Page 15 - AsianOil Week 27 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global at Gazprom, was quoted as saying by Interfax
(NRG), in which the reader is invited to join that Gazprom had made the proposal, citing
our team of international editors, who provide a foreign exchange competition between pipe-
snapshot of some of the key issues affecting their line gas sold in rubles and LNG that is sold
regional beats. We hope you will like NRG's new in US dollars.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Shell Warns Of Disruptions To Ship-
as before. ments From Prelude FLNG
Shell warned this week that shipments from its
AfrOil: Shell Suspends SPDC Stake Sale Prelude floating LNG (FLNG) project offshore
Shell (UK) has put plans for selling its 30% Australia would be disrupted until at least mid-
stake in the Shell Petroleum Development July owing to industrial action relating to a pay
Corp. (SPDC) joint venture on hold pending dispute.
the Nigerian Supreme Court’s resolution of a Workers on the Prelude facility began 12
lawsuit related to an oil spill in 2018. days of industrial action on June 10 over the
The company’s Nigerian arm confirmed pay dispute. This was followed by a work ban
that the deal was on hold in a statement by unions in the run-up to a vote on a new offer
dated June 30. from Shell on July 7.

DMEA: OPEC Gives Refining Update LatAmOil: Pemex Formally Launches Ol-
This week’s DMEA includes coverage of meca Refinery
OPEC’s latest review of its members’ refin- Mexico’s national oil company (NOC)
ing capacities. Pemex held a ceremony marking the official
The release this week of the 2022 OPEC opening of the Olmeca refinery on July 1.
Annual Statistical Bulletin included over- The event was orchestrated to mark the first
view data of refining capacity among trial runs of crude through the 340,000 bar-
member states. However, rather than rel per day (bpd) plant’s processing units,
providing an accurate picture of OPEC and it was supposed to be a triumphant
refining activity in 2021, the data offers a moment for Pemex, which has said it wants
best-case scenario processing level, once to eliminate the country’s dependence on
major overhaul and expansion projects imported fuels.
have been completed.
MEOG:Gulf E&P Uptick
Euroil: Ithaca Closes Takeover Of Siccar This week’s MEOG includes coverage of the
Point continued resurgence in Middle Eastern
Ithaca Energy has closed the purchase of UK E&P.
North Sea counterpart Siccar Point Energy, A Kuwait-Saudi working group focused
giving the company positions in several of on the development of joint oil and gas pro-
the country’s largest fields. jects met this week to discuss the accelera-
Under the deal, reached in early April, tion of efforts in their Partitioned Neutral
Ithaca is paying $1.1bn upfront to Siccar Zone (PNZ).
Point’s shareholders, and may make multiple
conditional payments that could amount to a NorthAmOil: US Government Releases
further $360mn. 2023-2028 Offshore Drilling Plan
The US Department of the Interior released its
FSUOGM: Russia Mulls Rubles-For-LNG new five-year offshore drilling plan on July 1,
Scheme saying it would carry out no more than 11 new See the archive and
Russia’s Gazprom is considering expanding potential Atlantic and Pacific lease sales during sign up to receive
its rubles-for-gas scheme for pipeline sales the 2023-2028 period. In a statement, it said no *NRG Editor’s Picks*
to Europe to LNG as well, Interfax reported more than 10 of these lease sales would cover for free by email each
on July 4, although the Kremlin has said no acreage in the Gulf of Mexico, while no more week here
decision on the matter has been taken yet. than one would cover acreage in Alaska’s Cook
Kirill Polous, a deputy department head Inlet.

Week 27 11•July•2022 www. NEWSBASE .com P15