Page 15 - FSUOGM Week 07 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global security advisor Jake Sullivan warned late on
(NRG), in which the reader is invited to join February 11 that Russia could launch a mili-
our team of international editors, who provide a tary incursion “any day now” – possibly even
snapshot of some of the key issues affecting their before the Winter Olympics in Beijing end.
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: China Seeks Greater Global LNG
link for each section the full text will be available Trading Role
as before. China is reportedly working to establish itself
as a major player in global LNG trading. The
AfrOil: TotalEnergies CEO Qualifies State- move comes around 20 years after the country
ments On Mozambique LNG Restart made a similar push into oil trading.
Patrick Pouyanné, the CEO of TotalEner- Chinese firms are set to benefit from liber-
gies (France), has qualified his recent state- alisation at home and recently signed contracts
ments about the possibility that work on with LNG suppliers overseas, notably US pro-
the Mozambique LNG project may resume ducers of the super-chilled fuel, according to
before the end of this year. Reuters.
Speaking with analysts during a quarterly
earnings call on February 10, Pouyanné LatAmOil: ExxonMobil Brings Second Oil-
stressed that security conditions would field On Stream Offshore Guyana
determine when work on Mozambique LNG, ExxonMobil (US) and its partners launched
which was suspended late last March, might commercial operations at the Liza-2 oilfield
resume. offshore Guyana on February 11, marking
the start of their second development pro-
AsianOil: ConocoPhillips Sarawak Con- ject at the Stabroek block.
tracts Jack-Up Rig For Malaysian Drilling The US super-major issued a statement
Campaign announcing first oil at Liza-2, saying that
Units of US independent ConocoPhillips the Liza Unity floating production, storage
have contracted Icon Offshore to provide and off-loading (FPSO) unit had come on
a jack-up rig for a multi-well drilling cam- stream.
paign offshore Malaysia that is due to start
in the second quarter of this year. MEOG: PIF Picks Up Aramco Shares
According to a February 11 filing, Icon’s In this week’s MEOG, we look at the trans-
I Oilfield Services subsidiary was issued fer of shares in Saudi Aramco and an output
a letter of award by two units collectively uptick in south-western Iran.
known as ConocoPhillips Sarawak on Crown Prince Mohammed bin Salman
December 23, 2021. this week transferred 4% of Aramco’s shares
to the Kingdom’s sovereign wealth fund, the
DMEA: Karbala Progresses, Sapref Shuts Public Investment Fund (PIF).
In this week’s DMEA, we look at the con-
trasting fortunes of refineries in Iraq and NorthAmOil: Alberta Reportedly Planning
South Africa. To Toughen Oil Sands Emissions Standards
Iraq’s Karbala refinery is set to begin The provincial government of Alberta is
commissioning on schedule in September reportedly planning to toughen its greenhouse
before ramping up to full capacity in 2023, gas (GHG) emissions standards for oil sands See the archive and
according to the facility’s director. mines. The move would close a loophole that sign up to receive
allowed some of the highest-emissions facili- *NRG Editor’s Picks*
Euroil: European gas prices bullish amid ties to claim millions of dollars’ worth of trade- for free by email each
invasion warnings able credits. week here
TTF gas prices were bullish in early trading Alberta is in the process of updating indus-
this week, after the White House warned that try benchmarks that set emissions reduction
a Russian invasion of Ukraine could occur requirements for mines and upgraders. The
within days. province has already increased the stringency
The Biden administration’s national of facility-based benchmarks.

Week 07 16•February•2022 www. NEWSBASE .com P15