Page 15 - EurOil Week 08 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global social and governance (ESG) projects.
(NRG), in which the reader is invited to join Rosneft aims to be producing 6.63mn
our team of international editors, who provide a barrels of oil equivalent per day by the end of
snapshot of some of the key issues affecting their this decade, up from 4.93mn boepd last year.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Shell Warns That LNG Market Will
link for each section the full text will be available Remain Tight In 2022
as before. Shell said on February 21 it expected the global
LNG market to remain tight in 2022, after a 6%
AfrOil: TotalEnergies Said To Be Heading For climb in demand last year.
A Big Discovery Offshore Namibia In its latest LNG outlook, the super-major
Early reports indicate that TotalEnergies said that growing demand in China and South
(France) has made a major discovery at Korea drove the increase in consumption last
Venus-1x, its wildcat exploration well at the year, with China raising its imports by 12mn
PEL 56 licence area offshore Namibia. tonnes to 79mn tonnes, surpassing Japan as the
Thus far, the company has not com- world’s largest buyer.
mented on the status of the well, which is
being drilled in 3,000-metre-deep water. TotalEnergies Strikes Oil Again Offshore
Suriname
AsianOil: P’nyang Partners Sign Gas Agree- TotalEnergies (France) and its US-based
ment With PNG Government partner APA Corp. have reported a new dis-
The partners in the proposed P’nyang covery in the Krabdagu-1 exploration well
development have signed a deal with the at Block 58 offshore Suriname.
government of Papua New Guinea (PNG) In a statement dated February 21, the
over the proposed development of the field. French major said that Krabdagu-1, which
Santos said on February 22 that it had is being drilled at a site near the eastern
signed the agreement along with Exxon- edge of Block 58, had encountered about 90
Mobil – the operator of P’nyang – and JX metres of net oil pay.
Nippon Oil & Gas Exploration.
MEOG: Saudi Uptick And Iraqi Drilling
DMEA: Trans Sahara Deal Signed In MEOG this week we look at Saudi output
This week’s DMEA covers the signing of a data and more drilling by Iraq’s IDC.
tripartite deal to develop a long-awaited Data formally confirmed this week that
African gas pipeline and confirmation Saudi Arabia’s oil production increase by
from Aramco that it is considering Asian 110,000 barrels per day (bpd) during Decem-
investments. ber, in line with its OPEC+ quota.
A deal between the governments of Alge-
ria, Niger and Nigeria is seen breathing new NorthAmOil: FERC Approves Gas Pipeline
life into plans to build an ambitious gas pipe- Certification Shake-Up
line that will link sub-Saharan Africa with The US Federal Energy Regulatory Commis-
European consumer markets. sion (FERC) has agreed to overhaul the certi-
fication process for new natural gas pipeline See the archive and
FSUOGM: Rosneft Unveils 2030 Strategy projects. sign up to receive
Rosneft has announced a new 2030 strategy, The commission voted for changes that *NRG Editor’s Picks*
setting its sights on significant production would result in greater scrutiny of the eco- for free by email each
growth, a big jump in free cash flow (FCF) nomic need for new projects, as well as their week here
and an increased focus on environmental environmental and local impacts.

Week 08 23•February•2022 www. NEWSBASE .com P15