Page 14 - NorthAmOil Week 06 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global supply deal, as Moscow doubles down on its pivot
(NRG), in which the reader is invited to join towards Beijing against a backdrop of height-
our team of international editors, who provide a ened tensions with the West over Ukraine. Rus-
snapshot of some of the key issues affecting their sia’s national gas company Gazprom announced
regional beats. We hope you will like NRG’s new on February 4 that it had agreed on the annual
concise format, but by clicking on the headline link sale of 10bn cubic metres per year of natural gas
for each section the full text will be available as to China’s CNPC over a 30-year period.
before.
GLNG: Cedar LNG awards FEED contract
AfrOil: NAMCOR confirms oil find at Graff-1 Canada’s Cedar LNG announced this week that
Namibia’s national oil company has issued a it had awarded a front-end engineering and
statement confirming the discovery of light design contract to Black & Veatch and Samsung
crude oil in Graff-1, an exploration well drilled Heavy Industries for its proposed floating LNG
at the deepwater PEL 39 block offshore Namibia. project. Pembina Pipeline and the Haisla Nation
In its statement, National Petroleum Corp. of are partners in Cedar LNG. Pembina acquired a
Namibia (NAMCOR) reported that the well had 50% interest in the project last year.
“proved a working petroleum system for light oil
in the Orange Basin.” LatAmOil: Guyana exports first crude cargo
to Brazil
AsianOil: Shell outlines QGC drilling plans Guyana has reportedly exported its first cargo of
Royal Dutch Shell has unveiled plans for the next crude oil from the Liza-1 field to an independent
phase of onshore gas development in Queens- refinery in neighbouring Brazil. Citing a source
land, Australia, alongside its partners in the familiar with the deal, Reuters reported last week
QGC joint venture. In a February 8 statement, that the cargo had been shipped by ExxonMobil
Shell said QGC would drill and connect around (US), the operator of the Stabroek block offshore
145 new wells in the Western Downs region of Guyana.
Queensland between now and 2024.
MEOG: Aramco on sale, again
DMEA: Refined focus for Ghana and Ugan- This week’s MEOG covers the potential for
da Saudi Aramco to list more shares and a major
In DMEA this week we look at refining updates gas find in the UAE. State-owned Aramco is
from Ghana and Uganda. The Ghanaian govern- reported to be holding early talks about the
ment is seeking strategic partners willing to provide potential listing of more of the company’s
the capital required to rehabilitate its dilapidated shares, in a move seen as raising significantly
state-owned Tema Oil Refinery (TOR). Mean- more than the firm’s 2019 initial public offer-
while, Uganda’s energy minister held talks this ing. Meanwhile, Abu Dhabi National Oil Co.
week with the consortium developing the coun- (ADNOC) last week announced the discov-
try’s first oil refinery, days after a final investment ery of a significant gas deposit in the Offshore
decision was taken on the project to develop the Block 2 concession, which is operated by Italian
larger of the oilfields that will provide its feedstock. firm Eni following its award in the second com-
petitive bid round.
EurOil: Shell profits soar on high oil, gas
prices NorthAmOil: Crescent Point reportedly
Shell reported a sharp upswing in profits in seeks to sell assets
2021 on the back of soaring commodity prices, Canadian light oil producer Crescent Point
according to results published on February Energy is reportedly seeking to sell some
3. Full-year adjusted earnings amounted to of its assets in Alberta and Saskatchewan.
$19.29bn, Shell said, up from $4.85bn in the pre- According to Reuters, which cited an industry
vious year, and surpassed a forecast of $17.8bn source, as well as marketing documents it had
based on a Refinitiv analyst poll. seen this week, the assets could fetch around
CAD500mn ($394mn).
FSUOGM: Russia expands China ties with
new gas deal See the archive and sign up to receive NRG Editor’s
Russia and China have clinched a new gas Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 06 10•February•2022