Page 15 - MEOG Week 25 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global the Global Methane Pledge Energy Pathway, in
(NRG), in which the reader is invited to join an effort to drive reductions in methane emis-
our team of international editors, who provide a sions from the oil and gas industry.
snapshot of some of the key issues affecting their The pathway builds on the Global Methane
regional beats. Pledge (GMP), involving the US and EU and 118
By clicking on the headline link for each sec- other countries that have set a target of reducing
tion the full text will be available. anthropogenic methane emissions by at least
30% by 2030 from 2020 levels.
AfrOil: First gas loaded into Coral Sul FLNG
The Coral South LNG consortium is on track to FSUOGM: Novatek downplays LNG concerns
begin producing LNG on schedule in the second Novatek CEO Leonid Mikhelson sought to
half of 2022, as it has begun loading natural gas downplay concerns about delays at the compa-
into the Coral Sul floating LNG (FLNG) vessel ny’s Arctic LNG-2 project at the St Petersburg
installed at Area 4 offshore Mozambique. International Economic Forum last week, not-
Eni, the operator of the consortium, said in a ing that while there were “many problems, we
press release dated June 18 that Coral South LNG strive to meet the 2023 deadline.”
had “safely achieved the introduction of hydro- Mikhelson had warned at a shareholders’
carbons” into the FLNG unit, which arrived at meeting in April that the project, which at full
its current site at the Coral South gas field earlier capacity will produce 19.8mn tonnes per year of
this year. LNG, might have its schedule revised because of
Western sanctions.
AsianOil: JGC wins Indonesia EPC
Japan’s JGC Holding has announced that its sub- GLNG: QatarEnergy adds more NFE JVs
sidiary, JGC Indonesia, has won an engineering, QatarEnergy has followed up on last week’s deal
procurement and construction contract from to include TotalEnergies in its North Field East
Jadestone Energy (Lemang) for a gas processing (NFE) LNG expansion with the signing of joint
facility and a sales pipeline for the onshore Akat- venture (JV) agreements with three more IOCs.
ara gas field. Last week, the French super-major took a
According to a statement released by JGC, 25% stake in a JV – assumed to be called NFE
the EPC services – provided for an undisclosed 1 – with the Qatari firm running until 2054.
lump-sum amount – cover new gas, liquefied
petroleum gas and condensate processing facil- LatAmOil: APA reports on Krabdagu-1 well
ities with a capacity of 25mn cubic feet (708,000 APA Corp. (US) revealed on June 21 that Krab-
cubic metres) per day along with a 17-km dagu-1, an exploration well drilled at Block 58
pipeline. offshore Suriname, appeared to contain at least
180mn barrels of oil in place.
DMEA: Al-Zour commissioning under way In a statement, APA said flow test data col-
Kuwait’s Integrated Petroleum Industries Co. lected from the well indicated that Krabdagu-1
(KIPIC) has begun test runs at its greenfield held crude oil in the Upper Campanian and
Al-Zour refinery in the south of the country, Lower Campanian horizons.
marking the start of the facility’s commissioning.
Meanwhile, Tanzanian and Ugandan insur- NorthAmOil: Targa to buy Lucid for $3.6bn
ance providers have struck a deal on the estab- Targa Resources announced on June 16 that
lishment of a consortium that will ensure the it had struck a deal to buy Lucid Energy from
uniformity of premiums for local contractors Riverstone Holdings and Goldman Sachs Asset
involved in the East Africa Crude Oil Pipeline Management for $3.55bn in cash.
(EACOP) project. The transaction represents the largest mid-
stream acquisition and divestiture (A&D) deal
EurOil: US-EU launch emissions pathway in the Permian Basin since 2019, according to
The US, the EU and 11 countries have launched energy analytics firm Enverus.™

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