Page 17 - MEOG Week 09 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global additional sanctions last week in response to
(NRG), in which the reader is invited to join Russia’s recognition of eastern Ukraine’s break-
our team of international editors, who provide a away regions of Donetsk and Lugansk as inde-
snapshot of some of the key issues affecting their pendent, while German Chancellor Olaf Scholz
regional beats. announced that his government would halt the
We hope you enjoy NRG’s new concise for- certification process necessary for the pipeline
mat, but by clicking on the headline link for each to start up.
section the full text will be available as before.
FSUOGM: TotalEnergies bucks the trend
AfrOil: Venus may be SSA’s largest oil find French oil major TotalEnergies has said it intends
UK-based Wood Mackenzie, a prominent to stay put in Russia despite Moscow’s invasion
energy consultancy, has speculated that the of Ukraine, although it has said it will not invest
Venus discovery announced last week by in any new projects in the country.
TotalEnergies (France) at the PEL 56 licence TotalEnergies has shown greater restraint in
area offshore Namibia may be the largest oil find its response to events in Ukraine than its Euro-
ever made in sub-Saharan Africa. In a confiden- pean peers BP, Equinor and Shell, which have
tial report, the consultancy said that in light of all said they intend to exit Russia’s oil and gas
results from the Venus-1x wildcat well, it now industry altogether.
“conservatively estimates recoverable oil vol-
umes of over 3bn barrels,” the report said. GLNG: Shell, PipeChina sign terminal deal
Subsidiaries of Shell and China Oil & Gas Pipe-
AsianOil: JERA to pursue LNG-to-power line Network – known as PipeChina – have
Japan’s JERA announced on March 1 that it had signed a memorandum of co-operation (MoC)
kicked off full-scale operations in Vietnam. and two terminal use agreements.
The company – a 50:50 joint venture between The terminal user agreements with Shell
utilities Tokyo Electric Power Co. (TEPCO) and Energy (China) are for two LNG receiving facil-
Chubu Electric Power – intends to pursue LNG- ities – Yuedong LNG and Beihai LNG – for this
to-power projects through its new Vietnamese year.
unit.
LatAmOil: IEASA gets nod for Vaca Muerta
DMEA: Asset sales and petchem plans Argentina’s government has authorised state-
This week’s DMEA includes coverage of Bah- owned Integración Energética (IEASA) to build
rain’s steps towards monetising its oil and gas a new pipeline that will serve unconventional gas
infrastructure and efforts by Iran to increase fields in the Vaca Muerta shale formation.
feedstock for petrochemical production. Buenos Aires gave IEASA a green light for the
Bahrain’s Oil & Gas Holding Co. (nogahold- project last week, when it issued a decree grant-
ing) is hiring a team of advisors to work on plans ing the company a concession for the project.
to monetise oil and gas assets, according to the
company’s CEO. NorthAmOil: FERC approves process shake-up
The US Federal Energy Regulatory Commission
Euroil: Nord Stream 2 becomes insolvent (FERC) has agreed to overhaul the certification
The Swiss-based operator of Russia’s beleaguered process for new natural gas pipeline projects.
Nord Stream 2 gas pipeline project has become The commission voted for changes that
insolvent, a Swiss official told local radio on would result in greater scrutiny of the economic
March 1. need for new projects, as well as their environ-
The US slapped Nord Stream 2 with mental and local impacts.™

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