Page 15 - GLNG Week 26 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global biggest private oil producer Lukoil has stepped
(NRG), in which the reader is invited to join down from the position, the company reported
our team of international editors, who provide a on June 27, citing his reaching retirement age
snapshot of some of the key issues affecting their and family circumstances. Leonid Fedun, a
regional beats. We hope you will like NRG’s new major Lukoil shareholder estimated by Forbes
concise format, but by clicking on the headline link to have an $8.2bn fortune, was a former Russian
for each section the full text will be available as military officer that went into the oil business
before. after the breakup of the Soviet Union.

AfrOil: NNPC data shows huge increase in GLNG: Germany considers expropriating
Nigerian gasoline subsidies Nord Stream 2
The Nigerian government spent nearly three Germany is considering repurposing parts of
times as much on domestic gasoline subsidies Russia’s unused Nord Stream 2 gas pipeline for
in the first five months of 2022 as it did in the importing LNG, Der Spiegel magazine reported
same period of last year, according to Nige- on June 27.The government in Berlin suspended
rian National Petroleum Co. Ltd (NNPC Ltd). the certification process necessary for Nord
According to newly released data from NNPC Stream 2 to flow gas, days before Moscow began
Ltd, Abuja paid out NGN1.274 trillion ($3.07bn) its invasion of Ukraine.
in gasoline subsidies between January and May,
190.62% up on the figure of NGN438.6bn LatAmOil: Petrobras to receive first Guya-
($1.06bn) recorded in the first five months of nese oil cargo
2021. Brazil’s national oil company Petrobras is due to
take delivery of its first cargo of Guyanese light
AsianOil: PetroChina reportedly weighing sweet crude for domestic refining before the
exit from Australia, Canada end of this week. In a statement sent to Reuters,
State-ownedPetroChinais reported to be con- the company confirmed that its first 1mn-bar-
sidering exiting its investments in Australia and rel load of Guyanese oil had departed from the
Canada in a bid to divert funds to more profitable Liza-1 offshore field in mid-June.
opportunities elsewhere.This follows a similar
shift in focus for another Chinese state-owned MEOG: Calls for more Gulf oil output
company, CNOOC Ltd, which was reported in This week, MEOG includes coverage of calls
April to be preparing to exit its operations in the for oil producers to increase output while ser-
US, UK and Canada. vices firms take Baghdad’s side in its battle with
the KRG. French officials this week called for
DMEA: Nigeria blames refineries for fuel oil-producing countries to increase output,
issues while suggesting that exports from Iran and
In DMEA this week, we cover Nigeria’s fuel sup- Venezuela should be allowed to return to the
ply and price issues as its NOC makes its first market. Meanwhile, BakerHughes, Halliburton
payment in the acquisition of a share in a new and Schlumberger this week informed Iraq’s
mega facility. Managing director of the Nigerian Ministry of Oil that they would heed Baghdad’s
National Petroleum Corp. (NNPC) Ltd Mele warning not to engage further with the Kurdis-
Kyari told the country’s House of Representa- tan region’s energy sector.
tives that issues with fuel prices and availability
should be blamed on state refineries being out NorthAmOil: Resource boost and refinery
of operation. Meanwhile, the company has now confusion
paid the initial $1bn instalment of its $2.76bn This week’s NorthAmOil covers a major resource
investment in the 650,000 bpd Dangote Refinery boost for a Canadian oilfield and accusations and
claims about the auction of a Caribbean refinery.
EurOil: UK looks at allowing lower-calorific Canada’s offshore Hibernia oilfield could con-
gas into system tain nearly 346mn barrels more than previously
The UK is looking to ease rules on the quality of thought, according to a new resource estimate by
natural gas in an effort to incentivise the develop- the local regulator. Meanwhile, amid confusion
ment of extra North Sea supply, the Telegraph gas and accusations of impropriety in a recent auc-
reported. The proposal would allow lower-calo- tion to acquire the Limetree Bay Refinery on the
rific gas to be pumped into the UK’s pipeline sys- island of St. Croix, a group of known investors
tem, meaning it can maximise resource recovery. said this week that it remains keen to assume
ownership.
FSUOGM: Fedun leaves Lukoil following
Alekperov’s lead See the archive and sign up to receive NRG Editor’s
The long-serving vice president of Russia’s Picks for free by email each week here.™

Week 26 01•July•2022 www. NEWSBASE .com P15