Page 17 - MEOG Week 27 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global payments that could amount to a further
(NRG), in which the reader is invited to join $360mn.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: Russia mulls rubles-for-LNG
regional beats. Russia’s Gazprom is considering expanding
By clicking on the headline link for each sec- its rubles-for-gas scheme for pipeline sales to
tion the full text will be available. Europe to LNG as well, Interfax reported on July
4, although the Kremlin has said no decision on
AfrOil: Shell suspends SPDC stake sale the matter has been taken yet.
Shell (UK) has put plans for selling its 30% stake Kirill Polous, a deputy department head at
in the Shell Petroleum Development Corp. Gazprom, was quoted as saying by Interfax that
(SPDC) joint venture on hold pending the Gazprom had made the proposal, citing foreign
Nigerian Supreme Court’s resolution of a lawsuit exchange competition between pipeline gas sold
related to an oil spill in 2018. in rubles and LNG that is sold in US dollars.
The company’s Nigerian arm confirmed that
the deal was on hold in a statement dated June GLNG: Shell warns of Prelude disruptions
30. Shell warned this week that shipments from its
Prelude floating LNG project offshore Australia
AsianOil: Russian oil exports to Asia decline would be disrupted until at least mid-July owing
Russia’s seaborne crude oil exports in the seven to industrial action relating to a pay dispute.
days up to July 1 rebounded from a slump in the Workers on the Prelude facility began 12 days
previous week, Bloomberg reported on July 4, of industrial action on June 10 over the pay dis-
but deliveries to Asian markets are declining. pute. This was followed by a work ban by unions
The drop in Asian shipments comes despite in the run-up to a vote on a new offer from Shell
Russia diverting oil flow to its Black Sea termi- on July 7.
nal, in order to cut the voyage time to India.
LatAmOil: Pemex launches Olmeca refinery
DMEA: OPEC gives refining update Mexico’s national oil company Pemex held a
This week’s DMEA includes coverage of OPEC’s ceremony marking the official opening of the
latest review of its members’ refining capacities. Olmeca refinery on July 1.
The release this week of the 2022 OPEC The event was orchestrated to mark the first
Annual Statistical Bulletin included overview trial runs of crude through the 340,000 barrel
data of refining capacity among member states. per day plant’s processing units, and it was sup-
However, rather than providing an accurate pic- posed to be a triumphant moment for Pemex,
ture of OPEC refining activity in 2021, the data which has said it wants to eliminate the country’s
offers a best-case scenario processing level, once dependence on imported fuels.
major overhaul and expansion projects have
been completed. NorthAmOil: US releases drilling plan
The US Department of the Interior released its
EurOil: Ithaca closes takeover of Siccar Point new five-year offshore drilling plan on July 1,
Ithaca Energy has closed the purchase of UK saying it would carry out no more than 11 new
North Sea counterpart Siccar Point Energy, potential Atlantic and Pacific lease sales during
giving the company positions in several of the the 2023-2028 period.
country’s largest fields. In a statement, it said no more than 10 of
Under the deal, reached in early April, Ithaca these lease sales would cover acreage in the Gulf
is paying $1.1bn upfront to Siccar Point’s share- of Mexico, while no more than one would cover
holders, and may make multiple conditional acreage in Alaska’s Cook Inlet.™

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