Page 16 - EurOil Week 34 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global LNG and oil project also involves Shell,
(NRG), in which the reader is invited to join which announced earlier this year it would
our team of international editors, who provide a withdraw from Russia in response to Mos-
snapshot of some of the key issues affecting their cow’s invasion of Ukraine.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Peru LNG Resumes Exports After
link for each section the full text will be available July Shutdown
as before. Peru LNG, the operator of a natural gas
liquefaction plant and export terminal in
AfrOil: NNPC Ltd Signs Renegotiated PSCs Pampa Melchorita, resumed exports in
For Five Deepwater Blocks the first two weeks of August following a
Nigerian National Petroleum Co. Ltd (NNPC planned shutdown in July.
Ltd) has completed the process of negoti- According to data from Peru’s national
ating new production-sharing contracts oil company (NOC) Perupetro, the Peru
(PSCs) for five deepwater blocks in a move LNG consortium resumed loadings after
that is expected to unlock more than $500bn completing its maintenance programme
in revenue for the West African country. and has loaded two cargoes since the begin-
ning of August.
AsianOil: Dorado Delays
Santos has postponed the $2bn development LatAmOil: ExxonMobil May Use Tie-Backs
of the Dorado oilfield off the coast of West- To Expand Production At Stabroek
ern Australia, concluding that soaring costs Mike Ryan, production manager at Exx-
relating to the construction of a floating onMobil Guyana, says his company is
production storage and offloading (FPSO) seriously considering proposals for using
meant that the project was too risky. subsea tie-backs to link new oil finds
at the Stabroek block to existing infra-
DMEA: Israel Sees Egypt’s LNG Capacity As structure in order to improve production
Reason For Continued Co-Operation operations.
Israel will continue to work with Egypt to
boost natural gas exports to Europe, as the MEOG: ADNOC Affiliates Win More Work
latter country is its best option for producing Abu Dhabi National Oil Co.’s (ADNOC)
LNG, Energy Minister Karine Elharrar told Logistics & Services arm was this week
Israel Hayom in an interview published on awarded a $1.17bn deal to provide barges
August 12. to support the parent firm’s upstream
Elharrar explained that Israel’s caretaker expansion. The award will see ADNOC
government, led by the Yesh Atid party, had L&S lease 13 self-propelled jack-up
been willing to join with Brussels and Cairo barges to ADNOC for a period of five
in mid-June in signing a tripartite memoran- years, enabling rig-less operations and
dum of understanding (MoU) on expanding maintenance, alongside “manpower and
gas supplies to Europe because of the access equipment”.
that Israel had already gained to Egypt’s LNG
plants. NorthAmOil: Santos Sanctions Pikka Pro-
ject In Alaska
FSUOGM: Russia Sets Up New Entity To Australia’s Santos announced this week
Manage Sakhalin-2 that it had taken a final investment deci-
The Russian state-owned entity has sion (FID) on Phase 1 of the Pikka oil pro-
assumed full control over the Sakhalin-2 ject on Alaska’s North Slope. The company See the archive and
LNG terminal in the Far East, after the has pegged total capital expenditure on sign up to receive
Russian government previously accused the project at $2.6bn, with Santos’ share *NRG Editor’s Picks*
the project’s foreign partners of violating accounting for $1.3bn as a 51% shareholder for free by email each
their shareholder obligations. in Pikka. The remaining stake in the project week here
Operated by Gazprom, the Sakhalin-2 is held by Spain’s Repsol.

P16 www. NEWSBASE .com Week 34 26•August•2022