Page 14 - GLNG Week 21 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSU OGM: Russian bookings generating
(NRG), in which the reader is invited to join new business for Sovcomflot
our team of international editors, who provide a Russia’s state-owned tanker operator Sovcom-
snapshot of some of the key issues affecting their flot (SCF) is still attracting plenty of business,
regional beats. We hope you will like NRG’s new with a surge of recent bookings from Russian
concise format, but by clicking on the headline link oil producers partially making up for the loss
for each section the full text will be available as of Western clients in the wake of the invasion of
before. Ukraine, according to a report from Bloomberg.
SCF, the owner of the world’s largest fleet of mid-
AfrOil: Germany, Senegal focus on pros- sized crude oil carriers, saw a large portion of
pects for gas co-operation its fleet go underutilised in the first two months
Natural gas projects were among the key items after the outbreak of war in Ukraine.
on the agenda at a meeting between German
Chancellor Olaf Scholz and Senegalese President GLNG: Regas rates at Grain LNG reach re-
Macky Sall.Scholz, who kicked off his first state cord levels as European demand soars
visit to Africa on May 22, said Germany was very The Grain LNG terminal in the UK posted record
keen on working with Senegal to develop local gas send-out levels in April, as high demand for
gas fields, produce LNG and make use of renew- gas from Europe pushed utilisation rates up, with
able energy resources. LNG tankers having arrived from eight new
countries since January. The terminal saw its
AsianOil: Australian election spells new un- highest ever utilisation rate in April, sending out
certainty for oil and gas an average of 431 GWh per day, higher than the
Australia’s federal election, held on May 21, has previous high of 412.2 GWh in April 2021.
resulted in a change of government following
a victory by the Australian Labor Party (ALP). LatAmOil: Bolivian gas supply cuts may
Results were still being counted as of May 24 lead Petrobras to import more LNG
and it was unclear whether the ALP would Brazil’s national oil company Petrobras has
have an outright majority in the House of said it may need to import more LNG due to an
Representatives. unexpected cut in shipments of natural gas from
Bolivia. Petrobras noted in a statement that sup-
DMEA: Nigeria’s grand refining plans ply concerns had arisen as a consequence of the
This week, DMEA looks at Nigeria’s ambitious fact that YPFB, the Bolivian NOC, had reduced
plans for refining expansion amid calls for the the volume of gas flowing to Brazil by 30% this
build-out of the country’s midstream. Looking month.
to support local communities, create jobs, shel-
ter the country from fuel market volatility and MEOG: Gas plans and oil discoveries
wean itself off costly subsidies and fuel imports, This week, MEOG covers plans to revive a
the Nigerian Content Development and Mon- project to pipe gas across the Gulf and the
itoring Board (NCDMB) has announced plans announcement of oil discoveries in the UAE.
to increase refining capacity to 1.4mn barrels Iran and Oman are resurrecting a project to
per day by 2027 from the current level of around lay an underwater pipeline to transport gas to
16,000 bpd. Meanwhile, other officials have Oman, according to Iran’s Oil Minister Javad
pointed to the opportunities for Nigeria in the Owji. Meanwhile, ADNOC has announced the
midstream and from the development and har- discovery of 650mn barrels of oil across three
nessing of its large gas reserves. oilfields in the Emirate.

EurOil: Schroeder steps down from Rosneft NorthAmOil: Centennial, Colgate in largest
board shale merger of 2022
Former German Chancellor Gerard Schroeder Centennial Resource Development and Colgate
has resigned from the board of Russia’s state- Energy Partners III announced on May 19 that
owned oil company Rosneft, days after the they had agreed to combine in what the compa-
German parliament voted to strip him of his nies described as a merger of equals. The $7.0bn
taxpayer-funded office and staff. State-owned transaction values Colgate at roughly $3.9bn and
Rosneft announced Schroeder’s departure from consists of 269.3mn shares of Centennial stock,
the board on May 20. According to a company $525mn in cash and the assumption of around
statement, the chairman has informed Rosneft $1.4bn of Colgate’s outstanding net debt
that he is not able to extend his term.
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P14 www. NEWSBASE .com Week 21 27•May•2022