Page 19 - AfrOil Week 08 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global focus on environmental social and governance
(NRG), in which the reader is invited to join our projects. Rosneft aims to be producing 6.63mn
team of international editors, as they provide a barrels of oil equivalent per day by the end of this
snapshot of some of the key issues affecting their decade, up from 4.93mn boepd last year.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Shell warns that LNG market will
link for each section the full text will be available remain tight in 2022
as before. 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
ment have signed a deal with the government of in 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 LatAmOil: TotalEnergies strikes oil again
Oil & Gas Exploration.. offshore Suriname
TotalEnergies (France) and its US-based partner
DMEA: Trans Sahara gas pipeline deal APA Corp. have reported a new discovery in the
signed Krabdagu-1 exploration well at Block 58 offshore
A deal between the governments of Algeria, Suriname. In a statement dated February 21, the
Niger and Nigeria is seen breathing new life French major said that Krabdagu-1, which is
into plans to build an ambitious gas pipeline being drilled at a site near the eastern edge of
that will link sub-Saharan Africa with European Block 58, had encountered about 90 metres of
consumer markets. Meanwhile, Saudi Aramco’s net oil pay.
President and CEO this week confirmed that the
company is considering investments in China MEOG: Saudi uptick and Iraqi drilling
amid recent reports that it has resumed talks for Data formally confirmed this week that Saudi
the development of a refinery in the country. Arabia’s oil production increase by 110,000 bar-
rels per day (bpd) in December, in line with its
EurOil: More North Sea M&A on the OPEC+ quota. Meanwhile, the state-owned Iraqi
horizon Drilling Co. (IDC) this week reported that it had
Further North Sea M&A deals are on the hori- begun drilling the first of a 43-well drilling cam-
zon, with both Shell and ONE-Dyas reported to paign at the supergiant Majnoon oilfield as the
be seeking divestments. Shell is preparing to sell field’s operator looks to ramp up output.
stakes in two gas fields in the southern UK North
Sea, in line with the general trend of interna- NorthAmOil: FERC approves gas pipeline
tional majors leaving the mature region in recent certification shake-up
years in favour of frontier, high-impact plays. The US Federal Energy Regulatory Commission
(FERC) has agreed to overhaul the certification
FSU OGM: Rosneft unveils new 2030 process for new natural gas pipeline projects. The
strategy commission voted for changes that would result
Rosneft has announced a new 2030 strategy, set- in greater scrutiny of the economic need for new
ting its sights on significant production growth, projects, as well as their environmental and local
a big jump in free cash flow and an increased impacts. ™

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Week 08 23•February•2022 www. NEWSBASE .com P19