Page 16 - NorthAmOil Week 27 2022

NorthAmOil NEWSBASE ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global a further $360mn.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSU OGM: Russia mulls rubles-for-LNG
snapshot of some of the key issues affecting their scheme
regional beats. We hope you will like NRG’s new Russia’s Gazprom may expand its rubles-for-gas
concise format, but by clicking on the headline scheme for pipeline sales to Europe to LNG as
link for each section the full text will be available well, although no decision on the matter has
as before. been taken yet. Kirill Polous, a deputy depart-
ment head at Gazprom, was quoted as saying
AfrOil: Shell suspends SPDC stake sale by Interfax as saying that the proposal stemmed
Shell (UK) has put plans for selling its 30% stake from foreign exchange competition between
in the Shell Petroleum Development Corp. pipeline gas sold in rubles and LNG sold in US
(SPDC) joint venture on hold pending the Nige- dollars.
rian Supreme Court’s resolution of a lawsuit
related to an oil spill in 2018. The company’s GLNG: Shell warns of disruptions to ship-
Nigerian arm confirmed that the deal was on ments from Prelude FLNG
hold in a statement dated June 30. Shell warned this week that shipments from its
Prelude floating LNG project offshore Australia
AsianOil: Russian oil exports to Asia sink would be disrupted until at least mid-July owing
Russia’s seaborne crude oil exports in the seven to industrial action relating to a pay dispute.
days up to July 1 rebounded from a slump in Workers on the Prelude facility began 12 days of
the previous week, Bloomberg reported on July industrial action on June 10 over the pay dispute.
4, but deliveries to Asian markets are declin- This was followed by a work ban by unions in
ing. The drop in Asian shipments comes despite the run-up to a vote on a new offer from Shell
Russia diverting oil flow to its Black Sea terminal, on July 7.
in order to cut the voyage time to India.
LatAmOil: Pemex makes a show of
DMEA: OPEC gives refining update launching Olmeca refinery
The release this week of the 2022 OPEC Annual Mexico’s national oil company Pemex held
Statistical Bulletin included overview data of a ceremony marking the official opening of
refining capacity among member states. How- the Olmeca refinery on July 1. The event was
ever, rather than providing an accurate picture orchestrated to mark the first trial runs of crude
of OPEC refining activity in 2021, the data offers through the 340,000 barrel per day plant’s pro-
a best-case scenario processing level, once major cessing units, and it was supposed to be a tri-
overhaul and expansion projects have been umphant moment for Pemex, which has said it
completed. wants to eliminate the country’s dependence on
imported fuels.
EurOil: Ithaca closes takeover of Siccar
Point Energy MEOG: Gulf E&P uptick
Ithaca Energy has closed the purchase of UK A Kuwait-Saudi working group focused on joint
North Sea counterpart Siccar Point Energy, oil and gas development met this week to discuss
giving the company positions in several of the the acceleration of efforts in their Partitioned
country’s largest fields. Under the deal, reached Neutral Zone (PNZ). Meanwhile, the governor
in early April, Ithaca is paying $1.1bn upfront to of Iraq’s north-western Nineveh Governorate
Siccar Point’s shareholders and may make mul- said last week that a state oil firm has discovered
tiple conditional payments that could amount to new oil and gas resources in the region. ™

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P16 www. NEWSBASE .com Week 27 07•July•2022