Page 20 - AfrOil Week 17 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Leonid Mikhelson warned last week that the
(NRG), in which the reader is invited to join our schedule for its upcoming Arctic LNG-2 pro-
team of international editors, as they provide a ject could be delayed because of sanctions. Arc-
snapshot of some of the key issues affecting their tic LNG-2 has relied significantly on Western
regional beats. We hope you will like NRG’s new equipment, technology and financing.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: France’s GTT wins LNG tank de-
as before. sign contract from SMI
France’s GTT has won a contract from South
AsianOil: Petronas, Sabah sign MoU on Korea’s Samsung Heavy Industries (SMI) to
nearshore FLNG development design a tank for a new LNG Carrier (LNGC).
Petronas and Sabah Oil & Gas Development GTT said that the carrier would have a total LNG
Corp. (SOGDC) have signed a memorandum of tank capacity of 180,000 cubic metres and would
understanding (MoU) on the development of a be fitted with the Mark III Flex membrane con-
nearshore floating LNG (FLNG) facility in the tainment system, developed by GTT.
Malaysian state of Sabah in Borneo. Under the
MoU, SOGDC will support Petronas in secur- LatAmOil: Pemex pressured to resume
ing all necessary approvals, permits and other payments on maturing securities
requirements as they work to realise the project. Pemex has reportedly come under more pressure
from Mexico’s Finance Ministry to resume pay-
DMEA: Petchems come to the fore for ments on maturing securities, despite an earlier
ADNOC promise from President Andres Manuel Lopez
ADNOC’s Abu Dhabi Chemicals Derivatives Obrador to cover the firm’s obligations. Two
Co. (TA’ZIZ) JV this week formalised a share- unnamed sources with knowledge of the mat-
holder agreement with Reliance Industries Ltd ter told Reuters last week that the ministry had
(RIL) for the TA’ZIZ EDC & PVC project to be urged the company to assume this responsibility
located in Ruwais. Meanwhile, ADNOC and ahead of April 21, the deadline for paying the
Borealis intend to achieve a valuation of $20bn holders of a €1bn Eurobonds issue.
for their Borouge plastics JV in the hope of
receiving $2bn for a 10% stake when they launch MEOG: Syrian hopes and Iranian progress
an initial public offering (IPO) later this year. UK-based Gulfsands Petroleum remains opti-
mistic about the potential for Syria to reinvig-
EurOil: Netherlands to receive floating orate its oil sector after 11 years of civil conflict
LNG plant in early August and sanctions that prevent the legal resumption
A floating LNG plant is due to arrive at Eem- of operations. Meanwhile, Iran has announced
shaven port in the Netherlands’ Groningen Prov- progress on more oilfield expansion projects as it
ince in early August, helping the country and the works to increase production capabilities.
wider region overcome dependence on Russian
gas. The Netherlands became a gas importer in NorthAmOil: CNOOC confirms end to
2018 as a result of the continued phase-out of Flemish Pass Basin exploration
production at the giant Groningen field. China National Offshore Oil Corp. (CNOOC)
has confirmed to Canadian media that it is
FSU OGM: Novatek warns of delay in exiting the Flemish Pass Basin project offshore
Arctic LNG-2 project Newfoundland and Labrador. The Chinese com-
Prospects for Russia’s second-biggest LNG pany’s exit follows an unsuccessful drilling cam-
exporter Novatek look in doubt, after its CEO paign in the basin. ™

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P20 www. NEWSBASE .com Week 17 27•April•2022