Page 17 - DMEA Week 25 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global International Economic Forum last week, not-
(NRG), in which the reader is invited to join ing that while there were “many problems, we
our team of international editors, who provide a strive to meet the 2023 deadline.”
snapshot of some of the key issues affecting their Mikhelson had warned at a shareholders’
regional beats. meeting in April that the project, which at full
By clicking on the headline link for each sec- capacity will produce 19.8mn tonnes per year of
tion the full text will be available. LNG, might have its schedule revised because of
Western sanctions.
AfrOil: First gas loaded into Coral Sul FLNG
The Coral South LNG consortium is on track to GLNG: QatarEnergy adds more NFE JVs
begin producing LNG on schedule in the second QatarEnergy has followed up on last week’s deal
half of 2022, as it has begun loading natural gas to include TotalEnergies in its North Field East
into the Coral Sul floating LNG (FLNG) vessel (NFE) LNG expansion with the signing of joint
installed at Area 4 offshore Mozambique. venture (JV) agreements with three more IOCs.
Eni, the operator of the consortium, said in a Last week, the French super-major took a
press release dated June 18 that Coral South LNG 25% stake in a JV – assumed to be called NFE
had “safely achieved the introduction of hydro- 1 – with the Qatari firm running until 2054.
carbons” into the FLNG unit, which arrived at
its current site at the Coral South gas field earlier LatAmOil: APA reports on Krabdagu-1 well
this year. APA Corp. (US) revealed on June 21 that Krab-
dagu-1, an exploration well drilled at Block 58
AsianOil: JGC wins Indonesia EPC offshore Suriname, appeared to contain at least
Japan’s JGC Holding has announced that its sub- 180mn barrels of oil in place.
sidiary, JGC Indonesia, has won an engineering, In a statement, APA said flow test data col-
procurement and construction contract from lected from the well indicated that Krabdagu-1
Jadestone Energy (Lemang) for a gas processing held crude oil in the Upper Campanian and
facility and a sales pipeline for the onshore Akat- Lower Campanian horizons.
ara gas field.
According to a statement released by JGC, MEOG: Kuwait to drill offshore
the EPC services – provided for an undisclosed In this week’s MEOG, Kuwait draws closer
lump-sum amount – cover new gas, liquefied to beginning offshore exploration while Abu
petroleum gas and condensate processing facil- Dhabi awards continue under efforts to expand
ities with a capacity of 25mn cubic feet (708,000 capacity.
cubic metres) per day along with a 17-km State-owned Kuwait Oil Co. (KOC) is near-
pipeline. ing the start of offshore drilling, three years since
the contract for the work was awarded. Mean-
EurOil: US-EU launch emissions pathway while, Abu Dhabi National Oil Co. (ADNOC)
The US, the EU and 11 countries have launched this week awarded Greek firm Archirodon a
the Global Methane Pledge Energy Pathway, in three-year engineering, procurement and con-
an effort to drive reductions in methane emis- struction contract focusing on the expansion of
sions from the oil and gas industry. the onshore Asab asset.
The pathway builds on the Global Methane
Pledge (GMP), involving the US and EU and 118 NorthAmOil: Targa to buy Lucid for $3.6bn
other countries that have set a target of reducing Targa Resources announced on June 16 that
anthropogenic methane emissions by at least it had struck a deal to buy Lucid Energy from
30% by 2030 from 2020 levels. Riverstone Holdings and Goldman Sachs Asset
Management for $3.55bn in cash.
FSUOGM: Novatek downplays LNG concerns The transaction represents the largest mid-
Novatek CEO Leonid Mikhelson sought to stream acquisition and divestiture (A&D) deal
downplay concerns about delays at the compa- in the Permian Basin since 2019, according to
ny’s Arctic LNG-2 project at the St Petersburg energy analytics firm Enverus.™

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