Page 19 - EurOil Week 14 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Commission is looking to achieve the reduc-
(NRG), in which the reader is invited to join tion in Russian imports by expanding LNG
our team of international editors, who provide a supply by 50bn cubic metres, increasing
snapshot of some of the key issues affecting their deliveries from other pipeline suppliers by
regional beats. We hope you will like NRG's new 10 bcm and ramping up biomethane produc-
concise format, but by clicking on the headline tion by 3.5 bcm.
link for each section the full text will be available
as before. GLNG: Two Mexican LNG Projects Make
Advances
AfrOil: Libyan Oil Production Sinks By Two Mexican LNG projects have taken steps
330,000 Bpd forward over the past week.
Libya’s oil production has reportedly sunk On March 31, it was announced that
by about 330,000 barrels per day (bpd) fol- TotalEnergies had signed a memorandum of
lowing the shutdown of two major sites: understanding (MoU) with Sempra Infra-
Sharara, the country’s biggest oilfield, and El structure, a subsidiary of US-based Sempra,
Feel. Sharara usually yields around 270,000- on the purchase of a share of future produc-
300,000 bpd of oil, while El Feel produces tion from the planned Vista Pacífico LNG
up to 70,000 bpd but may have been oper- plant.
ating below full capacity when production
stopped on March 3. LatAmOil: ExxonMobil Makes FID On Yel-
lowtail
AsianOil: Santos’ Dorado Moves A Step ExxonMobil (US) has made a final invest-
Closer To FID ment decision (FID) on Yellowtail, its
The Dorado project, which is being devel- fourth development project at the Stabroek
oped by Santos and Carnarvon Energy off- block offshore Guyana.
shore Western Australia, has taken what has In a statement dated April 4, the
been described as a significant step towards US-based super-major said it had opted to
a final investment decision (FID). move forward with the project after secur-
Australian Minister for Resources and ing all necessary government and regula-
Water Keith Pitt said on April 5 that Santos tory approvals for work at Yellowtail.
and Carnarvon had accepted a production
licence covering Dorado, which is located MEOG: Iraq’s Revenue Boost
in the offshore Bedout sub-basin. This week’s MEOG includes coverage of
Iraq’s 50-year high in oil revenues and steps
DMEA: Dangote Launch Date Optimism to take control over the Kurdish oil and gas
This week, DMEA looks at increased con- sector.
fidence that Nigeria can launch its flagship As OPEC’s second-largest producer, Iraq
refining project this year, while an Aramco stands to benefit more than most from the
affiliate moves towards IPO. group’s alliance with Russia and other pro-
Nigeria’s Dangote Group this week reit- ducing nations that has seen oil prices surge
erated its intention to begin operations at as geopolitical concerns collide with supply/
its greenfield, 650,000 barrel per day (bpd) demand dynamics.
refinery at Lekki outside Lagos.
NorthAmOil: Ascent Reportedly Preparing
FSUOGM: EU Plans To Phase Out Russian For IPO
Gas Quickly Will Be “Extremely Challeng- US shale driller Ascent Resources is said to be
ing” preparing for an initial public offering (IPO)
The EU’s plan to cut Russian gas purchases in which it hopes to be given a market valu- See the archive and
by two thirds by the end of this year will be ation of around $6bn. The move, reported by sign up to receive
“extremely challenging” to achieve, even Reuters, which cited sources familiar with the *NRG Editor’s Picks*
if the issue of contractual obligations is matter, comes around a week after a separate for free by email each
ignored, the Oxford Institute for Energy report from Bloomberg said Ascent has dis- week here
Studies (OIES) has said in a report. cussed a potential merger with fellow shale gas
Under its REPowerEU plan, the European producer Gulfport Energy.

Week 14 07•April•2022 www. NEWSBASE .com P19