Page 16 - DMEA Week 27 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global in rubles and LNG that is sold in US dollars.
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: Shell warns of Prelude disruptions
snapshot of some of the key issues affecting their Shell warned this week that shipments from its
regional beats. Prelude floating LNG project offshore Australia
By clicking on the headline link for each sec- would be disrupted until at least mid-July owing
tion the full text will be available. to industrial action relating to a pay dispute.
Workers on the Prelude facility began 12 days
AfrOil: Shell suspends SPDC stake sale of industrial action on June 10 over the pay dis-
Shell (UK) has put plans for selling its 30% stake pute. This was followed by a work ban by unions
in the Shell Petroleum Development Corp. in the run-up to a vote on a new offer from Shell
(SPDC) joint venture on hold pending the on July 7.
Nigerian Supreme Court’s resolution of a law-
suit related to an oil spill in 2018. The company’s LatAmOil: Pemex launches Olmeca refinery
Nigerian arm confirmed that the deal was on Mexico’s national oil company Pemex held a
hold in a statement dated June 30. ceremony marking the official opening of the
Olmeca refinery on July 1.
AsianOil: Russian oil exports to Asia decline The event was orchestrated to mark the first
Russia’s seaborne crude oil exports in the seven trial runs of crude through the 340,000 barrel
days up to July 1 rebounded from a slump in the per day plant’s processing units, and it was sup-
previous week, Bloomberg reported on July 4, posed to be a triumphant moment for Pemex,
but deliveries to Asian markets are declining. which has said it wants to eliminate the country’s
The drop in Asian shipments comes despite dependence on imported fuels.
Russia diverting oil flow to its Black Sea termi-
nal, in order to cut the voyage time to India.
MEOG: Gulf E&P uptick
EurOil: Ithaca closes takeover of Siccar Point This week’s MEOG includes coverage of the con-
Ithaca Energy has closed the purchase of UK tinued resurgence in Middle Eastern E&P.
North Sea counterpart Siccar Point Energy, A Kuwait-Saudi working group focused on
giving the company positions in several of the the development of joint oil and gas projects met
country’s largest fields. this week to discuss the acceleration of efforts in
Under the deal, reached in early April, Ith- their Partitioned Neutral Zone (PNZ).
aca is paying $1.1bn upfront to Siccar Point’s Meanwhile, the governor of Iraq’s
shareholders, and may make multiple condi- north-western Nineveh Governorate said last
tional payments that could amount to a further week that a state oil firm has discovered new oil
$360mn. and gas resources in the region.

FSUOGM: Russia mulls rubles-for-LNG NorthAmOil: US releases drilling plan
Russia’s Gazprom is considering expanding The US Department of the Interior released its
its rubles-for-gas scheme for pipeline sales to new five-year offshore drilling plan on July 1,
Europe to LNG as well, Interfax reported on July saying it would carry out no more than 11 new
4, although the Kremlin has said no decision on potential Atlantic and Pacific lease sales during
the matter has been taken yet. the 2023-2028 period.
Kirill Polous, a deputy department head at In a statement, it said no more than 10 of
Gazprom, was quoted as saying by Interfax that these lease sales would cover acreage in the Gulf
Gazprom had made the proposal, citing foreign of Mexico, while no more than one would cover
exchange competition between pipeline gas sold acreage in Alaska’s Cook Inlet.™

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P16 www. NEWSBASE .com Week 27 07•July•2022