Page 13 - EurOil Week 07 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global of Russian oil output, achieved a seven-fold
(NRG), in which the reader is invited to join increase in ruble terms in net profit to
our team of international editors, who provide a RUB883bn ($11.8bn), while in US dollar
snapshot of some of the key issues affecting their terms, it rose almost sixfold to $11.9bn.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: China Seeks Greater Global LNG
link for each section the full text will be available Trading Role
as before. China is reportedly working to establish
itself as a major player in global LNG trad-
AfrOil: TotalEnergies CEO Qualifies State- ing. The move comes around 20 years after
ments On Mozambique LNG Restart the country made a similar push into oil
Patrick Pouyanné, the CEO of TotalEner- trading.
gies (France), has qualified his recent state- Chinese firms are set to benefit from liber-
ments about the possibility that work on alisation at home and recently signed contracts
the Mozambique LNG project may resume with LNG suppliers overseas, notably US pro-
before the end of this year. ducers of the super-chilled fuel, according to
Speaking with analysts during a quarterly Reuters.
earnings call on February 10, Pouyanné
stressed that security conditions would LatAmOil: ExxonMobil Brings Second Oil-
determine when work on Mozambique LNG, field On Stream Offshore Guyana
which was suspended late last March, might ExxonMobil (US) and its partners launched
resume. commercial operations at the Liza-2 oilfield
offshore Guyana on February 11, marking
AsianOil: ConocoPhillips Sarawak Con- the start of their second development pro-
tracts Jack-Up Rig For Malaysian Drilling ject at the Stabroek block.
Campaign The US super-major issued a statement
Units of US independent ConocoPhillips announcing first oil at Liza-2, saying that
have contracted Icon Offshore to provide the Liza Unity floating production, storage
a jack-up rig for a multi-well drilling cam- and off-loading (FPSO) unit had come on
paign offshore Malaysia that is due to start stream.
in the second quarter of this year.
According to a February 11 filing, Icon’s MEOG: PIF Picks Up Aramco Shares
I Oilfield Services subsidiary was issued In this week’s MEOG, we look at the trans-
a letter of award by two units collectively fer of shares in Saudi Aramco and an output
known as ConocoPhillips Sarawak on uptick in south-western Iran.
December 23, 2021. Crown Prince Mohammed bin Salman
this week transferred 4% of Aramco’s shares
DMEA: Karbala Progresses, Sapref Shuts to the Kingdom’s sovereign wealth fund, the
In this week’s DMEA, we look at the con- Public Investment Fund (PIF).
trasting fortunes of refineries in Iraq and
South Africa. NorthAmOil: Alberta Reportedly Planning
Iraq’s Karbala refinery is set to begin To Toughen Oil Sands Emissions Standards
commissioning on schedule in September The provincial government of Alberta is
before ramping up to full capacity in 2023, reportedly planning to toughen its greenhouse
according to the facility’s director. gas (GHG) emissions standards for oil sands See the archive and
mines. The move would close a loophole that sign up to receive
FSUOGM: Rosneft Profits Hit Record On allowed some of the highest-emissions facili- *NRG Editor’s Picks*
High Prices ties to claim millions of dollars’ worth of trade- for free by email each
Profits at Russia’s largest oil company able credits. week here
Rosneft surged to a record-high last year on Alberta is in the process of updating indus-
the back of rising oil and gas prices and eco- try benchmarks that set emissions reduction
nomic recovery, which more than offset the requirements for mines and upgraders. The
impact of OPEC+ restrictions. province has already increased the stringency
The company, which accounts for 40% of facility-based benchmarks.

Week 07 17•February•2022 www. NEWSBASE .com P13