Page 18 - EurOil Week 24 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global sixth package of sanctions that target energy
(NRG), in which the reader is invited to join was put in place.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Malaysia’s Petronas Plans To Ex-
regional beats. We hope you will like NRG's new pand Investments In LNG Exports From
concise format, but by clicking on the headline Egypt To Europe
link for each section the full text will be available Malaysia’s national oil company (NOC) Pet-
as before. ronas is planning to take advantage of current
strong demand for liquefied natural gas (LNG)
AfrOil: TotalEnergies Makes FID On exports from Egypt to Europe following the
$850mn CLOV Phase 3 Project European Union’s decision to invest in diver-
Angola’s National Agency for Petroleum, sifying natural gas imports away from Russia
Gas and Biofuels (ANPG) announced last due the conflict in Ukraine.
week that France’s TotalEnergies had made A large delegation headed by Petro-
a final investment decision (FID) on Phase 3 nas President and Group CEO Tengku
development at CLOV, four offshore oilfields Muhammad met with Egyptian Minister of
located within the Block 17 licence area. Petroleum Tarek El Molla to discuss mak-
In a statement dated June 10, ANPG ing additional investments in LNG export
said the FID cleared the way for the French opportunities in Egypt.
major and its partners to spend $850mn on
the expansion of capacity at the Cravo, Lirio, LatAmOil: APA Finds Water In Rasper Well
Orquidea and Violeta fields, which have Offshore Suriname
been in production since 2014. This addi- Houston-based APA Corp. has finished
tional capacity will come on stream in 2024, drilling the Rasper exploration well at Block
it noted. 53 offshore Suriname without finding any
hydrocarbons.
AsianOil: CPC Receives Taiwan’s First Car- On June 13, APA said in a statement that
go Of Carbon-Offset Crude the Rasper wildcat well had encountered
Taiwan’s CPC announced on June 12 that it only water-bearing reservoirs. It noted that
had received the country’s first cargo of cer- evaluation of data and samples from the well
tified carbon-offset crude. The cargo totalled was ongoing but indicated that it had not
1.05mn barrels of oil and was delivered by found any oil or gas at the site.
the trading arm of Azerbaijan’s state-owned
SOCAR. MEOG: NFE Partner And Sakarya Pipelay-
The cargo’s cradle-to-gate greenhouse ing
gas (GHG) emissions had been offset with In MEOG this week, we cover the unveiling
carbon credits certified by the Verified Car- of Qatar’s first IOC partner in its giant LNG
bon Standard (VCS). expansion project and the laying of pipes
connecting Turkey’s major offshore gas field
DMEA: Progress At Haditha Refinery to the grid. Super-major TotalEnergies was
Iraq’s state-owned North Refineries Co. named by QatarEnergy as its first and main
(NRC) has passed the half-way point in its IOC partner in a joint venture (JV) formed
project to upgrade and expand capacity at to support the development of its North
the Haditha refinery in Anbar Governorate. Field East LNG development.
Speaking to local press this week, the
refinery’s director, Hassan Mardi Abdu- NorthAmOil: BP Exits Oil Sands, Enters
laziz, said that the “project completion has Bay Du Nord Via Cenovus Deal
exceeded 50%” as it works to more than dou- BP announced this week that it had reached an
ble capacity from the current level of 16,000 agreement with Cenovus Energy that will see it
barrels per day (bpd). relinquish its 50% stake in the Sunrise oil sands
venture while farming into the undeveloped See the archive and
FSUOGM: Russian Energy Export Revenues Bay du Nord project offshore Newfoundland sign up to receive
Up 40% In May Despite Sanctions and Labrador. *NRG Editor’s Picks*
Russia’s revenue from energy exports in the Under the terms of the agreement, Ceno- for free by email each
first 100 days of the war amounted to €93bn, vus will pay BP CAD600mn ($463mn) plus a week here
according to a study by the Helsinki-based variable payment with a maximum cumulative
Centre for Research on Energy and Clean value of CAD600mn expiring after two years,
Energy (CREA), and the EU remains the larg- as well as handing over its 35% stake in Bay du
est buyer of Russian gas and oil, even after the Nord.

P18 www. NEWSBASE .com Week 24 16•June•2022