Page 19 - DMEA Week 07 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global rising oil and gas prices and economic recovery,
(NRG), in which the reader is invited to join which more than offset the impact of OPEC+
our team of international editors, who provide a restrictions.
snapshot of some of the key issues affecting their The company, which accounts for 40% of Rus-
regional beats. sian oil output, achieved a seven-fold increase in
We hope you enjoy NRG’s new concise for- ruble terms in net profit to RUB883bn ($11.8bn),
mat, but by clicking on the headline link for each while in US dollar terms, it rose almost sixfold
section the full text will be available as before. to $11.9bn.
AfrOil: TotalEnergies provides Moz clarity GLNG: China seeks greater LNG role
Patrick Pouyanné, the CEO of TotalEnergies China is reportedly working to establish itself as
(France), has qualified his recent statements a major player in global LNG trading.
about the possibility that work on the Mozam- The move comes around 20 years after the
bique LNG project may resume before the end country made a similar push into oil trading.
of this year.
Speaking with analysts during a quarterly LatAmOil: ExxonMobil launches Liza-2
earnings call on February 10, Pouyanné stressed ExxonMobil (US) and its partners launched
that security conditions would determine when commercial operations at the Liza-2 oilfield
work on Mozambique LNG, which was sus- offshore Guyana on February 11, marking the
pended late last March, might resume. start of their second development project at the
Stabroek block.
AsianOil: Rig hired for Malaysian work The US super-major issued a statement
Units of US independent ConocoPhillips have announcing first oil at Liza-2, saying that the
contracted Icon Offshore to provide a jack-up Liza Unity floating production, storage and
rig for a multi-well drilling campaign offshore off-loading (FPSO) unit had come on stream.
Malaysia that is due to start in the second quar-
ter of this year. MEOG: PIF picks up Aramco shares
According to a February 11 filing, Icon’s I Crown Prince Mohammed bin Salman this week
Oilfield Services subsidiary was issued a letter of transferred 4% of Aramco’s shares to the King-
award by two units collectively known as Cono- dom’s sovereign wealth fund, the Public Invest-
coPhillips Sarawak on December 23, 2021. ment Fund (PIF).
Meanwhile, Iran’s Petroleum Engineering
EurOil: Gas prices bullish on Ukraine fears and Development Co. (PEDEC) said this week
TTF gas prices were bullish in early trading that production capacity at the South Azadegan
this week, after the White House warned that a oilfield will increase by 15,000 barrels per day by
Russian invasion of Ukraine could occur within the end of next month.
days. The Biden administration’s national secu-
rity advisor Jake Sullivan warned late on Feb- NorthAmOil: Alberta’s tougher stance
ruary 11 that Russia could launch a military The provincial government of Alberta is report-
incursion “any day now” – possibly even before edly planning to toughen its greenhouse gas
the Winter Olympics in Beijing end. emissions standards for oil sands mines.
The move would close a loophole that
FSUOGM: Rosneft profits hit record allowed some of the highest-emissions facilities
Profits at Russia’s largest oil company Rosneft to claim millions of dollars’ worth of tradeable
surged to a record-high last year on the back of credits.).™

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