Page 18 - AfrOil Week 06 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global tensions with the West over Ukraine. Russia’s
(NRG), in which the reader is invited to join our national gas company Gazprom announced on
team of international editors, as they provide a February 4 that it had agreed on the annual sale
snapshot of some of the key issues affecting their of 10bn cubic metres per year of natural gas to
regional beats. We hope you will like NRG’s new China’s CNPC over a 30-year period.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Cedar LNG awards FEED contract
as before. Canada’s Cedar LNG announced this week that it
had awarded a front-end engineering and design
AsianOil: Shell outlines QGC drilling plans contract to Black & Veatch and Samsung Heavy
Shell has unveiled plans for the next phase of Industries for its proposed floating LNG pro-
onshore natural gas development in Queens- ject. Pembina Pipeline and the Haisla Nation are
land, Australia, alongside its partners in the partners in Cedar LNG. Pembina acquired a 50%
QGC joint venture. In a February 8 statement, interest in the project last year.
the multinational said that QGC would drill and
connect around 145 new wells in the Western LatAmOil: Guyana exports first crude cargo
Downs region of Queensland between now and to Brazil
2024. Guyana has reportedly exported its first cargo of
crude oil from the Liza-1 field to an independent
DMEA: Refined focus for Ghana and refinery in neighbouring Brazil. Citing a source
Uganda familiar with the deal, Reuters reported last week
The Ghanaian government is seeking strategic that the cargo had been shipped by ExxonMobil
partners willing to provide the capital required to (US), the operator of the Stabroek block offshore
rehabilitate its dilapidated state-owned Tema Oil Guyana.
Refinery (TOR). Meanwhile, Uganda’s energy
minister held talks this week with the consor- MEOG: Aramco on sale again
tium developing the country’s first oil refinery, State-owned Aramco is reported to be holding
days after a final investment decision was taken early talks about the potential listing of more of
on the project to develop the larger of the oil- the company’s shares, in a move seen as raising
fields that will provide its feedstock. significantly more than the firm’s 2019 initial
public offering. Meanwhile, Abu Dhabi National
EurOil: Shell profits soar on high oil and Oil Co. (ADNOC) last week announced the dis-
gas prices covery of a significant gas deposit in the Offshore
Shell reported a sharp upswing in profits in Block 2 concession, which is operated by Italian
2021 on the back of soaring commodity prices, firm Eni following its award in the second com-
according to results published on February petitive bid round.
3. Full-year adjusted earnings amounted to
$19.29bn, Shell said, up from $4.85bn in the pre- NorthAmOil: Crescent Point reportedly
vious year, and surpassed a forecast of $17.8bn seeks to sell assets
based on a Refinitiv analyst poll. Canadian light oil producer Crescent Point
Energy is reportedly seeking to sell some of its
FSU OGM: Russia expands China ties with assets in Alberta and Saskatchewan. According
new gas deal to Reuters, which cited an industry source, as
Russia and China have clinched a new gas sup- well as marketing documents it had seen this
ply deal, as Moscow doubles down on its pivot week, the assets could fetch around CAD500mn
towards Beijing against a backdrop of heightened ($394mn). ™

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P18 www. NEWSBASE .com Week 06 09•February•2022