Page 16 - DMEA Week 17 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Western equipment and technology, not to men-
(NRG), in which the reader is invited to join tion financing to cover its $21bn cost.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: GTT wins LNG tank design work
regional beats. France’s GTT has won a contract from South
We hope you enjoy NRG’s new concise for- Korean shipbuilder Samsung Heavy Industries
mat, but by clicking on the headline link for each (SMI) to design a tank for a new LNG Carrier
section the full text will be available as before. (LNGC).
GTT said in a statement that the carrier
AfrOil: Cameroon bemoans sanctions would have a total LNG tank capacity of 180,000
Cameroon’s Energy Ministry is blaming Western cubic metres and would be fitted with the Mark
sanctions on Russia for the fuel shortages that III Flex membrane containment system, devel-
have broken out around the country, according oped by GTT.
to a report from Voice of America.
Ministry officials said last week that Came- LatAmOil: Pressure on Pemex
roon had started running low on fuel earlier in Mexico’s national oil company Pemex has
April because the imposition of sanctions trig- reportedly come under more pressure from
gered a rise in crude prices that made imports the Finance Ministry to resume payments on
more expensive. maturing securities, despite an earlier promise
from President Andres Manuel Lopez Obrador
AsianOil: Deal signed for Borneo FLNG to cover the firm’s obligations until the end of his
Petronas and Sabah Oil & Gas Development term in 2024.
Corp. (SOGDC) have signed a memorandum Two unnamed sources with knowledge of the
of understanding on the development of a near- matter told Reuters last week that the ministry
shore floating LNG facility in the Malaysian state had stepped up its communications with Pemex
of Sabah in Borneo. and urged the company to assume this respon-
Under the MoU, SOGDC will support Petro- sibility ahead of April 21, the deadline for paying
nas in securing all necessary approvals, permits the holders of €1bn worth of Eurobonds issued
and other requirements as they work to realise in 2015.
the project, according to local media.
MEOG: Syrian hopes and Iranian progress
EurOil: FLNG heading for the Netherlands This week’s MEOG looks at optimism about
A floating LNG plant is expected to arrive at post-sanctions Syria and Iran’s continued efforts
Eemshaven port in the Netherlands’ Groningen to expand upstream capacity.
Province in early August, helping the country UK-based Gulfsands Petroleum remains
and the wider region overcome their depend- optimistic about the potential for Syria to rein-
ence on Russian gas. vigorate its oil sector following its ravaging by 11
The Netherlands was formerly a net exporter years of civil conflict and sanctions that continue
of natural gas, and swung to becoming an to prevent the legal resumption of operations.
importer in 2018 as a result of the continued Meanwhile, Iran has announced progress on
phase-out of production at the giant Groningen more oilfield expansion projects this week as it
field. continues to work to increase production capa-
bilities across its portfolio of assets.
FSUOGM: Potential delay for Arctic LNG-2
Prospects for Russia’s second-biggest LNG NorthAmOil: CNOOC exits Flemish Pass
exporter Novatek look in doubt, after its CEO China National Offshore Oil Corp. (CNOOC)
Leonid Mikhelson warned at a sharehold- has confirmed to Canadian media that it is exit-
ers’ meeting last week that the schedule for ing the Flemish Pass Basin offshore Newfound-
its upcoming Arctic LNG-2 project could be land and Labrador.
delayed because of sanctions. The Chinese company’s exit follows an
Arctic LNG-2 has relied significantly on unsuccessful drilling campaign in the basin.™

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P16 www. NEWSBASE .com Week 17 28•April•2022