Page 17 - LatAmOil Week 21 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global taxpaper-funded office and staff. State-owned
(NRG), in which the reader is invited to join Rosneft announced Schroeder’s departure from
our team of international editors, who provide a the board on May 20.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: FSU OGM: Russian bookings
concise format, but by clicking on the headline generating new business for Sovcomflot
link for each section the full text will be available Russia’s state-owned tanker operator Sovcomflot
as before. (SCF) is still attracting plenty of business, with a
surge of recent bookings from Russian oil pro-
AfrOil: Germany, Senegal focus on gas ducers partially making up for the loss of West-
co-operation opportunities ern clients in the wake of the invasion of Ukraine,
Natural gas projects were among the key items according to a report from Bloomberg. SCF, the
on the agenda at a meeting between German owner of the world’s largest fleet of mid-sized
Chancellor Olaf Scholz and Senegalese President crude oil carriers, saw a large portion of its fleet
Macky Sall. Scholz, who kicked off his first state go underutilised in the first two months after the
visit to Africa on May 22, said Germany was very outbreak of war in Ukraine.
keen on working with Senegal to develop local
gas fields, produce LNG and make use of renew- GLNG: Regas rates at Grain LNG reach
able energy resources. record levels as European demand soars
The Grain LNG terminal in the UK posted
AsianOil: Australian election spells new record gas send-out levels in April, as high
uncertainty for oil and gas demand for gas from Europe pushed utilisation
Australia’s federal election, held on May 21, has rates up, with LNG tankers having arrived from
resulted in a change of government following eight new countries since January. The terminal
a victory by the Australian Labor Party (ALP). saw its highest ever utilisation rate in April, send-
The results were still being counted as of May ing out an average of 431 GWh per day, above the
24, and it was unclear whether the ALP would previous high of 412.2 GWh in April 2021.
have an outright majority in the House of
Representatives. MEOG: Gas plans and oil discoveries
Iran and Oman are resurrecting a project to
DMEA: Nigeria’s grand refining plans lay an underwater pipeline to transport gas to
Looking to support local communities, create Oman, according to Iran’s Oil Minister Javad
jobs, shelter the country from fuel market vol- Owji. Meanwhile, ADNOC has announced the
atility and wean itself off costly subsidies and discovery of 650mn barrels of oil across three
fuel imports, the Nigerian Content Develop- oilfields in the Emirate.
ment and Monitoring Board (NCDMB) has
announced plans to increase refining capacity to NorthAmOil: Centennial, Colgate in largest
1.4mn barrels per day by 2027 from the current shale merger of 2022
level of around 16,000 bpd. Centennial Resource Development and Colgate
Energy Partners III announced on May 19 that
EurOil: Schroeder steps down as chairman they had agreed to combine in what the compa-
of Rosneft nies described as a merger of equals. The $7.0bn
Former German Chancellor Gerhard Schroeder transaction values Colgate at roughly $3.9bn and
has resigned from the board of Russia’s state- consists of 269.3mn shares of Centennial stock,
owned oil company Rosneft, days after the $525mn in cash and the assumption of around
German parliament voted to strip him of his $1.4bn of Colgate’s outstanding net debt. ™

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Week 21 26•May•2022 www. NEWSBASE .com P17