Page 17 - LatAmOil Week 05 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global at the tail-end of winter. Hammerfest LNG had
(NRG), in which the reader is invited to join to be closed in September 2020 after a serious
our team of international editors, who provide a fire tore through the facility, requiring extensive
snapshot of some of the key issues affecting their repairs and reconstruction.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Gazprom Neft to lead Russian
link for each section the full text will be available output growth
as before. Gazprom Neft aims to be producing 3mn barrels
of oil equivalent per day by 2025, the company’s
AfrOil: TotalEnergies hopes to resume CEO Alexander Dyukov announced last week,
Mozambique LNG project in 2022 which would put it on a faster growth trajectory
Patrick Pouyanné, the CEO of TotalEnergies than any of its peers. The oil arm of state-owned
(France), has said he hopes to see construction Gazprom said in mid-December that it would
work on the $20bn Mozambique LNG project reach its long-held goal of producing 2mn boepd
resume before the end of this year. Speaking of oil and gas by the end of last year.
during a visit to Maputo on January 31, Pouy-
anné stressed that the French major was still GLNG: Gastrade reaches FID on
waiting for security conditions to improve in Alexandroupolis LNG
Cabo Delgado Province, where the Mozambique Greece’s Gastrade announced on January 28
LNG consortium has already begun building its that it had made a final investment decision on
onshore complex. the Alexandroupolis LNG import terminal. The
floating LNG project, off the coast of Alexan-
AsianOil: Malaysia launches 2022 droupolis, will have the capacity to import up
licensing round to 5.5bn cubic metres per year of gas. It will be
Malaysia’s state-owned Petronas launched the Greece’s second LNG import terminal.
country’s 2022 licensing round on January 27.
Under the Malaysia Bid Round 2022, 14 explo- MEOG: Kuwait keeps moving upstream
ration blocks, six clusters of discovered resource State-owned Kuwait Oil Co. (KOC) is expected
opportunities and one cluster of late-life assets to issue tenders for high-pressure water injec-
are on offer. tion to increase oil production from northern
oilfields. Meanwhile, a group of officials from
DMEA: Going in circles Kuwait and Saudi Arabia met this week to hold
Saudi Arabia’s National Methanol Co. (Ibn Sina) talks about the future development of oil projects
has received accreditation for circular methanol in their shared Partitioned Neutral Zone.
production by the International Sustainability
and Carbon Certification (ISCC). Meanwhile, NorthAmOil: ConocoPhillips to sell certain
Nigerian National Petroleum Corp. (NNPC) Permian assets to Maverick
has said that its effort to rehabilitate Port Har- US-based ConocoPhillips has agreed to sell
court Refining Co. (PHRC) is running behind certain assets in the Permian Basin to privately
schedule. owned Maverick Natural Resources for $440mn.
The producing assets are located in the Permi-
EurOil: More Hammerfest LNG delays an’s Central Basin Platform and Northwest Shelf
Equinor has warned of a further delay in the areas, spanning roughly 144,500 net acres (585
restart of the Hammerfest LNG plant in Nor- square km) across Texas’ Andrews and Ector
way’s far north, dashing hopes that the terminal counties and New Mexico’s Eddy and Lea coun-
would help ease supply constraints in Europe ties. ™

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Week 05 03•February•2022 www. NEWSBASE .com P17