Page 18 - LatAmOil Week 13 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global refining sector “almost independent” from Mos-
(NRG), in which the reader is invited to join cow by the end of 2022, the country’s economy
our team of international editors, who provide a minister, Robert Habeck, said on March 28. Ber-
snapshot of some of the key issues affecting their lin has radically changed its energy policy since
regional beats. We hope you will like NRG’s new Russia’s invasion of Ukraine on February 24.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Russian requires ruble pay-
as before. ments within days
The Kremlin has warned its Western adversaries
AfrOil: NUPRC highlights oil thefts from that Russia’s state-owned gas supplier Gazprom
Bonny, Forcados, Brass pipeline networks will demand payment for its supplies in rubles
The Nigerian Upstream Petroleum Regulatory within days, in what marks Moscow’s toughest
Commission has identified the pipeline net- response to Western sanctions imposed for the
works serving the Bonny, Forcados and Brass invasion of Ukraine. Russian President Vladimir
terminals as the biggest sources of crude oil theft Putin, who describes Western sanctions as akin
in the country. In a meeting with representa- to economic warfare, has said that Russia’s Cen-
tives of the Independent Petroleum Producers tral Bank and Gazprom should require all pay-
Group and the Oil Producers Trade Section on ments for Russian gas by so-called “unfriendly
March 24, NUPRC officials said that these three states” to be paid in rubles.
networks appeared to be particularly vulnera-
ble because of the economic challenges facing GLNG: Tellurian starts construction on
host communities and some investors’ failure to Driftwood LNG
engage adequately with residents. US-based Tellurian announced on March 28 that
it had kicked off construction on its Driftwood
AsianOil: Sinopec plans biggest capex LNG terminal on Louisiana’s Gulf Coast. The
budget in history company has issued engineering, procurement
China’s Sinopec is targeting the largest capex and construction contractor Bechtel with a lim-
budget in its history for 2022. This comes after ited notice to proceed.
the state-owned company recorded its highest
profit in a decade, and is in line with Beijing’s call MEOG: Iranian drilling and supplies for
for energy companies to ramp up production. Jordan
National Iranian Drilling Co. (NIDC) has
DMEA: Shootout at Dangote started a 10-well campaign at the supergiant
Nigeria’s Dangote Refinery came under attack South Azadegan oilfield in the south of the coun-
this week as an armed group exchanged fire try. Meanwhile, the Jordanian government this
with security personnel during an attempt to week agreed to renew an agreement to import
steal equipment. Lagos State Police Command 10,000 barrels per day of Kirkuk crude from Iraq
reported that it had foiled an attempted attack after the previous deal expired in January.
on the refinery, which is scheduled to begin
operations in September at an initial capacity of NorthAmOil: Shell starts production at
540,000 barrels per day. PowerNap project in Gulf
Shell announced on March 29 that it had started
EurOil: Germany unveils plan to phase out production at the PowerNap project in the US
Russian energy Gulf of Mexico. PowerNap is a subsea tieback to
Germany is looking to halve its imports of Rus- the Olympus platform, which is also operated by
sian oil by the middle of this year and make its Shell and located in the Mars Corridor. ™

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P18 www. NEWSBASE .com Week 13 31•March•2022