Page 16 - LatAmOil Week 08 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global be seeking divestments. Shell is preparing to sell
(NRG), in which the reader is invited to join stakes in two gas fields in the southern UK North
our team of international editors, who provide a Sea, in line with the general trend of interna-
snapshot of some of the key issues affecting their tional majors leaving the mature region in recent
regional beats. We hope you will like NRG’s new years in favour of frontier, high-impact plays.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Rosneft unveils new 2030
as before. strategy
Rosneft has announced a new 2030 strategy, set-
AfrOil: TotalEnergies said to be heading for ting its sights on significant production growth,
a big discovery offshore Namibia a big jump in free cash flow and an increased
Early reports indicate that TotalEnergies focus on environmental social and governance
(France) has made a major discovery of new projects. Rosneft aims to be producing 6.63mn
crude oil reserves at Venus-1x, the wildcat explo- barrels of oil equivalent per day by the end of this
ration well at the PEL 56 licence area offshore decade, up from 4.93mn boepd last year.
Namibia. As of earlier this week, the company
had not yet commented on the status of the well, GLNG: Shell warns that LNG market will
which is being drilled in the Orange basin in remain tight in 2022
3,000-metre-deep water. Shell said on February 21 it expected the global
LNG market to remain tight in 2022, after a 6%
AsianOil: P’nyang partners sign gas agree- climb in demand last year. In its latest LNG out-
ment with PNG government look, the super-major said that growing demand
The partners in the proposed P’nyang develop- in China and South Korea drove the increase in
ment have signed a deal with the government of consumption last year, with China raising its
Papua New Guinea over the proposed develop- imports by 12mn tonnes to 79mn tonnes, sur-
ment of the field. Santossaid on February 22 that passing Japan as the world’s largest buyer.
it had signed the agreement along with Exxon-
Mobil – the operator of P’nyang – and JX Nippon MEOG: Saudi uptick and Iraqi drilling
Oil & Gas Exploration.. Data formally confirmed this week that Saudi
Arabia’s oil production increase by 110,000
DMEA: Trans Sahara gas pipeline deal barrels per day (bpd) in December, in line with
signed its OPEC+ quota. Meanwhile, the state-owned
A deal between the governments of Algeria, Iraqi Drilling Co. (IDC) this week reported that
Niger and Nigeria is seen breathing new life it had begun drilling the first of a 43-well drilling
into plans to build an ambitious gas pipeline campaign at the supergiant Majnoon oilfield as
that will link sub-Saharan Africa with European the field’s operator looks to ramp up output.
consumer markets. Meanwhile, Saudi Aramco’s
President and CEO this week confirmed that the NorthAmOil: FERC approves gas pipeline
company is considering investments in China certification shake-up
amid recent reports that it has resumed talks for The US Federal Energy Regulatory Commission
the development of a refinery in the country. (FERC) has agreed to overhaul the certification
process for new natural gas pipeline projects. The
EurOil: More North Sea M&A on the commission voted for changes that would result
horizon in greater scrutiny of the economic need for new
Further North Sea M&A deals are on the hori- projects, as well as their environmental and local
zon, with both Shell and ONE-Dyas reported to impacts. ™

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P16 www. NEWSBASE .com Week 08 24•February•2022