Page 16 - LatAmOil Week 01 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global changes will have a major impact on the oil and
(NRG), in which the reader is invited to join gas industry. To this end, Brussels has published
our team of international editors, who provide a its Fit for 55 package, which includes changes to
snapshot of some of the key issues affecting their the emissions trading system, the introduction
regional beats. We hope you will like NRG’s new of a cross-border carbon tax and many other
concise format, but by clicking on the headline regulatory tweaks.
link for each section the full text will be available
as before. FSU OGM: A bumper year for Gazprom
Gazprom is on track to produce record profits
AfrOil: No deadline for Sonangol IPO yet this year on the back of Europe’s worst energy
Angola is gearing up for partial privatisation of crunch in decades. But it is not all good news for
the national oil company (NOC) Sonangol but Russia’s state gas giant. Its flagship Nord Stream
has not yet set a target date, according to Edson 2 project remains in limbo, with the certifica-
Pongolola, the director of the firm’s planning and tion process in Germany set to drag on into the
control department. Pongolola confirmed in late second half of this year.
December that Luanda still intended to unload
30% of the NOC through an initial public offer- GLNG: Venture Global strikes supply deal
ing of stock (IPO) and might begin the process with CNOOC
before the end of 2022. US-based Venture Global LNG announced in
late December that it had struck a deal to sup-
AsianOil: Prelude FLNG shutdown ply LNG to a subsidiary of China National Off-
extended by regulator’s order shore Oil Corp. (CNOOC). This marks the first
Australia’s National Offshore Petroleum Safety LNG supply agreement signed between govern-
and Environmental Management Authority ment-controlled CNOOC and a US exporter of
(NOPSEMA) has ordered Shell not to restart its the fuel.
Prelude floating LNG facility until the company
can prove that it can keep the vessel properly MEOG: Iraqi drilling and Saudi contracts
powered and that safety systems are operational. State-owned Iraqi Drilling Co. (IDC) has main-
The order comes in response to Shell’s move to tained momentum from 2021 into the New
take Prelude offline after the facility, located off- Year, completing work on a well in the north
shore Western Australia, lost power after a fire. of the country and kicking off a new well in the
south-east. Meanwhile, Saudi Aramco last week
DMEA: NNPC deals with refinery fire awarded five major engineering, procurement
Nigeria National Petroleum Corp. (NNPC) has and construction contracts worth more than
extinguished a fire that broke out at its Port Har- $4.5bn for work on the Zuluf crude increment
court Refining Complex (PRHC) on January programme.
1 without any extensive damage to the facility.
Meanwhile, QatarEnergy this week awarded a NorthAmOil: Washington approves
contract to US-based contractor McDermott additional SPR release to ExxonMobil
International for the offshore scope of its North The US Department of Energy announced
Field Expansion project. on December 30 that it had approved a third
exchange of crude from the country’s Strategic
EurOil: A year of regulatory reform Petroleum Reserve for release to ExxonMobil.
The EU is preparing a series of sweeping regu- The release is part of US President Joe Biden’s
latory reforms this year in order to align its laws strategy to help ease oil supply challenges and
with its climate ambitions, and many of these lower gasoline prices. ™

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P16 www. NEWSBASE .com Week 01 06•January•2022