Page 19 - AfrOil Week 16 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global like a “boomerang,” hurting the countries that
(NRG), in which the reader is invited to join our introduced them more. The EU declared ear-
team of international editors, as they provide a lier this month that it would ban Russian coal
snapshot of some of the key issues affecting their imports, and the European Commission has
regional beats. We hope you will like NRG’s new signalled it will impose restrictions on oil sup-
concise format, but by clicking on the headline plies as well in its upcoming sanctions package.
link for each section the full text will be available
as before. GLNG: Japanese government to support
investment in new LNG import sources
AsianOil: Petronet may consider fourth Japan aims to increase its LNG important capac-
LNG import terminal in India ity and investment by Japanese companies in
India’s Petronet LNG may consider building a upstream production projects worldwide. Japa-
fourth LNG import terminal in India in order to nese Minister of Economy, Trade and Industry
meet rising demand. Petronet’s CEO, AK Singh, Koichi Hagiuda said that the government was
told the Press Trust of India last week that the concentrating on reducing its dependency on
company expects Indian gas demand to continue imports of Russian LNG.
growing.
LatAmOil: ANP notes strong interest in
DMEA: Saudi petchems and Sonangol’s Brazil’s latest bidding round
strategy Brazil’s National Agency of Petroleum, Natural
Saudi’s Sipchem this week posted a 162% Gas and Biofuels (ANP) reported last week that
increase in net profit for the first quarter of the most recent bidding round, the Third Cycle
the year, buoyed by reduced finance costs and of the Open Acreage in the Concession Model,
increased profits from JVs. Meanwhile, Ango- had attracted more attention than anticipated.
lan NOC Sonangol has decided to move forward According to Rodolfo Saboia, the agency’s direc-
with the construction of a new refinery at Lobito, tor-general, shows of interest from investors out-
even though it has yet to choose a partner for the weighed all expectations.
project, according to Sebastião Gaspar Martins,
the company’s president. MEOG: ADES continues fleet expansion
Indian drilling company Aban Offshore this
EurOil: Irish government to reconsider week announced that it has agreed a deal to sell
stance on LNG four jack-up rigs to Saudi Arabia’s ADES Group
Ireland has followed other European nations as the companies plot opposing courses. Mean-
in announcing a new strategy to bolster energy while, the Iraqi government is seen making a
security in response to Russia’s war in Ukraine decision on the finalisation of a contract for the
and soaring energy prices globally. But while the Akkas gas field in the western Al Anbar Gover-
government said in the strategy it might recon- norate by early May.
sider its opposition to building LNG import ter-
minals, there were no hints that it could reverse NorthAmOil: Biden administration restarts
its position against domestic gas exploration. onshore lease sales
The administration of US President Joe Biden
FSU OGM: Novak warns that Russian announced on April 15 that it was restarting oil
energy sanctions are like a “boomerang” and gas leasing on federal land. The move marks
Russian Deputy Prime Minister and former the end of a pause on new onshore federal leas-
Energy Minister Alexander Novak has warned ing that was imposed in the early days of Biden’s
that sanctions against Russia’s energy sector act presidency. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 16 20•April•2022 www. NEWSBASE .com P19