Page 13 - EurOil Week 17 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Western equipment and technology, not to
(NRG), in which the reader is invited to join mention financing to cover its $21bn cost.
our team of international editors, who provide a But sanctions have meant many Western
snapshot of some of the key issues affecting their companies involved in the development
regional beats. We hope you will like NRG's new have had to pull out.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: France’s GTT Wins LNG Tank Design
as before. Contract From SMI
France’s GTT has won a contract from South
AfrOil: Cameroon Blames Western Sanc- Korean shipbuilder Samsung Heavy Industries
tions On Russia For Fuel Shortages (SMI) to design a tank for a new LNG Carrier
Cameroon’s Energy Ministry is blaming West- (LNGC). GTT said in a statement that the car-
ern sanctions on Russia for the fuel shortages rier would have a total LNG tank capacity of
that have broken out around the country, 180,000 cubic metres and would be fitted with
according to a report from Voice of America the Mark III Flex membrane containment sys-
(VOA). tem, developed by GTT.
Ministry officials said last week that Cam-
eroon had started running low on fuel earlier LatAmOil: Pemex Under Pressure To Re-
in April because the imposition of sanctions sume Payments On Maturing Securities
triggered a rise in crude prices that made Mexico’s national oil company (NOC)
imports more expensive. Pemex has reportedly come under more
pressure from the Finance Ministry to
AsianOil: Petronas, Sabah Sign MoU On resume payments on maturing securities,
Nearshore FLNG Development despite an earlier promise from President
Petronas and Sabah Oil & Gas Develop- Andres Manuel Lopez Obrador to cover the
ment Corp. (SOGDC) have signed a mem- firm’s obligations until the end of his term
orandum of understanding (MoU) on the in 2024.
development of a nearshore floating LNG
(FLNG) facility in the Malaysian state of MEOG: Syrian Hopes And Iranian Progress
Sabah in Borneo. This week’s MEOG looks at optimism about
post-sanctions Syria and Iran’s continued
DMEA: Petchems Come To The Fore For efforts to expand upstream capacity.
ADNOC UK-based Gulfsands Petroleum remains
Abu Dhabi’s state oil firm made headlines optimistic about the potential for Syria to
this week as it closed a petrochemicals deal reinvigorate its oil sector following its ravag-
with India’s Reliance while moving closer to ing by 11 years of civil conflict and sanctions
an IPO for its plastics venture. that continue to prevent the legal resump-
ADNOC’s Abu Dhabi Chemicals Deriva- tion of operations.
tives Co. (TA’ZIZ) JV this week formalised a
shareholder agreement with Reliance Indus- NorthAmOil: CNOOC Confirms End To
tries Ltd (RIL) for the TA’ZIZ EDC & PVC Flemish Pass Basin Exploration
project to be located in Ruwais. China National Offshore Oil Corp. (CNOOC)
has confirmed to Canadian media that it is
FSUOGM: Novatek Warns Of Arctic LNG-2 exiting the Flemish Pass Basin offshore New- See the archive and
Delay foundland and Labrador. sign up to receive
Prospects for Russia’s second-biggest LNG The Chinese company’s exit follows *NRG Editor’s Picks*
exporter Novatek look in doubt, after its an unsuccessful drilling campaign in the for free by email each
CEO Leonid Mikhelson warned at a share- basin. It drilled the highly anticipated week here
holders’ meeting last week that the sched- Pelles well last year, but subsequently
ule for its upcoming Arctic LNG-2 project said in mid-2021 that the well would be
could be delayed because of sanctions. plugged and abandoned, without provid-
Arctic LNG-2 has relied significantly on ing further details.

Week 17 27•April•2022 www. NEWSBASE .com P13