Page 17 - LatAmOil Week 15 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global targets to decarbonise industries and scale up
(NRG), in which the reader is invited to join renewables and other low-carbon technologies.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Shell warns of $4-5bn hit from
regional beats. We hope you will like NRG’s new Russian withdrawal
concise format, but by clicking on the headline Shell warned on April 7 it expected to book a
link for each section the full text will be available write-down charge of between $4-5bn in the first
as before. quarter on its Russian assets in light of its deci-
sion to leave the country because of Moscow’s
AfrOil: Sonatrach agrees to supply Italy war in Ukraine. The UK major previously said it
with additional gas would write off only $3.4bn in value because of
Algeria’s national oil company Sonatrach has its departure from Russia, where it has a 27.5%
cut a deal with the Italian major Eni to deliver stake in the Gazprom-operated Sakhalin LNG
an additional 9bn cubic metres of natural gas in plant and shares in Gazprom Neft’s Salym Petro-
2022-2023. The two sides signed a new supply leum and the Gydan oil projects in Siberia.
agreement during Italian Prime Minister Mario
Draghi’s visit to Algeria on Monday, April 11. GLNG: ADNOC orders two LNG tankers
from Shanghai yard
AsianOil: Shell resumes LNG shipments Abu Dhabi National Oil Co. (ADNOC) has
from Australia’s Prelude FLNG confirmed it is to order two 175,000 cubic metre
Shell said in a brief statement on April 11 that LNG tankers from Shanghai’s Jiangnan Shipyard
it had resumed shipping cargoes from its Prel- as part of plans to expand its shipping fleet and
ude floating LNG (FLNG) facility off the north to raise LNG production. ADNOC Logistics &
coast of Western Australia. The facility had been Services (ADNOC L&S), the company’s ship-
offline for four months after a major power ping unit, said on April 12 that it had signed a
failure. contract for the construction of two 175,000
cubic metre LNG vessels and expected that they
DMEA: Downstream progress and plans would be delivered in 2025.
Iran is set to begin construction work on its
300,000 barrel per day Shahid Ghasem Soleim- MEOG: Supplies and output rise
ani refinery as it builds out downstream process- Trucks carrying Iraqi crude arrived at the coun-
ing capacity. Meanwhile, a Moroccan support try’s border with Jordan following the bilateral
group this week called on the government to renewal of a supply agreement that had expired
take an active role in supporting the country’s in January. Meanwhile, Iran has maintained its
downstream industry following the shutdown upstream momentum as it seeks to increase pro-
of its only refinery in 2015. duction of both oil and gas.

EurOil: UK unveils plan to bolster energy NorthAmOil: Canada unveils details of
security carbon capture tax credit
The UK government has unveiled a new energy The Canadian government has unveiled details
policy paper aimed at bolstering the country’s of its long-awaited tax incentives to help fund
energy security in the face of soaring gas and carbon capture projects in the country. The
power prices and Europe’s push to phase out incentives form part of Canadian Prime Minister
Russian energy. In the run-up to the COP26 Justin Trudeau’s new fiscal plan, and are aimed at
climate summit in Glasgow last autumn, the spurring investment in carbon capture and stor-
government announced a number of ambitious age technologies. ™

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Week 15 14•April•2022 www. NEWSBASE .com P17