Page 18 - FSUOGM Week 25 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global East (NFE) LNG expansion with the signing of
(NRG), in which the reader is invited to join joint venture (JV) agreements with three more
our team of international editors, who provide a IOCs.
snapshot of some of the key issues affecting their Last week, the French super-major took a
regional beats. We hope you will like NRG's new 25% stake in a JV – assumed to be called NFE
concise format, but by clicking on the headline 1 – with the Qatari firm running until 2054.
link for each section the full text will be available The JV was awarded a 25% stake in NFE, pro-
as before. viding QatarEnergy 18.75% of equity and with
its partner taking 6.25%.
AfrOil: First Gas Loaded Into Coral Sul FLNG
The Coral South LNG consortium is on track LatAmOil: APA reports on size of Krabda-
to begin producing LNG on schedule in the gu-1 well offshore Suriname
second half of 2022, as it has begun loading APA Corp. (US) revealed on June 21 that
natural gas into the Coral Sul floating LNG Krabdagu-1, an exploration well drilled
(FLNG) vessel installed at Area 4 offshore at Block 58 offshore Suriname, appeared
Mozambique. to contain at least 180mn barrels of oil in
place (OIP).
AsianOil: JGC Indonesia Awarded EPC In a statement, APA said flow test data
Contract For Akatara Gas Plant And Pipe- collected from the well indicated that Krab-
line dagu-1 held crude oil in the Upper Cam-
Japan’s JGC Holding has announced that panian and Lower Campanian horizons.
its subsidiary, JGC Indonesia, has won an In the Upper Campanian horizon, the
engineering, procurement and construc- well encountered 32 metres of net pay in a
tion (EPC) contract from Jadestone Energy high-quality reservoir holding more than
(Lemang) for a gas processing facility and a 100mn barrels of oil with a specific gravity
sales pipeline for the onshore Akatara gas of around 35 degrees API.
field.
MEOG:Kuwait To Drill Offshore
DMEA: Al-Zour Commissioning Under Way In this week’s MEOG, Kuwait draws closer
In a big week for Kuwait, DMEA covers the to beginning offshore exploration while
launch of the country’s giant new oil refinery. Abu Dhabi awards continue under efforts to
Kuwait’s Integrated Petroleum Indus- expand capacity.
tries Co. (KIPIC) has begun test runs at its State-owned Kuwait Oil Co. (KOC)
greenfield Al-Zour refinery in the south of is nearing the start of offshore drilling,
the country, marking the start of the facility’s three years since the contract for the work
commissioning. was awarded. In mid-2019, KOC signed a
KWD181.4mn ($597mn) contract in with
Euroil: US-EU Launch Pathway To Curb US firm Halliburton to drill six exploratory
Emissions wells offshore Kuwait.
The US, the EU and 11 countries have
launched the Global Methane Pledge Energy NorthAmOil: Targa To Buy Lucid In $3.6bn
Pathway, in an effort to drive reductions in Permian Acquisition
methane emissions from the oil and gas Targa Resources announced on June 16 that
industry. it had struck a deal to buy Lucid Energy from
The pathway builds on the Global Meth- Riverstone Holdings and Goldman Sachs Asset
ane Pledge (GMP), involving the US and Management for $3.55bn in cash.
EU and 118 other countries that have set a The transaction represents the largest mid-
target of reducing anthropogenic methane stream acquisition and divestiture (A&D) deal See the archive and
emissions by at least 30% by 2030 from 2020 in the Permian Basin since 2019, according sign up to receive
levels. to energy analytics firm Enverus. It includes *NRG Editor’s Picks*
roughly 1,050 miles (1,690 km) of natural gas for free by email each
GLNG: QatarEnergy Adds More JVs For NFE pipelines and around 1.4bn cubic feet (39.6mn week here
Development cubic metres) of cryogenic gas-processing
QatarEnergy has followed up on last week’s capacity in service or under construction, pri-
deal to include TotalEnergies in its North Field marily in New Mexico’s Eddy and Lea counties.

P18 www. NEWSBASE .com Week 25 22•June•2022