Page 16 - NorthAmOil Week 04 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global businesses would undermine the post-lockdown
(NRG), in which the reader is invited to join economic recovery.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: Chinese investor signs up for Far
regional beats. We hope you will like NRG’s new East LNG project
concise format, but by clicking on the headline link A Chinese energy firm has lent its support to
for each section the full text will be available as what could be the first large-scale Russian liq-
before. uefaction plant not to be developed by one of the
country’s leading gas majors. Zhejiang Energy,
AfrOil: Dangote refinery eyes start-up in a gas and power supplier in east China that also
H2-2022 imports LNG, has agreed to buy a 10% stake in
The exact starting date of the new Dangote oil Yakutsk LNG, a proposed liquefaction terminal
refinery will be dependent on the outcome of on the shore of Russia’s remote Yakutia region
a testing programme that is due to wrap up late that at full capacity will export up to 18mn
in the third quarter of 2022, a plant official has tonnes per year of LNG to markets in Asia.
said. “Barring any hitches during this period of
the test run of the units, the refinery will start GLNG: Sempra downsizes Cameron LNG
refining crude into [petroleum] products by the expansion plan
fourth quarter of this year,” the official, who was US-based Sempra Energy has downsized its plans
not named, told S&P Global Platts on January for the expansion of its Cameron LNG export ter-
24. minal in Louisiana. In a filing with the US Fed-
eral Energy Regulatory Commission (FERC)
AsianOil: TotalEnergies, Chevron announce last week, the company proposed an expansion
Myanmar withdrawal involving one 6.75mn tonne per year train, down
France’s TotalEnergies and US-based Chevron from a previous expansion plan involving two
are withdrawing from Myanmar, citing the trains with a combined capacity of 10mn tpy.
worsening situation in the country following
last year’s coup. The two companies are partners LatAmOil: Nahle offers reassurances on
in the Yadana natural gas project in the coun- Dos Bocas refinery
try. TotalEnergies announced its exit in a press Mexican Energy Minister Rocio Nahle has
release on January 21, with Chevron confirming responded indignantly to reports that the national
to Reuters the same day that it was also with- oil company Pemex is running over budget and
drawing from Myanmar. behind schedule on the construction of the Dos
Bocas refinery in Tabasco State. On January 22,
DMEA: Fuel and pipes for Kuwait, Kenya Nahle said in a Twitter post that the refinery pro-
In DMEA this week, we look at Kuwait’s plans ject was not experiencing any setbacks.
to expand its network of fuel stations and the
next phase in Kenya’s massive infrastructure MEOG: Faihaa expansion begins
project. Downstream-focused Kuwait National In this week’s MEOG we look at the expansion
Petroleum Co. is set to build 15 new fuel stations plans for one of the forgotten oilfields in Iraq’s
under the second phase of a wider plan to add south-east and a pipeline tender in Kuwait. The
a total of 100 as it seeks to match the country’s operators of south-eastern Iraq’s Faihaa oilfield
urban expansion. Meanwhile, Kenya’s Laps- this week awarded a contract to two Chinese
set Corridor Development Authority (LCDA) firms for the construction of a facility to pro-
has begun work on the next phase of the Lamu cess crude oil from the asset as the developers
Port-South Sudan Ethiopia Transport Corridor move ahead with the field’s expansion. Mean-
(LAPSSET) initiative following the launch of while, state-owned Kuwait Oil Co. (KOC) will
Lamu Port in Q2 last year. soon launch a pipeline construction contract to
support its Jurassic gas production facilities fol-
EurOil: UK businesses urge action on high lowing the award of two major deals in Q4 2021.
energy bills
The UK’s top five business groups have urged the NorthAmOil: Chesapeake confirms Chief
government to take quick and decisive action to acquisition, announces PRB sale
curb rising energy prices, warning that a failure Chesapeake Energy confirmed this week that it
to act will result in lower investment, a rise in was buying privately owned Chief E&D holdings
poverty and potential spiralling inflation. The for about $2.5bn in cash and stock. The compa-
heads of the CBI, the British Chambers of Com- nies had been reported to be in advanced talks
merce, the Institute of Directors, Make UK and over a potential acquisition last week.
the Federation of Small Businesses addressed a
joint letter to UK Chancellor Rishi Sunak, saying See the archive and sign up to receive NRG Editor’s
that “rocketing” energy bills for households and Picks for free by email each week here.™

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