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DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global of Ukraine, although it has said it will not invest
(NRG), in which the reader is invited to join in any new projects in the country.
our team of international editors, who provide a TotalEnergies has shown greater restraint in
snapshot of some of the key issues affecting their its response to events in Ukraine than its Euro-
regional beats. pean peers BP, Equinor and Shell, which have
We hope you enjoy NRG’s new concise for- all said they intend to exit Russia’s oil and gas
mat, but by clicking on the headline link for each industry altogether.
section the full text will be available as before.
GLNG: Shell, PipeChina sign terminal deal
AfrOil: Venus may be SSA’s largest oil find Subsidiaries of Shell and China Oil & Gas Pipe-
UK-based Wood Mackenzie, a prominent line Network – known as PipeChina – have
energy consultancy, has speculated that the signed a memorandum of co-operation (MoC)
Venus discovery announced last week by and two terminal use agreements.
TotalEnergies (France) at the PEL 56 licence area The terminal user agreements with Shell
offshore Namibia may be the largest oil find ever Energy (China) are for two LNG receiving facil-
made in sub-Saharan Africa. ities – Yuedong LNG and Beihai LNG – for this
In a confidential report, the consultancy said year.
that in light of results from the Venus-1x wildcat
well, it now “conservatively estimates recovera- LatAmOil: IEASA gets nod for Vaca Muerta
ble oil volumes of over 3bn barrels,” the report Argentina’s government has authorised state-
said. owned Integración Energética (IEASA) to build
a new pipeline that will serve unconventional gas
AsianOil: JERA to pursue LNG-to-power fields in the Vaca Muerta shale formation.
Japan’s JERA announced on March 1 that it had Buenos Aires gave IEASA a green light for the
kicked off full-scale operations in Vietnam. project last week, when it issued a decree grant-
The company – a 50:50 joint venture between ing the company a concession for the project.
utilities Tokyo Electric Power Co. (TEPCO) and
Chubu Electric Power – intends to pursue LNG- MEOG: Aramco makes gas finds
to-power projects through its new Vietnamese Saudi Arabia announced over the weekend that
unit. state oil firm Saudi Aramco has discovered new
gas fields in four regions of the Kingdom, boost-
Euroil: Nord Stream 2 becomes insolvent ing the size of its conventional and unconven-
The Swiss-based operator of Russia’s beleaguered tional gas reserves.
Nord Stream 2 gas pipeline project has become Meanwhile, Oman’s Ministry of Energy and
insolvent, a Swiss official told local radio on Mineral Resources (MoEM) is holding talks
March 1. with Shell and TotalEnergies regarding a poten-
The US slapped Nord Stream 2 with addi- tial deal to develop gas from the Sultanate’s
tional sanctions last week in response to Rus- Block 11 concession, expanding a December
sia’s recognition of eastern Ukraine’s breakaway agreement.
regions of Donetsk and Lugansk as independ-
ent, while German Chancellor Olaf Scholz NorthAmOil: FERC approves process shake-up
announced that his government would halt the The US Federal Energy Regulatory Commission
certification process necessary for the pipeline (FERC) has agreed to overhaul the certification
to start up. process for new natural gas pipeline projects.
The commission voted for changes that
FSUOGM: TotalEnergies bucks the trend would result in greater scrutiny of the economic
French oil major TotalEnergies has said it intends need for new projects, as well as their environ-
to stay put in Russia despite Moscow’s invasion mental and local impacts.™

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P20 www. NEWSBASE .com Week 09 03•March•2022