to questions submitted by opposition
lawmakers, the news agency reported that
AfrOil: Reports Surface Of New Shell Dis- the government could require gas buyers
covery Offshore Namibia to disclose the origin of the LNG they
Shell (UK) has made a new discovery in the purchase, if the volume is more than a
Orange basin offshore Namibia, according to a certain amount.
report from Upstream Online.
Three informed sources told the LatAmOil: T&T Wins Two-Year Waiver For
publication that the multi-national had Joint Gas Project With Venezuela
found hydrocarbons in Jonker-1, a well Keith Rowley, the prime minister of Trinidad
drilled at Block 2913A. and Tobago, revealed that US authorities have
agreed to let his country proceed with the devel-
AsianOil: Santos Suffers Further Delays At opment of Dragon, a natural gas field offshore
Barossa Project Venezuela.
Australia’s Santos has suffered more delays at Some sources have reported that Venezuela’s
its $3.6bn Barossa gas project in the country’s national oil company (NOC) PdVSA will
north, after a regulator instructed the company serve as operator of the project, which
to assess environmental risks to underwater targets a section of the maritime boundary
indigenous cultural heritage before commenc- line between Trinidad and Tobago and
ing pipeline construction. Venezuela.
Australia’s offshore regulator announced
the requirement on January 13. MEOG: OQ Outlines Plans For Abraj IPO
Omani state oil firm OQ this week disclosed
DMEA: Uganda To Take Hoima FID In June its plans to sell up to 49% of its Abraj Energy
Uganda’s planned 60,000 barrel per day Services drilling arm in an initial public offer-
(bpd) refinery at Kabale in Hoima district is ing (IPO) on the Muscat Securities Market
expected to begin production by 2025, pend- (MSX).
ing a final investment decision (FID) to be Documents posted on the Abraj website
made in June. said that the subscription period would
The project is expected to cost around begin in February ahead of a March listing,
$4bn, but a more precise figure will be with Bloomberg reporting in September
provided during the decision-making that such a move could raise up to $500mn.
process.
NorthAmOil: Hess To Focus In 2023 On
FSUOGM: Russia’s Current Account Sur- Bakken Shale Play
plus Falls By $16bn To $31bn In 4Q22 Hess Corp. will focus more than 80% of a
The value of imports into Russia in the fourth $3.7bn capital and exploratory budget in 2023
quarter of 2022 decreased at a slower pace on a four-rig drilling programme in the Bakken See the archive and
year on year, the Central Bank of Russia shale, and also on development in Guyana. sign up to receive
(CBR) reported on January 26. Net production in the Bakken, in *NRG Editor’s Picks*
The positive change was driven by the North Dakota, is forecast to average for free by email each
reorientation of imports to countries that had 165,000-170,000 barrels of oil equivalent week here
not introduced sanctions against Russia and per day (boepd), said the New York-
by the expansion of parallel imports, the CBR based exploration and production
said in a report. company.

P18 www. NEWSBASE .com Week 05 02•February•2023