Page 19 - AfrOil Week 25 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global noting that while there were “many problems, we
(NRG), in which the reader is invited to join our strive to meet the 2023 deadline.” Mikhelson had
team of international editors, as they provide a warned at a shareholders’ meeting in April that
snapshot of some of the key issues affecting their the project, which at full capacity will produce
regional beats. We hope you will like NRG’s new 19.8mn tonnes per year of LNG, might have its
concise format, but by clicking on the headline schedule revised because of Western sanctions.
link for each section the full text will be available
as before. GLNG: QatarEnergy adds more JVs for
NFE development
AsianOil: JGC Indonesia awarded EPC QatarEnergy has followed up on last week’s deal
contract for Akatara gas plant to include TotalEnergies in its North Field East
Japan’s JGC Holding has announced that its (NFE) LNG expansion with the signing of joint
subsidiary, JGC Indonesia, has won an engi- venture agreements with three more IOCs. Last
neering, procurement and construction (EPC) week, the French super-major took a 25% stake
contract from Jadestone Energy (Lemang) for a in a JV – presumably to be called NFE 1 – with
gas processing facility and a sales pipeline for the the Qatari firm running until 2054.
onshore Akatara gas field.
LatAmOil: APA notes size of Krabdagu-1
DMEA: Al-Zour commissioning under way well offshore Suriname
Kuwait’s Integrated Petroleum Industries Co. APA Corp. (US) revealed on June 21 that Krab-
(KIPIC) has begun test runs at its greenfield dagu-1, an exploration well drilled at Block 58
Al-Zour refinery in the south of the country, offshore Suriname, appeared to contain at least
marking the start of the facility’s commissioning. 180mn barrels of oil in place. In a statement, APA
Meanwhile, Tanzanian and Ugandan insurance said flow test data collected from the well indi-
providers have struck a deal on the establishment cated that Krabdagu-1 held crude in the Upper
of a consortium that will ensure the uniformity Campanian and Lower Campanian horizons.
of premiums for local contractors involved in the
East Africa Crude Oil Pipeline (EACOP) project. MEOG: Kuwait to drill offshore
State-owned Kuwait Oil Co. (KOC) is nearing
EurOil: US, EU launch pathway to curb the start of offshore drilling, three years since
emissions the contract for the work was awarded. Mean-
The US, the EU and 11 countries have launched while, Abu Dhabi National Oil Co. (ADNOC)
the Global Methane Pledge Energy Pathway in has awarded the Greek firm Archirodon a three-
an effort to drive reductions in methane emis- year engineering, procurement and construction
sions from the oil and gas industry. The pathway (EPC) contract focusing on the expansion of the
builds on the Global Methane Pledge (GMP), onshore Asab asset.
involving the US and EU and 118 other countries
that aim to reduce anthropogenic methane emis- NorthAmOil: Targa to buy Lucid in $3.6bn
sions by at least 30% by 2030 from 2020 levels. Permian acquisition
Targa Resources said on June 16 that it had struck
FSU OGM: Novatek downplays concerns a deal to buy Lucid Energy from Riverstone
over Arctic LNG-2 launch delays Holdings and Goldman Sachs Asset Manage-
Novatek CEO Leonid Mikhelson sought to ment for $3.55bn in cash. The transaction marks
downplay concerns about delays at the com- the largest midstream acquisition and divestiture
pany’s Arctic LNG-2 project at the St Peters- (A&D) deal in the Permian Basin since 2019,
burg International Economic Forum last week, noted the energy analytics firm Enverus. ™

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Week 25 22•June•2022 www. NEWSBASE .com P19