Page 17 - LatAmOil Week 36 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global FSU OGM: Unknown Dubai firm bids for
(NRG), in which the reader is invited to join Shell’s stake in Russian oil project
our team of international editors, who provide a A little-known Dubai-based logistics company
snapshot of some of the key issues affecting their called Wellnord is reportedly prepared to buy
regional beats. We hope you will like NRG’s new Shell’s 50% stake in its Salym Petroleum Devel-
concise format, but by clicking on the headline opment (SPD) joint venture with Russia’s Gaz-
link for each section the full text will be available prom Neft. Shell vowed to withdraw from the
as before. Russian oil industry in the wake of Moscow’s
invasion of Ukraine in late February, but it has
AfrOil: FAR Ltd acquires remaining 50% had difficult offloading assets, especially since
of Gambian blocks from Petronas Russian President Vladimir Putin issued a
Australia’s FAR Ltd has bought 50% stakes in decree in early August preventing foreign com-
Block A2 and Block A5, located in The Gambia’s panies from divesting shares in what are consid-
offshore zone, from its partner Petronas (Malay- ered strategic enterprises.
sia), bringing its stake in both sites up to 100%.
The value of the deal has not been made public. GLNG: ZIM, Shell sign 10-year LNG bun-
kering deal for new container ships
AsianOil: Santos takes FID on Darwin ZIM Integrated Shipping Services (Israel) has
Pipeline Duplication Project announced the signing of a long-term LNG bun-
Australia’s Santos has taken a final investment kering contract with Shell NA LNG, a subsidi-
decision (FID) to proceed with the Darwin Pipe- ary of the UK-based major Shell, in a statement
line Duplication Project. The scheme will extend dated August 31.
the Barossa gas export pipeline to the Darwin
LNG facility and allow for the repurposing of the MEOG: Novatek leaves Lebanon
Bayu-Undan to Darwin pipeline that currently Russia’s Novatek has withdrawn from a consor-
carries natural gas from offshore Timor-Leste to tium that controls two Lebanese licences, the
the Santos-operated LNG plant. latest in a string of disappointments and delays
for Beirut as it looks to explore for resources
DMEA: ZIM, Shell sign 10-year LNG offshore. Energy Minister Walid Fayad said
bunkering deal that Novatek had cited “economic and finan-
ZIM Integrated Shipping Services (Israel) has cial [issues and] political risks” as its reasons for
secured fuel supplies for 10 new LNG-powered dropping its 20% stake in the consortium with
ships that are due to enter its fleet in 2023-2024 TotalEnergies of France and Eni of Italy, both of
under a long-term bunkering contract with a which own stakes of 40%.
subsidiary of Shell (UK).
NorthAmOil: Cheniere outlines further
EurOil: How much Azeri gas can head to expansion plans for Corpus Christi LNG
Europe? Cheniere Energy intends to add further capac-
Europe has reached out to Azerbaijan as a source ity to its Corpus Christi LNG export termi-
of additional gas supply to eliminate more of its nal in Texas, beyond the 10mn tonne per year
imports from Russia. But how much extra gas expansion that is currently under construction
the country would be able to provide, beyond the at the plant. The company has requested that
10 bcm per year it is already sending, will depend the US Federal Energy Regulatory Commission
on results from upcoming exploration work at (FERC) begin its National Environmental Policy
key fields, and whether Turkey waives its first Act (NEPA) prefiling review for two additional
right to supplies. midscale trains at Corpus Christi. ™

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Week 36 08•September•2022 www. NEWSBASE .com P17