Page 18 - DMEA Week 36 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Russian oil industry in the wake of Moscow’s
(NRG), in which the reader is invited to join our invasion of Ukraine in late February, but it has
team of international editors, as they provide a had difficult offloading assets, especially since
snapshot of some of the key issues affecting their Russian President Vladimir Putin issued a
regional beats. We hope you will like NRG’s new decree in early August preventing foreign com-
concise format, but by clicking on the headline panies from divesting shares in what are consid-
link for each section the full text will be available ered strategic enterprises.
as before.
GLNG: ZIM, Shell sign 10-year LNG bun-
AfrOil: FAR Ltd acquires remaining 50% kering deal for new container ships
of Gambian blocks from Petronas ZIM Integrated Shipping Services (Israel) has
Australia’s FAR Ltd has bought 50% stakes in announced the signing of a long-term LNG bun-
Block A2 and Block A5, located in The Gambia’s kering contract with Shell NA LNG, a subsidi-
offshore zone, from its partner Petronas (Malay- ary of the UK-based major Shell, in a statement
sia), bringing its stake in both sites up to 100%. dated August 31.
The value of the deal has not been made public.
LatAmOil: Barbados prepares to offer all
AsianOil: Santos takes FID on Darwin 22 open offshore blocks
Pipeline Duplication Project Barbados will offer all 22 available blocks in its
Australia’s Santos has taken a final investment offshore zone to international oil companies in a
decision (FID) to proceed with the Darwin Pipe- bidding round in the fourth quarter of this year,
line Duplication Project. The scheme will extend the Ministry of Energy and Business Develop-
the Barossa gas export pipeline to the Darwin ment has announced..
LNG facility and allow for the repurposing of the
Bayu-Undan to Darwin pipeline that currently MEOG: Novatek leaves Lebanon
carries natural gas from offshore Timor-Leste to Russia’s Novatek has withdrawn from a consor-
the Santos-operated LNG plant. tium that controls two Lebanese licences, the lat-
est in a string of disappointments and delays for
EurOil: How much Azeri gas can head to Beirut as it looks to explore for resources offshore.
Europe? Energy Minister Walid Fayad said Novatek had
Europe has reached out to Azerbaijan as a source cited “economic and financial [issues and] polit-
of additional gas supply to eliminate more of its ical risks” as its reasons for dropping its stake in
imports from Russia. But how much extra gas the consortium with TotalEnergies of France and
the country would be able to provide, beyond Eni of Italy, both of which own stakes of 40%.
the 10 bcm per year it is already sending, will
depend on results from upcoming exploration NorthAmOil: Cheniere outlines further
work at key fields, and whether Turkey waives its expansion plans for Corpus Christi LNG
first right to supplies. Cheniere Energy intends to add further capac-
ity to its Corpus Christi LNG export terminal in
FSU OGM: Unknown Dubai firm bids for Texas, beyond the 10mn tonne per year expan-
Shell’s stake in Russian oil project sion that is currently under construction at the
A little-known Dubai-based logistics company plant. The company has requested that the US
called Wellnord is reportedly prepared to buy Federal Energy Regulatory Commission (FERC)
Shell’s 50% stake in its Salym Petroleum Devel- begin its National Environmental Policy Act
opment (SPD) joint venture with Russia’s Gaz- (NEPA) prefiling review for two additional mid-
prom Neft. Shell vowed to withdraw from the scale trains at Corpus Christi. ™

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P18 www. NEWSBASE .com Week 36 08•September•2022