Page 19 - AfrOil Week 02 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global oil imports on January 1, even though the EU
(NRG), in which the reader is invited to join our embargo on crude supplies from the country,
team of international editors, as they provide a imposed in December, only extends to seaborne
snapshot of some of the key issues affecting their deliveries and not those via pipeline.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Germany receives first shipment
link for each section the full text will be available of US LNG at newly opened terminal
as before. The first shipment of US LNG has arrived in Ger-
many at the Wilhelmshaven terminal, according
AsianOil: Beijing, Manila strike deal on to the German energy firm Uniper. The supplier
South China Sea was US company Venture Global Calcasieu
China and the Philippines agreed to resume talks Pass, which sent the equivalent of 97.1mn cubic
on joint exploration for oil and gas in the dis- metres of natural gas, enough to power around
puted portion of the South China Sea, a month 50,000 German households for a year.
after Manila broke off negotiations. The two
countries agreed on January 5 to set up a direct LatAmOil: Chevron prepares to resume
communications channel between their foreign Venezuelan oil exports
ministries to handle the dispute peacefully. The US oil company Chevron is reportedly pre-
paring to resume shipments of Venezuelan crude
DMEA: Largest CDU in Middle East oil after a hiatus of nearly four years. An anony-
launched at Abadan refinery mous source familiar with the matter informed
The Middle East’s largest crude distillation unit Reuters in the last week of December that the
(CDU) has gone online at Iran’s Abadan oil refin- US major was sending two tankers to the South
ery with a capacity of 210,000 barrels per day American country.
(bpd), the head of the National Iranian Oil and
Engineering Company (NIOEC) has informed MEOG: Zenith Energy to acquire OMV’s
the market. According to NIOEC’s managing Yemeni assets
director Farhad Ahmadi, the cost of the plant’s A Dutch affiliate of Canada-based Zenith Energy
new CDU came to around €2.6bn. has entered a share purchase agreement to
acquire Austrian firm OMV’s assets in Yemen in
EurOil: Germany, Norway team up on a deal worth just over $21.6mn. The assets com-
renewables, other low-carbon tech prise Block S-2, which contains the 6,000 barrel
Norway and Germany plan to expand their per day (bpd) al-Uqlah oilfield, Block 3 (Jardan)
co-operation in the development of renewa- and Block 70, which are in the exploratory phase
ble energy and other low-carbon technologies, and have estimated resources of 60mn and 70mn
their governments announced on January 5. The barrels respectively.
two countries referred to offshore wind power,
hydrogen, battery technology and carbon cap- NorthAmOil: Marathon closes purchase
ture and storage as areas of focus. of Ensign’s Eagle Ford assets for $3bn
Marathon Oil has closed the acquisition from
FSU OGM: Kazakhstan seeks to supply Ensign Natural Resources of Eagle Ford shale
Germany with oil via Druzhba acreage for $3bn in cash. The deal had been
Kazakhstan is seeking to pump oil to Germany announced in early November. The assets
via the Druzhba pipeline system, helping the lat- nearly double Marathon’s Eagle Ford position
ter replace lost Russian volumes. Germany has to 290,000 net acres (117,350 hectares) and are
followed through on a pledge to halt Russian adjacent to the firm’s existing Eagle Ford wells. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 02 12•January•2023 www. NEWSBASE .com P19