Page 12 - NorthAmOil Week 36 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global oil industry in the wake of Moscow’s invasion of
(NRG), in which the reader is invited to join Ukraine in late February, but has had difficult
our team of international editors, who provide a offloading assets, especially since Russian Pres-
snapshot of some of the key issues affecting their ident Vladimir Putin issued a decree in early
regional beats. We hope you will like NRG’s new August preventing foreign companies from
concise format, but by clicking on the headline link divesting shares in what are considered strate-
for each section the full text will be available as gic enterprises.
before.
GLNG: ZIM, Shell sign 10-year LNG bun-
AfrOil: FAR Ltd acquires remaining 50% of kering deal for new container ships
Gambian blocks from Petronas ZIM Integrated Shipping Services (Israel) has
Australia’s FAR Ltd has bought 50% stakes in secured fuel supplies for 10 new LNG-powered
Block A2 and Block A5, located in The Gambia’s ships that are due to enter its fleet in 2023-2024
offshore zone, from its partner Petronas (Malay- under a long-term bunkering contract with a
sia), bringing its stake in both sites up to 100%. subsidiary of Shell (UK). The Israeli company
The value of the deal has not been made public. announced the signing of the contract with Shell
NA LNG in a statement dated August 31.
AsianOil: Santos takes FID on Darwin
Pipeline Duplication Project LatAmOil: Barbados prepares to offer all
Australia’s Santos has taken a final investment 22 open offshore blocks
decision to proceed with the Darwin Pipeline Barbados will offer all 22 available blocks in its
Duplication Project. The scheme will extend the offshore zone to international oil companies in a
Barossa gas export pipeline to the Darwin LNG bidding round in the fourth quarter of this year,
facility and allow for the repurposing of the the Ministry of Energy and Business Develop-
Bayu-Undan to Darwin pipeline that currently ment has announced. The ministry went public
carries natural gas from offshore Timor-Leste to with news of the auctions just a few days before
the Santos-operated LNG plant. the scheduled start of its 2022 Licensing Round
Roadshow, held at the AAPG Image 22 confer-
DMEA: ZIM, Shell sign 10-year LNG bun- ence in Houston on August 30-September 1.
kering deal
ZIM Integrated Shipping Services (Israel) has MEOG: Novatek leaves Lebanon
secured fuel supplies for 10 new LNG-powered Russia’s Novatek has withdrawn from a consor-
ships that are due to enter its fleet in 2023-2024 tium that controls two Lebanese licences, the
under a long-term bunkering contract with a latest in a string of disappointments and delays
subsidiary of Shell (UK). The Israeli company for Beirut as it looks to explore for resources
announced the signing of the contract with Shell offshore. Energy Minister Walid Fayad said
NA LNG in a statement dated August 31. that Novatek had cited “economic and finan-
cial [issues and] political risks” as its reasons for
EurOil: How much Azeri gas can head to dropping its 20% stake in the consortium with
Europe? TotalEnergies of France and Eni of Italy, both of
Europe has reached out to Azerbaijan as a source which own stakes of 40%
of additional gas supply to eliminate more of its
imports from Russia. But how much extra gas NorthAmOil: Cheniere outlines further ex-
the country would be able to provide, beyond the pansion plans for Corpus Christi LNG
10 bcm per year it is already sending, will depend Cheniere Energy intends to add further capac-
on results from upcoming exploration work at ity to its Corpus Christi LNG export terminal in
key fields, and whether Turkey waives its first Texas, beyond the 10mn tonne per year expan-
right to supplies. sion that is currently under construction at the
plant. The company has requested that the US
FSUOGM: Unknown Dubai firm reportedly Federal Energy Regulatory Commission (FERC)
bids for Shell’s stake in Russian oil project begin its National Environmental Policy Act
A little-known Dubai-based logistics company (NEPA) prefiling review for two additional mid-
called Wellnord is reportedly prepared to buy scale trains at Corpus Christi.
Shell’s 50% stake in its Salym Petroleum Devel-
opment joint venture with Russia’s Gazprom See the archive and sign up to receive NRG Editor’s
Neft. Shell vowed to withdraw from the Russian Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 36 08•September•2022