Page 17 - LatAmOil Week 25 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global involving the US and EU and 118 other countries
(NRG), in which the reader is invited to join that aim to reduce anthropogenic methane emis-
our team of international editors, who provide a sions by at least 30% by 2030 from 2020 levels.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: Novatek downplays concerns
concise format, but by clicking on the headline over Arctic LNG-2 launch delays
link for each section the full text will be available Novatek CEO Leonid Mikhelson sought to
as before. downplay concerns about delays at the compa-
ny’s Arctic LNG-2 project at the St Petersburg
AfrOil: First gas loaded into Coral Sul International Economic Forum last week, not-
FLNG ing that while there were “many problems, we
The Coral South LNG consortium is set to begin strive to meet the 2023 deadline.” Mikhelson had
producing LNG on schedule in the second half warned at a shareholders’ meeting in April that
of 2022, as it has begun loading natural gas the project, which at full capacity will produce
into the Coral Sul floating LNG (FLNG) vessel 19.8mn tonnes per year of LNG, might have its
installed at Area 4 offshore Mozambique. Eni, schedule revised because of Western sanctions.
the operator of the consortium, said on June 18
that Coral South LNG had “safely achieved the GLNG: QatarEnergy adds more JVs for
introduction of hydrocarbons” into the FLNG. NFE development
QatarEnergy has followed up on last week’s deal
AsianOil: JGC Indonesia awarded EPC to include TotalEnergies in its North Field East
contract for Akatara gas plant (NFE) LNG expansion with the signing of joint
Japan’s JGC Holding has announced that its venture agreements with three more IOCs. Last
subsidiary, JGC Indonesia, has won an engi- week, the French super-major took a 25% stake
neering, procurement and construction (EPC) in a JV – presumably to be called NFE 1 – with
contract from Jadestone Energy (Lemang) for a the Qatari firm running until 2054.
gas processing facility and a sales pipeline for the
onshore Akatara gas field. MEOG: Kuwait to drill offshore
State-owned Kuwait Oil Co. (KOC) is nearing
DMEA: Al-Zour commissioning under way the start of offshore drilling, three years since
Kuwait’s Integrated Petroleum Industries Co. the contract for the work was awarded. Mean-
(KIPIC) has begun test runs at its greenfield while, Abu Dhabi National Oil Co. (ADNOC)
Al-Zour refinery in the south of the country, has awarded the Greek firm Archirodon a three-
marking the start of commissioning. Meanwhile, year engineering, procurement and construc-
Tanzanian and Ugandan insurance providers tion (EPC) contract focusing on the expansion
have struck a deal ensuring the uniformity of of the onshore Asab asset.
premiums for local contractors involved in the
East Africa Crude Oil Pipeline (EACOP) project. NorthAmOil: Targa to buy Lucid in $3.6bn
Permian acquisition
EurOil: US, EU launch pathway to curb Targa Resources said on June 16 that it had struck
emissions a deal to buy Lucid Energy from Riverstone
The US, the EU and 11 countries have launched Holdings and Goldman Sachs Asset Manage-
the Global Methane Pledge Energy Pathway in ment for $3.55bn in cash. The transaction marks
an effort to drive reductions in methane emis- the largest midstream acquisition and divestiture
sions from the oil and gas industry. The pathway (A&D) deal in the Permian Basin since 2019,
builds on the Global Methane Pledge (GMP), noted the energy analytics firm Enverus. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 25 23•June•2022 www. NEWSBASE .com P17