Page 20 - AfrOil Week 14 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Two Mexican LNG projects make
(NRG), in which the reader is invited to join our advances
team of international editors, as they provide a Two Mexican LNG projects have taken steps
snapshot of some of the key issues affecting their forward over the past week. On March 31, it
regional beats. We hope you will like NRG’s new was announced that TotalEnergies had signed
concise format, but by clicking on the headline a memorandum of understanding with Sem-
link for each section the full text will be available pra Infrastructure on the purchase of a share of
as before. future production from the planned Vista Pacíf-
ico LNG plant. Then on April 1, China’s Guang-
AsianOil: Santos’ Dorado moves a step zhou Development Group (GDG) said it had
closer to FID signed a long-term supply agreement for LNG
The Dorado project, which is being developed by from an export terminal that Houston-based
Santos and Carnarvon Energy offshore Western MPL intends to build at Puerto Libertad in Mex-
Australia, has taken a significant step towards a ico’s Sonora State.
final investment decision (FID). Australian Min-
ister for Resources and Water Keith Pitt said on LatAmOil: ExxonMobil makes FID on
April 5 that Santos and Carnarvon had accepted Yellowtail
a production licence covering Dorado, located in ExxonMobil (US) has made a final investment
the offshore Bedout sub-basin. decision (FID) on Yellowtail, its fourth develop-
ment project at the Stabroek block offshore Guy-
DMEA: Dangote launch date optimism ana. On April 4, the US-based super-major said it
Nigeria’s Dangote Group this week reiterated its had opted to move forward with the project after
intention to begin operations at its greenfield securing all necessary government and regula-
650,000 barrel per day (bpd) refinery outside tory approvals for work at Yellowtail.
Lagos. Meanwhile, Saudi Aramco Base Oil Co.
(Luberef) is said to be planning to launch an ini- MEOG: Iraq’s revenue boost
tial public offering (IPO) on the local Tadawul As OPEC’s second-largest producer, Iraq stands
All Share Index (TASI). to benefit more than most from the group’s alli-
ance with Russia and other producing nations
EurOil: Greece looks to revive offshore gas that has seen oil prices surge as geopolitical con-
exploration cerns collide with supply/demand dynamics.
Greece is looking to revive offshore natural gas Meanwhile, the MoO has told semi-autonomous
exploration in order to safeguard its energy authorities in the northern Kurdistan Region it
security amid soaring prices across Europe, gov- intends to set up a new state oil firm to manage
ernment sources told Reuters on April 5. Greece the Kurdish energy sector.
has produced small quantities of oil in the past,
including at the now-mature South Kavala and NorthAmOil: Ascent reportedly preparing
Prions concessions. for IPO
US shale driller Ascent Resources is said to be
FSU OGM: EU plans to phase out Russian preparing for an initial public offering in which it
gas quickly will be “extremely challenging” hopes to gain a market valuation of around $6bn.
The EU’s plan to cut Russian gas purchases The move, reported by Reuters, which cited
by two thirds by the end of this year will be sources familiar with the matter, comes around a
“extremely challenging” to achieve, even if the week after Bloomberg said separately that Ascent
issue of contractual obligations is ignored, the had discussed a potential merger with fellow
Oxford Institute for Energy Studies (OIES) says. shale gas producer Gulfport Energy. ™

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P20 www. NEWSBASE .com Week 14 06•April•2022