Page 20 - FSUOGM Week 03 2023

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup regulating economic activities related to oil and
Global (NRG), in which the reader is invited oil products in the final reading on January 13.
to join our team of international editors, who The amendments were proposed by Democratic
provide a snapshot of some of the key issues Bulgaria and aim to prevent closure of the coun-
affecting their regional beats. We hope you will try’s sole oil refinery, which is also the largest in
like NRG's new concise format, but by clicking the Balkans.
on the headline link for each section the full text
will be available as before. GLNG: Inpex to accelerate LNG plans
Japanese oil and gas firm Inpex plans to accel-
AfrOil: Snam acquires 49.9% stake in Alge- erate the expansion of its LNG production and
ria-Italy gas pipelines from Eni sales business, predicting that the market will
The Italian natural gas grid operator Snam has continue to be tight in the medium term, its
acquired Eni’s 49.9% stake in companies oper- CEO told Reuters on January 12. “Global LNG
ating two groups of gas pipelines between North market is expected to remain tight in the mid-
Africa and Italy for €405mn ($435mn), Eni said term due to the structural change of the global
in a statement on January 11. Under the deal, natural gas market since the Russian invasion
which secured approvals after nearly 14 months of Ukraine,” CEO Takayuki Ueda told the news
delay, Snam’s SeaCorridor subsidiary has taken agency.
the 49.9% stake.
LatAmOil: Security threat leads Petrobras to
AsianOil: Japanese PM to talk gas in Can- ramps up security at refineries
ada Brazil’s state-owned Petrobras ramped up
Ahead of the first official visit to Canada this security measures at refineries after learning of
week by Japanese Prime Minister Fumio threats against its assets, company sources said
Kishida, political commentators on both sides on January 8. The unnamed sources did not
of the North Pacific expected talks on future describe the exact nature of the threats. They
LNG supplies to Tokyo to feature prominently. told Reuters, though, that threats had been
And with Tokyo having succeeded to the role directed at oil-processing plants in Paraná, Rio
of Group of Seven president as from January 1, de Janeiro and São Paulo states.
all eyes in industry circles back home in Tokyo
were on Kishida’s efforts to guarantee future MEOG: KOC keeps contracting
shipments of Canadian LNG. Kuwait’s state-owned upstream operator last
week awarded another major contract as new
DMEA: Deal for Ras Laffan chems plant reports emerged about further delays to an
State-owned QatarEnergy and US-based Chev- already overdue project. French firm Technip
ron Philips Chemical (CPChem) last week Energies was picked by Kuwait Oil Co. for a five-
agreed a $6bn deal to build the world-scale Ras year framework agreement that covers project
Laffan Petrochemicals Complex. A press release management consultancy, front-end engineer-
from the Qatari firm said that integrated olefins ing and design and associated services for major
and polyethylene facility at Ras Laffan Industrial projects under development in the Gulf state.
City was expected to begin production in 2026
and comprise an ethane cracker with a capacity NorthAmOil: Phillips 66 signs $3.8bn deal
of 2.1mn tonne per year of ethylene. to buy stake in DCP Midstream
Phillips 66 has agreed to acquire all of the pub-
EurOil: Bulgaria mulls taking control of Rus- licly held common units representing limited
sia-owned oil refinery partner interests in pipeline operator DCP Mid- See the archive and
Bulgaria could take over the operation of Rus- stream LP, in an all-cash deal worth $3.8bn. This sign up to receive
sia-owned oil refinery Lukoil Neftochim Burgas is a cash consideration of $41.75 per common *NRG Editor’s Picks*
as lawmakers adopted amendments to the law unit. for free by email each
week here

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