Page 17 - AsianOil Week 25 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global 2020 levels.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSUOGM: Novatek head downplays con-
snapshot of some of the key issues affecting their cerns of Arctic LNG-2 launch delays
regional beats. We hope you will like NRG’s new Novatek CEO Leonid Mikhelsonsought to
concise format, but by clicking on the headline link downplay concerns about delays at the compa-
for each section the full text will be available as ny’s Arctic LNG-2 project at the St Petersburg
before. International Economic Forum last week, not-
ing that while there were “many problems, we
AfrOil: First gas loaded into Coral Sul FLNG strive to meet the 2023 deadline.” Mikhelson had
The Coral South LNG consortium is on track to warned at a shareholders’ meeting in April that
begin producing LNG on schedule in the second the project, which at full capacity will produce
half of 2022, as it has begun loading natural gas 19.8mn tonnes per year of LNG, might have its
into the Coral Sul floating LNG (FLNG) vessel schedule revised because of Western sanctions.
installed at Area 4 offshore Mozambique. Eni,
the operator of the consortium, said in a press GLNG: QatarEnergy adds more JVs for NFE
release dated June 18 that Coral South LNG had development
“safely achieved the introduction of hydrocar- QatarEnergy has followed up on last week’s deal
bons” into the FLNG unit, which arrived at its to include TotalEnergies in its North Field East
current site at the Coral South gas field earlier (NFE) LNG expansion with the signing of joint
this year. venture (JV) agreements with three more IOCs.
Last week, the French super-major took a 25%
AsianOil: JGC Indonesia awarded EPC con- stake in a JV –assumed to be called NFE 1 –with
tract for Akatara gas plant and pipeline the Qatari firm running until 2054.
Japan’s JGC Holdinghas announced that its sub-
sidiary, JGC Indonesia, has won an engineering, LatAmOil: APA reports on size of Krabda-
procurement and construction contract from gu-1 well offshore Suriname
Jadestone Energy (Lemang) for a gas process- APA Corp. (US) revealed on June 21 that Krab-
ing facility and a sales pipeline for the onshore dagu-1, an exploration well drilled at Block 58
Akatara gas field. According to a statement offshore Suriname, appeared to contain at least
released by JGC, the EPC services –provided for 180mn barrels of oil in place. In a statement,
an undisclosed lump-sum amount –cover new APA said flow test data collected from the well
gas, liquefied petroleum gas and condensate pro- indicated that Krabdagu-1 held crude oil in
cessing facilities with a capacity of 708,000 cubic the Upper Campanian and Lower Campanian
metres per day along with a 17-km pipeline. horizons.

DMEA: Al-Zour commissioning under way MEOG: Kuwait to drill offshore
In a big week for Kuwait, DMEA covers the In this week’s MEOG, Kuwait draws closer to
launch of the country’s giant new oil refinery. beginning offshore exploration while Abu Dhabi
Kuwait’s Integrated Petroleum Industries Co. awards continue under efforts to expand capac-
(KIPIC) has begun test runs at its greenfield ity. State-owned Kuwait Oil Co. (KOC) is near-
Al-Zour refinery in the south of the country, ing the start of offshore drilling, three years since
marking the start of the facility’s commis- the contract for the work was awarded. Mean-
sioning. Meanwhile, Tanzanian and Ugandan while, Abu Dhabi National Oil Co. (ADNOC)
insurance providers have struck a deal on the this week awarded Greek firm Archirodon a
establishment of a consortium that will ensure three-year engineering, procurement and con-
the uniformity of premiums for local contractors struction contract focusing on the expansion of
involved in the East Africa Crude Oil Pipeline the onshore Asab asset.
(EACOP) project.
NorthAmOil: Targa to buy Lucid in $3.6bn
EurOil: US-EU launch pathway to curb Permian acquisition
emissions Targa Resources announced on June 16 that
The US, the EU and 11 countries have launched it had struck a deal to buy Lucid Energy from
the Global Methane Pledge Energy Pathway, in Riverstone Holdings and Goldman Sachs Asset
an effort to drive reductions in methane emis- Management for $3.55bn in cash. The transac-
sions from the oil and gas industry. The pathway tion represents the largest midstream acquisition
builds on the Global Methane Pledge (GMP), and divestiture (A&D) deal in the Permian Basin
involving the US and EU and 118 other countries since 2019, according to energy analytics firm
that have set a target of reducing anthropogenic Enverus.
methane emissions by at least 30% by 2030 from

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