Page 16 - DMEA Week 06 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global announced on February 4 that it had agreed on
(NRG), in which the reader is invited to join the annual sale of 10bn cubic metres per year
our team of international editors, who provide a of natural gas to China’s CNPC over a 30-year
snapshot of some of the key issues affecting their period.
regional beats.
We hope you enjoy NRG’s new concise for- GLNG: Cedar LNG awards FEED contract
mat, but by clicking on the headline link for each Canada’s Cedar LNG announced this week that
section the full text will be available as before. it had awarded a front-end engineering and
design contract to Black & Veatch and Samsung
AfrOil: NAMCOR confirms Graff-1 oil find Heavy Industries for its proposed floating LNG
Namibia’s national oil company has issued a project. Pembina Pipeline and the Haisla Nation
statement confirming the discovery of light are partners in Cedar LNG. Pembina acquired a
crude oil in Graff-1, an exploration well drilled 50% interest in the project last year.
at the deepwater PEL 39 block offshore Namibia.
In its statement, National Petroleum Corp. of LatAmOil: Guyana exports first oil cargo
Namibia (NAMCOR) reported that the well had Guyana has reportedly exported its first cargo of
“proved a working petroleum system for light oil crude oil from the Liza-1 field to an independent
in the Orange Basin.” refinery in neighbouring Brazil.
Citing a source familiar with the deal, Reu-
AsianOil: Shell outlines QGC drilling plans ters reported last week that the cargo had been
Royal Dutch Shell has unveiled plans for the next shipped by ExxonMobil (US), the operator of
phase of onshore gas development in Queens- the Stabroek block offshore Guyana.
land, Australia, alongside its partners in the
QGC joint venture. MEOG: Aramco on sale, again
In a February 8 statement, Shell said QGC State-owned Aramco is reported to be holding
would drill and connect around 145 new wells early talks about the potential listing of more of
in the Western Downs region of Queensland the company’s shares, in a move seen as raising
between now and 2024. significantly more than the firm’s 2019 initial
public offering.
EurOil: Shell profits soar on high prices Meanwhile, Abu Dhabi National Oil Co.
Shell reported a sharp upswing in profits in (ADNOC) last week announced the discovery
2021 on the back of soaring commodity prices, of a significant gas deposit in the Offshore Block
according to results published on February 3. 2 concession, which is operated by Italian firm
Full-year adjusted earnings amounted to Eni following its award in the second competi-
$19.29bn, Shell said, up from $4.85bn in the pre- tive bid round.
vious year, and surpassed a forecast of $17.8bn
based on a Refinitiv analyst poll. NorthAmOil: Crescent Point plans sale
Canadian light oil producer Crescent Point
FSUOGM: Russia expands China ties Energy is reportedly seeking to sell some of its
Russia and China have clinched a new gas sup- assets in Alberta and Saskatchewan.
ply deal, as Moscow doubles down on its pivot According to Reuters, which cited an indus-
towards Beijing against a backdrop of height- try source, as well as marketing documents it
ened tensions with the West over Ukraine. had seen this week, the assets could fetch around
Russia’s national gas company Gazprom CAD500mn ($394mn).™

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