Page 15 - NorthAmOil Week 12 2023

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global announced on March 10 that Elena Burmis-
(NRG), in which the reader is invited to join trova was stepping down as head of its export
our team of international editors, who provide a arm and would go on to serve as vice president
snapshot of some of the key issues affecting their of Gazprombank. Dmitry Khandoga, currently
regional beats. We hope you will like NRG’s new overseeing Gazprom’s international business,
concise format, but by clicking on the headline link will become acting director-general of Gaz-
for each section the full text will be available as prom Export, the company said on its Telegram
before. channel.

AfrOil: DRC licensing round attracts green GLNG: Qilak LNG plans $5bn LNG facility
investor in Alaska
An unconventional candidate has entered the Qilak LNG has revealed it is seeking to build
onshore bidding round launched last July by the a 4mn tonne per year LNG export terminal in
Democratic Republic of Congo (DRC) – EQX Alaska’s North Slope, to be completed by the
Biome, a US-based investment firm that focuses end of the decade. The announcement from the
on preserving biodiversity. The fund has report- company’s chief executive comes as large LNG
edly submitted offers for all 27 of the potentially importers in East Asia look to wean themselves
oil-bearing blocks included in the licensing off Russian gas following its invasion of Ukraine.
round.
LatAmOil: Pemex exploring options for re-
AsianOil: Petronas enjoys profit bump from paying debts in 2023-24
high prices, increased sales volumes Mexico’s national oil company Pemex is cur-
Malaysia’s Petronas reported on March 13 a 55% rently exploring options for repaying its heavy
climb in profits for the first quarter on the back load of debts that are due to mature in 2023
of higher prices and increased sales volumes. and 2024, according to the firm’s CEO, Octavio
However, the state-owned LNG exporter warned Romero Oropeza. In an interview with Reuters,
that prices would be more subdued this year as Romero said that the NOC might offer lenders
a result of a forecasted slowdown in the global guarantees backed by crude oil but was consid-
economy. ering other possibilities too.

DMEA: Building begins on Shaheen project MEOG: IDC completes well at East Bagh-
A ceremony was held last week in Ulsan, South dad
Korea, to mark the start of work on the $7bn Sha- The Iraqi Drilling Co. (IDC) announced last
heen integrated petrochemical plant located in week that it had completed the drilling of a well
Onsan Industrial Complex. South Korean major at the East Baghdad oilfield, to the south-east
S-Oil Corp. plans to start commercial operation of the capital city. In a statement, the company
of the plant in 2026, and noted that the facility said that its technical and engineering teams had
will produce around 3.2mn tonnes per year of drilled the EBS-H-18 well to a depth of 3,509
petrochemical products including ethylene, pro- metres, noting that it was the first of a 27-well
pylene benzene and butadiene from feedstocks drilling campaign targeting the field for its Chi-
naphtha and off-gas. nese operator EBS – a local Iraqi subsidiary of
China ZhenHua Oil Co. Ltd, itself a subsidiary of
EurOil: INEOS, Wintershall Dea launch the state-owned China North Industries Group
Greensand CCS project (Norinco).
European energy companies INEOS and
Wintershall Dea began injecting CO2 under NorthAmOil: ConocoPhillips’ Alaska Willow
the North Sea bed as part of Project Green- project approved, more of Arctic off-limits
sand on March 8, with European Commis- to oil leasing
sion President Ursula von der Leyen hailing The Biden administration has approved a scaled-
the event as a milestone in the EU’s green back version of ConocoPhillips’ $7bn Willow
transition. Project Greensand is Europe’s project in Alaska, the US Department of Inte-
first cross-border carbon capture and storage rior said on March 13. But as a compromise, the
(CCS) initiative to start operations. administration has at the same time put more of
the US Arctic off-limits to oil and gas drilling.
FSUOGM: Gazprom Export head Burmis-
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Week 12 23•March•2023 www. NEWSBASE .com P15