Page 17 - DMEA Week 08 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Rosneft aims to be producing 6.63mn barrels
(NRG), in which the reader is invited to join of oil equivalent per day by the end of this dec-
our team of international editors, who provide a ade, up from 4.93mn boepd last year.
snapshot of some of the key issues affecting their
regional beats. GLNG: Shell warns of tight LNG market
We hope you enjoy NRG’s new concise for- Shell said on February 21 it expected the global
mat, but by clicking on the headline link for each LNG market to remain tight in 2022, after a 6%
section the full text will be available as before. climb in demand last year.
In its latest LNG outlook, the super-major
AfrOil: TotalEnergies expects Namibia find said that growing demand in China and South
Early reports indicate that TotalEnergies Korea drove the increase in consumption last
(France) has made a major discovery at year, with China raising its imports by 12mn
Venus-1x, its wildcat exploration well at the PEL tonnes to 79mn tonnes, surpassing Japan as the
56 licence area offshore Namibia. world’s largest buyer.
Thus far, the company has not commented
on the status of the well, which is being drilled in LatAmOil: Another oil find oil for Suriname
3,000-metre-deep water. TotalEnergies (France) and its US-based part-
ner APA Corp. have reported a new discovery
AsianOil: P’nyang partners sign gas deal in the Krabdagu-1 exploration well at Block 58
The partners in the proposed P’nyang develop- offshore Suriname.
ment have signed a deal with the government of In a statement dated February 21, the French
Papua New Guinea over the proposed develop- major said that Krabdagu-1, which is being
ment of the field. drilled at a site near the eastern edge of Block 58,
Santos said on February 22 that it had signed had encountered about 90 metres of net oil pay.
the agreement along with ExxonMobil – the
operator of P’nyang – and JX Nippon Oil & Gas MEOG: Saudi uptick and Iraqi drilling
Exploration. Data formally confirmed this week that Saudi
Arabia’s oil production increase by 110,000 bar-
EurOil: North Sea M&A on the horizon rels per day during December, in line with its
Further North Sea M&A deals are on the hori- OPEC+ quota.
zon, with both Shell and ONE-Dyas reported to Meanwhile, the state-owned Iraqi Drilling
be seeking divestments. Co. (IDC) this week reported that it had begun
Shell is preparing to sell stakes in two gas drilling the first of a 43-well drilling campaign
fields in the southern UK North Sea, in line with at the supergiant Majnoon oilfield as the field’s
the general trend of international oil majors operator looks to ramp up output.
leaving the mature region in recent years in
favour of frontier, high-impact plays. NorthAmOil: Pipe certification shake-up
The US Federal Energy Regulatory Commission
FSUOGM: Rosneft unveils 2030 strategy (FERC) has agreed to overhaul the certification
Rosneft has announced a new 2030 strategy, set- process for new natural gas pipeline projects.
ting its sights on significant production growth, The commission voted for changes that
a big jump in free cash flow and an increased would result in greater scrutiny of the economic
focus on environmental social and governance need for new projects, as well as their environ-
projects. mental and local impacts.™

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