Page 14 - GLNG Week 27 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global made the proposal, citing foreign exchange com-
(NRG), in which the reader is invited to join petition between pipeline gas sold in rubles and
our team of international editors, who provide a LNG that is sold in US dollars.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Shell warns of disruptions to ship-
concise format, but by clicking on the headline link ments from Prelude FLNG
for each section the full text will be available as Shell warned this week that shipments from its
before. Prelude floating LNG project offshore Australia
would be disrupted until at least mid-July owing
AfrOil: Shell suspends SPDC stake sale to industrial action relating to a pay dispute.
Shell (UK) has put plans for selling its 30% stake Workers on the Prelude facility began 12 days of
in the Shell Petroleum Development Corp. industrial action on June 10 over the pay dispute.
(SPDC) joint venture on hold pending the This was followed by a work ban by unions in the
Nigerian Supreme Court’s resolution of a law- run-up to a vote on a new offer from Shell on July
suit related to an oil spill in 2018.The company’s 7.
Nigerian arm confirmed that the deal was on
hold in a statement dated June 30. LatAmOil: Pemex formally launches Ol-
meca refinery
AsianOil: Russian oil exports to Asia decline Mexico’s national oil company Pemex held
Russia’s seaborne crude oil exports in the seven a ceremony marking the official opening of
days up to July 1 rebounded from a slump in the the Olmeca refinery on July 1. The event was
previous week, Bloomberg reported on July 4, orchestrated to mark the first trial runs of crude
but deliveries to Asian markets are declining. through the 340,000 barrel per day plant’s pro-
The drop in Asian shipments comes despite Rus- cessing units, and it was supposed to be a tri-
sia diverting oil flow to its Black Sea terminal, in umphant moment for Pemex, which has said it
order to cut the voyage time to India. wants to eliminate the country’s dependence on
imported fuels.
DMEA: OPEC gives refining update
This week’s DMEA includes coverage of OPEC’s MEOG: Gulf E&P uptick
latest review of its members’ refining capacities. This week’s MEOG includes coverage of the
The release this week of the 2022 OPEC Annual continued resurgence in Middle Eastern E&P.A
Statistical Bulletin included overview data of Kuwait-Saudi working group focused on the
refining capacity among member states. How- development of joint oil and gas projects met this
ever, rather than providing an accurate picture week to discuss the acceleration of efforts in their
of OPEC refining activity in 2021, the data offers Partitioned Neutral Zone (PNZ).Meanwhile,
a best-case scenario processing level, once major the governor of Iraq’s north-western Nineveh
overhaul and expansion projects have been Governorate said last week that a state oil firm
completed. has discovered new oil and gas resources in the
region.
EurOil: Ithaca closes takeover of Siccar
Point NorthAmOil: US government releases
Ithaca Energy has closed the purchase of UK 2023-2028 offshore drilling plan
North Sea counterpart Siccar Point Energy, The US Department of the Interior released its
giving the company positions in several of the new five-year offshore drilling plan on July 1,
country’s largest fields. Under the deal, reached saying it would carry out no more than 11 new
in early April, Ithaca is paying $1.1bn upfront to potential Atlantic and Pacific lease sales during
Siccar Point’s shareholders, and may make mul- the 2023-2028 period. In a statement, it said no
tiple conditional payments that could amount to more than 10 of these lease sales would cover
a further $360mn. acreage in the Gulf of Mexico, while no more than
one would cover acreage in Alaska’s Cook Inlet.
FSUOGM: Russia mulls rubles-for-LNG
scheme See the archive and sign up to receive NRG Editor’s
Russia’s Gazprom is considering expanding Picks for free by email each week here.™
its rubles-for-gas scheme for pipeline sales to
Europe to LNG as well, Interfax reported on July
4, although the Kremlin has said no decision
on the matter has been taken yet. Kirill Polous,
a deputy department head at Gazprom, was
quoted as saying by Interfax that Gazprom had

P14 www. NEWSBASE .com Week 27 08•July•2022