Page 18 - FSUOGM Week 05 2023

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup conditions improve, the news agency said,
Global (NRG), in which the reader is invited citing sources.
to join our team of international editors, who GLNG: China’s LNG Imports Forecast To
provide a snapshot of some of the key issues Rebound After Plunging 20% In 2022
affecting their regional beats. We hope you will China’s liquefied natural gas (LNG) imports
like NRG's new concise format, but by clicking are projected to recover in 2023 to between
on the headline link for each section the full text 70mn and 72mn tonnes, marking a 9% to
will be available as before. 14% rise from 2022, analysts at Rystad Energy,
Wood Mackenzie and ICIS told Reuters.
In 2022, LNG imports to China fell 20%
AfrOil: Italy, Libya Sign $8bn Gas Deal year on year to 64.4mn tonnes as strict Covid
Italian Prime Minister Giorgia Meloni arrived lockdowns combined with increased use of
in Libya on January 28 to sign a natural gas natural gas from domestic production and
supply deal with the state-owned oil company, pipeline sources dinted the country’s appetite.
after visiting Algeria the previous week for
the same purpose. She was accompanied by LatAmOil: AMLO Pledges To Help Pemex
Claudio Descalzi, the CEO of Italy’s Eni, and With Bond Payments
Italian Foreign Minister Antonio Tajani. Mexico’s President Andres Manuel Lopez
Obrador has indicated that his government
AsianOil: Philippines Clears Development is responding positively to requests from
Of Seventh LNG Import Project the national oil company (NOC) Pemex for
Authorities in the Philippines announced assistance in covering financial obligations to
on January 27 that they have greenlit the holders of its securities.
development of a $67mn small-scale LNG Speaking to journalists on January 26,
import terminal to provide a source of fuel he said Mexico City had formulated a plan
for power generation. It is the seventh such to ensure that Pemex could pay its debt
facility to be approved. amortisations in 2023.
DMEA: Militia Threatens Iraqi Pipeline MEOG:Maha And Mafraq Sign Oman Deal
An Iraqi militant group with links to Iran this Swedish explorer Maha Energy and local
week made vague threats to halt any effort to firm Mafraq Energy this week signed a joint
establish a pipeline route linking Basra with operating agreement for Oman’s Block 70
the Red Sea. concession following a farm-in deal last year.
Various versions of plans to build a 1,600- Maha operates Block 70 with a 65%
km conduit to carry crude oil from Iraq’s oil- shareholding, while Mafraq holds the
rich Basra Governorate to the Red Sea port of remainder following its August farm-in to
Aqaba have been on the drawing board since the exploration and production-sharing
1982, with political, technical and commercial agreement (EPSA).
concerns converging to derail progress.
NorthAmOil: ExxonMobil, Chevron Profits
EurOil: CNOOC Puts Sale Of UK North Sea Soar
Business On Hold The US’s two largest oil companies have posted
China’s largest offshore oil and gas producer record profits as blowback continues, including
CNOOC Ltd has put on hold the intended from politicians and consumer groups, and in See the archive and
sale of its UK North Sea assets, Bloomberg particular from US President Joe Biden. sign up to receive
reported this week. ExxonMobil reported profits of $55.7bn in *NRG Editor’s Picks*
Initial offers for the portfolio did not 2022. Its previous record was $45.2bn in 2008, for free by email each
live up to CNOOC’s expectations, but a when oil was $142 a barrel, 30% higher than week here
sale process could be resumed if market in 2022.

P18 www. NEWSBASE .com Week 06 07•February•2023