Page 20 - AfrOil Week 27 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global from foreign exchange competition between
(NRG), in which the reader is invited to join our pipeline gas sold in rubles and LNG sold in US
team of international editors, as they provide a dollars.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Shell warns of disruptions to ship-
concise format, but by clicking on the headline ments from Prelude FLNG
link for each section the full text will be available Shell warned this week that shipments from its
as before. Prelude floating LNG project offshore Australia
would be disrupted until at least mid-July owing
AsianOil: Russian oil exports to Asia sink to industrial action relating to a pay dispute.
Russia’s seaborne crude oil exports in the seven Workers on the Prelude facility began 12 days of
days up to July 1 rebounded from a slump in the industrial action on June 10 over the pay dispute.
previous week, Bloomberg reported on July 4, This was followed by a work ban by unions in
but deliveries to Asian markets are declining. The the run-up to a vote on a new offer from Shell
drop in Asian shipments comes despite Russia on July 7.
diverting oil flows to its Black Sea terminal in
order to cut the voyage time to India. LatAmOil: Pemex formally marks launch
of Olmeca refinery
DMEA: OPEC gives refining update Mexico’s national oil company Pemex held a
The release this week of the 2022 OPEC Annual ceremony celebrating the official opening of the
Statistical Bulletin included overview data of Olmeca refinery on July 1. The event marked
refining capacity among member states. But the first trial runs of crude through the 340,000
rather than providing an accurate picture of barrel per day plant’s processing units, and it was
OPEC refining activity in 2021, the data offers supposed to be a triumphant moment for Pemex,
a best-case scenario, once major overhaul and which has said it wants to eliminate the country’s
expansion projects have been completed. dependence on imported fuels.
EurOil: Ithaca closes takeover of Siccar MEOG: Calls for more Gulf oil output
Point Energy A Kuwait-Saudi working group focused on joint
Ithaca Energy has closed the purchase of UK oil and gas development met this week to discuss
North Sea counterpart Siccar Point Energy, the acceleration of efforts in their Partitioned
giving the company positions in several of the Neutral Zone (PNZ). Meanwhile, the governor
country’s largest fields. Under the deal, reached of Iraq’s north-western Nineveh Governorate
in early April, Ithaca is paying $1.1bn upfront to said last week that a state oil firm has discovered
Siccar Point’s shareholders and may make mul- new oil and gas resources in the region.
tiple conditional payments that could amount to
a further $360mn. NorthAmOil: US government releases
2023-2028 offshore drilling plan
FSU OGM: Russia mulls rubles-for-LNG The US Department of the Interior released its
scheme new five-year offshore drilling plan on July 1,
Russia’s Gazprom may expand its rubles-for-gas saying it would carry out no more than 11 new
scheme for pipeline sales to Europe to LNG as potential Atlantic and Pacific lease sales between
well, although no decision on the matter has 2023 and 2028. In a statement, it said no more
been taken yet. Kirill Polous, a deputy depart- than 10 of these lease sales would cover acreage
ment head at Gazprom, was quoted as saying in the Gulf of Mexico, while no more than one
by Interfax as saying that the proposal stemmed would cover acreage in Alaska’s Cook Inlet. ™

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P20 www. NEWSBASE .com Week 27 06•July•2022