Page 17 - LatAmOil Week 14 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global government sources told Reuters on April 5.
(NRG), in which the reader is invited to join Greece has produced small quantities of oil in
our team of international editors, who provide a the past, including at the now-mature South
snapshot of some of the key issues affecting their Kavala and Prions concessions.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: EU plans to phase out Russian
link for each section the full text will be available gas quickly will be “extremely challenging”
as before. The EU’s plan to cut Russian gas purchases
by two thirds by the end of this year will be
AfrOil: NLNG urged to open pipelines to “extremely challenging” to achieve, even if the
gas from other suppliers issue of contractual obligations is ignored, the
Nigeria’s Minister of State for Petroleum Oxford Institute for Energy Studies (OIES) says.
Resources Timipre Sylva has asked shareholders
in Nigeria LNG (NLNG) to let other natural gas GLNG: Two Mexican LNG projects make
producers access their pipelines so that addi- advances
tional feedstock can be delivered to the consor- Two Mexican LNG projects have taken steps
tium’s plant on Bonny Island. Sylva noted that forward over the past week. On March 31, it
the NLNG plant was currently operating at only was announced that TotalEnergies had signed
around 70% of its installed capacity because it a memorandum of understanding (MoU) with
was not receiving enough gas. Sempra Infrastructure on supplies from the
planned Vista Pacífico LNG plant. Then on April
AsianOil: Santos’ Dorado moves a step 1, China’s Guangzhou Development Group
closer to FID (GDG) said it had signed a long-term supply
The Dorado project, which is being developed by agreement for LNG from an export terminal that
Santos and Carnarvon Energy offshore Western Houston-based MPL intends to build at Puerto
Australia, has taken a significant step towards a Libertad in Mexico’s Sonora State.
final investment decision (FID). Australian Min-
ister for Resources and Water Keith Pitt said on MEOG: Iraq’s revenue boost
April 5 that Santos and Carnarvon had accepted As OPEC’s second-largest producer, Iraq stands
a production licence covering Dorado, located in to benefit more than most from the surge in oil
the offshore Bedout sub-basin. prices stemming from the collision of geopolit-
ical concerns with supply/demand dynamics.
DMEA: Dangote launch date optimism Meanwhile, the MoO has told semi-autonomous
Nigeria’s Dangote Group this week reiterated its authorities in the northern Kurdistan Region it
intention to begin operations at its greenfield intends to set up a new state oil firm to manage
650,000 barrel per day (bpd) refinery outside the Kurdish energy sector.
Lagos. Meanwhile, Saudi Aramco Base Oil Co.
(Luberef) is said to be planning to launch an ini- NorthAmOil: Ascent reportedly preparing
tial public offering (IPO) on the local Tadawul for IPO
All Share Index (TASI). US shale driller Ascent Resources is preparing
for an IPO in which it hopes to gain a market
EurOil: Greece looks to revive offshore gas valuation of $6bn. The move, reported by Reu-
exploration ters, which cited sources familiar with the matter,
Greece is looking to revive offshore natural gas comes shortly after Bloomberg said separately
exploration in order to safeguard its energy that Ascent had discussed a merger with fellow
security amid soaring prices across Europe, shale gas producer Gulfport Energy. ™

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Week 14 07•April•2022 www. NEWSBASE .com P17