Page 16 - DMEA Week 13 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global response to Western sanctions imposed for the
(NRG), in which the reader is invited to join invasion of Ukraine.
our team of international editors, who provide a Russian President Vladimir Putin has
snapshot of some of the key issues affecting their described Western sanctions as akin to eco-
regional beats. nomic warfare, and announced on March 23
We hope you enjoy NRG’s new concise for- that all payments for Russian gas by so-called
mat, but by clicking on the headline link for each “unfriendly states” should be paid in rubles, and
section the full text will be available as before. has instructed Russia’s Central Bank and Gaz-
prom to put the requirement in place within a
AfrOil: NUPRC highlights oil theft week.
The Nigerian Upstream Petroleum Regulatory
Commission has identified the pipeline net- GLNG: Tellurian starts Driftwood LNG work
works serving the Bonny, Forcados and Brass US-based Tellurian announced on March 28 that
terminals as the biggest sources of crude oil theft it had kicked off construction on its Driftwood
in the country. LNG terminal on Louisiana’s Gulf Coast.
In a meeting with representatives of the The company has issued engineering, pro-
Independent Petroleum Producers Group and curement and construction contractor Bechtel
the Oil Producers Trade Section on March 24, with a limited notice to proceed.
NUPRC officials said that these three networks
appeared to be particularly vulnerable because LatAmOil: Pemex named Zama’s operator
of the economic challenges facing host com- US-based Talos Energy has confirmed its receipt
munities and some investors’ failure to engage of documents from Mexico’s Secretariat of
adequately with residents. Energy (SENER) finalising the decision to award
Pemex, the national oil company, control of the
AsianOil: Sinopec plans highest capex offshore acreage that includes the Zama oilfield.
China’s Sinopec is targeting the largest capital In a statement, Talos said it had received
expenditure budget in its history for 2022. from SENER the unitisation resolution that
This comes after the state-owned company merges Block 7, where Talos originally discov-
recorded its highest profit in a decade, and is in ered Zama, with Uchukil 0152, adjacent block
line with Beijing’s call for energy companies to assigned to Pemex.
ramp up production.
MEOG: Iran drilling and supplies for Jordan
EurOil: Germany to phase out Russian energy The National Iranian Drilling Co. (NIDC)
Germany is looking to halve its imports of Rus- announced this week that it has started a 10-well
sian oil by the middle of this year and make its campaign at the supergiant South Azadegan oil-
refining sector “almost independent” from Mos- field in the south of the country.
cow by the end of 2022, the country’s economy Meanwhile, the Jordanian government this
minister, Robert Habeck, announced on March week agreed to renew an agreement to import
28. 10,000 barrels per day of Kirkuk crude from Iraq
Berlin has radically changed its energy policy after the previous deal expired in January.
in the wake of Russia’s invasion of Ukraine that
started on February 24. NorthAmOil: Shell starts PowerNap output
Shell announced on March 29 that it had started
FSUOGM: Ruble deals to start within days production at the PowerNap project in the US
The Kremlin has warned its Western adversaries Gulf of Mexico.
that Russia’s state-owned gas supplier Gazprom PowerNap is a subsea tieback to the Olym-
will demand payment for its supplies in rubles pus platform, which is also operated by Shell and
within days, in what marks Moscow’s toughest located in the Mars Corridor.™

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P16 www. NEWSBASE .com Week 13 31•March•2022