Page 18 - GLNG Week 06 2023

GLNG NEWSBASE ROUNDUP GLOBAL (NRG) GLNG

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup FSUOGM: Russian Gas Pipe Flow Dips To
Global (NRG), in which the reader is invited Record Low In January
to join our team of international editors, who Russian pipeline gas flowing to Europe
provide a snapshot of some of the key issues dipped to a record low in January, down 30%
affecting their regional beats. We hope you will compared with supplies in December, while
like NRG's new concise format, but by clicking experts warn that there could be significant
on the headline link for each section the full text further downside risk to the country’s
will be available as before. deliveries.
Europe has enjoyed unseasonably high
AfrOil: Italy, Libya Sign $8bn Gas Deal temperatures in recent weeks, and with ample
Italian Prime Minister Giorgia Meloni arrived LNG supply and gas volumes in storage, this
in Libya on January 28 to sign a natural gas has resulted in prices dropping to their pre-
supply deal with the state-owned oil company, Ukraine war levels, despite the steep drop in
after visiting Algeria the previous week for Russian deliveries.
the same purpose. She was accompanied by
Claudio Descalzi, the CEO of Italy’s Eni, and LatAmOil: AMLO Pledges To Help Pemex
Italian Foreign Minister Antonio Tajani. With Bond Payments
Mexico’s President Andres Manuel Lopez
AsianOil: Philippines Clears Development Obrador has indicated that his government
Of Seventh LNG Import Project is responding positively to requests from
Authorities in the Philippines announced the national oil company (NOC) Pemex for
on January 27 that they have greenlit the assistance in covering financial obligations to
development of a $67mn small-scale LNG holders of its securities.
import terminal to provide a source of fuel Speaking to journalists on January 26,
for power generation. It is the seventh such he said Mexico City had formulated a plan
facility to be approved. to ensure that Pemex could pay its debt
amortisations in 2023.
DMEA: Militia Threatens Iraqi Pipeline
An Iraqi militant group with links to Iran this MEOG:Maha And Mafraq Sign Oman Deal
week made vague threats to halt any effort to Swedish explorer Maha Energy and local
establish a pipeline route linking Basra with firm Mafraq Energy this week signed a
the Red Sea. joint operating agreement for Oman’s
Various versions of plans to build a 1,600- Block 70 concession following a farm-in
km conduit to carry crude oil from Iraq’s oil- deal last year.
rich Basra Governorate to the Red Sea port of Maha operates Block 70 with a 65%
Aqaba have been on the drawing board since shareholding, while Mafraq holds the
1982, with political, technical and commercial remainder following its August farm-in to
concerns converging to derail progress. the exploration and production-sharing
agreement (EPSA).
EurOil: CNOOC Puts Sale Of UK North Sea
Business On Hold NorthAmOil: ExxonMobil, Chevron Profits
China’s largest offshore oil and gas producer Soar
CNOOC Ltd has put on hold the intended The US’s two largest oil companies have posted
sale of its UK North Sea assets, Bloomberg record profits as blowback continues, including
reported this week. from politicians and consumer groups, and in See the archive and
Initial offers for the portfolio did not particular from US President Joe Biden. sign up to receive
live up to CNOOC’s expectations, but a ExxonMobil reported profits of $55.7bn in *NRG Editor’s Picks*
sale process could be resumed if market 2022. Its previous record was $45.2bn in 2008, for free by email each
conditions improve, the news agency said, when oil was $142 a barrel, 30% higher than week here
citing sources. in 2022.

P18 www. NEWSBASE .com Week 06 10•February•2023