Page 16 - NorthAmOil Week 11 2023

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global scrambles to expand its liquefaction capacity fol-
(NRG), in which the reader is invited to join lowing the loss of most of its European gas market
our team of international editors, who provide a share. The state-owned gas exporter’s subsidiary
snapshot of some of the key issues affecting their Gazprom Nedra last week signed a co-operation
regional beats. We hope you will like NRG’s new agreement with the administration of the Krasno-
concise format, but by clicking on the headline link yarsk region on developing several gas blocks to
for each section the full text will be available as underpin the LNG project.
before.
GLNG: Australian LNG terminals export
AfrOil: Shell strikes oil at Jonker-1X well less in February as fears grow over short-
offshore Namibia term market intervention
Shell (UK) has reportedly struck oil for the third Australia marked a banner year for LNG exports
time at the PEL 39 deepwater licence area in the in 2022 as the country was the global leader ship-
Orange basin offshore Namibia, as its partners ping 10.7bn cubic feet (303mn cubic metres)
in the project revealed on March 6 that a discov- per day of the super-chilled fuel, nipping the US
ery had been made in the Jonker-1X exploration which exported 10.6 bcf (300 mcm) per day and
well. The company announced its first find at the Qatar, which sent 10.5 bcf (297 mcm) per day
Graff field in early 2022, and now its partners abroad last year. It set a new record for exports
QatarEnergy and National Petroleum Corp. of for Australia as LNG facilities operated at 92%
Namibia (NAMCOR) are reporting positive of the nameplate capacity of 88.6mn tonnes per
results from the Jonker field. year.

AsianOil: Malaysian MP moots Petronas LatAmOil: APA confident in potential of
IPO Block 58 offshore Suriname
An MP from Subang has recently proposed the John Christmann, the president and CEO of
idea of a Petronas initial public offering (IPO), US-based APA Corp., has expressed confidence
which could potentially raise a significant in the hydrocarbon potential of Block 58 off-
amount of capital to pay down government debt shore Suriname, despite uncertainty over when
and invest in business expansion. Specifically, the block’s operator TotalEnergies (France)
the MP, Wong Chen, suggested that the IPO might make a final investment decision (FID).
could raise up to MYR300bn ($67.64bn), with a According to Christmann, Block 58’s reserves
20% stake in the company sold to raise the funds. are substantial, and Sapakara – the site of the lat-
est appraisal well, Sapakara South-2 – is likely to
DMEA: Modular refinery expansion com- underpin a future development project.
plete
Nigeria’s ND Refineries Ltd reported this week MEOG: TotalEnergies expands UAE portfo-
that it has completed mechanical construction lio
of a fourth train at its Ogbele modular refinery, TotalEnergies has agreed to purchase the
raising production capacity to 14,000 barrels per upstream assets of Spanish firm CEPSA in the
day (bpd). It said the new unit would be dedi- UAE, while adding a stake in a Japanese-led
cated to the production of petrol for the domes- joint venture (JV) that operates other offshore
tic market. Local media reported that the facility assets. The assets to be acquired include a 20%
would be inaugurated and brought into opera- participating interest in the Satah Al Razboot
tion before the end of this year. (SARB), Umm al-Lulu, Bin Nasher and Al Bateel
(SARB and Umm al-Lulu) offshore concession,
EurOil: Conversion work begins in Singa- and a 12.88% indirect interest in the Mubarraz
pore for Alexandroupolis FSRU concession.
Greece’s GasLog has delivered a vessel to the
Keppel shipyard in Singapore for its conver- NorthAmOil: Canadian Natural Resources
sion into a floating storage and regasification reports record profits for 2022
unit (FSRU). When ready later this year, the Canadian Natural Resources Ltd (CNRL) has
vessel will be installed off the northern coast of reported record full-year profits for 2022 despite
Greece near the port city of Alexandroupolis, oil prices that decreased towards the end of
where construction work on an LNG terminal the year from a 14-year-high. CNRL, Canada’s
is underway. largest oil and gas producer, also faced extreme
winter weather in December that disrupted its
FSUOGM: Gazprom unveils $3bn East Si- production in the oil sands.
berian LNG project
Gazprom plans to develop a $3bn mid-sized See the archive and sign up to receive NRG Editor’s
LNG export terminal in Eastern Siberia, as Russia Picks for free by email each week here.™

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