Page 16 - EurOil Week 12 2023

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup of the Krasnoyarsk region on developing
Global (NRG), in which the reader is invited several gas blocks to underpin the LNG
to join our team of international editors, who project.
provide a snapshot of some of the key issues
affecting their regional beats. We hope you GLNG: Australian LNG terminals export less
will like NRG's new concise format, but by in February as fears grow over short-term
clicking on the headline link for each section market intervention
the full text will be available as before. Australia marked a banner year for liquefied
natural gas (LNG) exports in 2022 as the
AfrOil: Shell strikes oil at Jonker-1X well off- country was the global leader shipping 10.7bn
shore Namibia cubic feet (303mn cubic metres) per day of
Shell (UK) has reportedly struck oil for the the super-chilled fuel, nipping the US which
third time at the PEL 39 deepwater licence exported 10.6 bcf (300 mcm) per day and
area in the Orange basin offshore Namibia, as Qatar, which sent 10.5 bcf (297 mcm) per day
its partners in the project revealed on March 6 abroad last year. It set a new record for exports
that a discovery had been made in the Jonker- for Australia as LNG facilities operated at 92%
1X exploration well. The company announced of the nameplate capacity of 88.6mn tonnes
its first find at the Graff field in early 2022, and per year.
now its partners QatarEnergy and National
Petroleum Corp. of Namibia (NAMCOR) LatAmOil: APA confident in potential of
are reporting positive results from the Jonker Block 58 offshore Suriname
field. John Christmann, the president and CEO
of US-based APA Corp., has expressed
DMEA: Modular refinery expansion com- confidence in the hydrocarbon potential
plete of Block 58 offshore Suriname, despite
Nigeria’s ND Refineries Ltd reported this uncertainty over when the block’s operator
week that it has completed mechanical TotalEnergies (France) might make a final
construction of a fourth train at its Ogbele investment decision (FID). According
modular refinery, raising production capacity to Christmann, Block 58’s reserves are
to 14,000 barrels per day (bpd). It said the new substantial, and Sapakara – the site of the
unit would be dedicated to the production of latest appraisal well, Sapakara South-2 – is
petrol for the domestic market. Local media likely to underpin a future development
reported that the facility would be inaugurated project.
and brought into operation before the end of
this year. MEOG: TotalEnergies expands UAE portfolio
TotalEnergies has agreed to purchase the
EurOil: Conversion Work Begins In Singa- upstream assets of Spanish firm CEPSA in
pore For Alexandroupolis FSRU the UAE, while adding a stake in a Japanese-
Greece’s GasLog has delivered a vessel led joint venture (JV) that operates other
to the Keppel shipyard in Singapore for offshore assets. The assets to be acquired
its conversion into a floating storage and include a 20% participating interest in the
regasification unit (FSRU). When ready later Satah Al Razboot (SARB), Umm al-Lulu,
this year, the vessel will be installed off the Bin Nasher and Al Bateel (SARB and
northern coast of Greece near the port city of Umm al-Lulu) offshore concession, and a
Alexandroupolis, where construction work on 12.88% indirect interest in the Mubarraz
an LNG terminal is underway. concession.

FSUOGM: Gazprom Unveils $3bn East Si- NorthAmOil: Canadian Natural Resources
berian LNG Project reports record profits for 2022
Gazprom plans to develop a $3bn mid-sized Canadian Natural Resources Ltd (CNRL)
LNG export terminal in Eastern Siberia, as has reported record full-year profits for
Russia scrambles to expand its liquefaction 2022 despite oil prices that decreased See the archive and
capacity following the loss of most of its towards the end of the year from a 14-year- sign up to receive
European gas market share. high. CNRL, Canada’s largest oil and gas *NRG Editor’s Picks*
The state-owned gas exporter’s subsidiary producer, also faced extreme winter weather for free by email each
Gazprom Nedra last week signed a co- in December that disrupted its production week here
operation agreement with the administration in the oil sands.

P16 www. NEWSBASE .com Week 12 22•March•2023