Page 17 - FSUOGM Week 18 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Gunvor secures long-term deal
(NRG), in which the reader is invited to join with Energy Transfer for US LNG
our team of international editors, who provide a Swiss-based commodity trader Gunvor is to
snapshot of some of the key issues affecting their buy 2mn tonnes per year of LNG from Energy
regional beats. We hope you will like NRG’s new Transfer’s proposed Lake Charles LNG export
concise format, but by clicking on the headline terminal. Gunvor agreed to a 20-year FOB deal
link for each section the full text will be available as European buyers look to tie in long-term sup-
as before. ply deals for US LNG supplies at below the cur-
rent high spot prices.
AfrOil: TotalEnergies joins other IOCs in
selling Nigerian onshore assets LatAmOil: Olmeca refinery may cost as
TotalEnergies (France) intends to join other much as $14bn
international oil companies in trimming its The final price tag for the 340,000 barrel per
onshore portfolio in Nigeria. It will accomplish day refinery that Mexico’s national oil company
this goal by unloading its minority stake in Shell Pemex is building in Tabasco State may be nearly
Petroleum Development Corp. (SPDC), a joint twice the original figure of $8bn, according to a
venture that operates 19 onshore oil and gas report from Reuters. The news agency reported
licences in the southern part of the country. late last week, citing government documents and
sources close to the project, that officials in Mex-
AsianOil: India reportedly discussing oil ico City now believed that the NOC would have
import deal with Russia to spend around $14bn on the Olmeca refinery,
India is reportedly engaged in high-level talks formerly known as Dos Bocas.
with Russia over a six-month deal to import oil.
This comes amid a rise in the South Asian coun- MEOG: Iran looks for alternatives
try’s purchases of Russian crude in the wake of As the chances of resuscitating the Joint Com-
the war in Ukraine. prehensive Plan of Action (JCPOA) appear to
grow slimmer by the day, Tehran is courting
DMEA: Ghana offers optimism on Tema alternative political ties as a means to bring eco-
This week, DMEA looks at the voicing of opti- nomic opportunity. Meanwhile, Iraqi Prime
mism about the rehabilitation of Ghana’s only oil Minister Mustafa al-Kadhimi has said that Teh-
refinery. Ghanaian President Nana Akufo-Addo ran and Riyadh are working towards a mutual
provided an update on efforts to repair and rein- understanding on improving bilateral relations.
state capacity at the country’s Tema refinery.
NorthAmOil: ExxonMobil, Chevron post
EurOil: BP attributes record quarterly loss first-quarter profits
to Russia exit US super-majors ExxonMobil and Chevron have
UK-listed super-major BP has posted a record posted multi-billion-dollar profits for the first
loss of $20.4bn for the first quarter of 2022. The quarter of 2022, during which West Texas Inter-
company also reported its strongest operational mediate crude prices averaged $95 per barrel and
performance in more than a decade on the back briefly rose above $120 per barrel. ExxonMobil
of strong commodity prices, but this was wiped reported net income for the quarter of $5.5bn, or
out by a $24.4bn write-down in the quarter, $1.28 per share, down sequentially from $8.9bn
largely related to BP’s decision to exit its invest- in the fourth quarter of 2021 but up from $2.7bn
ments in Russia. in the first quarter of last year. ™

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Week 18 05•May•2021 www. NEWSBASE .com P17