Page 15 - GLNG Week 34 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Gazprom and Germany’s Siemens, the unit’s
(NRG), in which the reader is invited to join manufacturer.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: Russia sets up new entity to
regional beats. We hope you will like NRG’s new manage Sakhalin-2
concise format, but by clicking on the headline link The Russian state-owned entity has assumed full
for each section the full text will be available as control over the Sakhalin-2 LNG terminal in the
before. Far East, after the Russian government previ-
ously accused the project’s foreign partners of
AfrOil: NNPC Ltd signs renegotiated PSCs violating their shareholder obligations. Operated
for five deepwater blocks by Gazprom, the Sakhalin-2 LNG and oil project
Nigerian National Petroleum Co. Ltd (NNPC also involves Shell, which announced earlier this
Ltd) has completed the process of negotiat- year it would withdraw from Russia in response
ing new production-sharing contracts for five to Moscow’s invasion of Ukraine.
deepwater blocks in a move that is expected to
unlock more than $500bn in revenue for the GLNG: Peru LNG resumes exports after
West African country. NNPC Ltd announced July shutdown
this development on August 12, saying that the Peru LNG, the operator of a natural gas lique-
renegotiated PSCs covered the offshore blocks faction plant and export terminal in Pampa
known as OML 128, OML 130, OML 132, OML Melchorita, resumed exports in the first two
133 and OML 138. weeks of August following a planned shutdown
in July. According to data from Peru’s national oil
AsianOil: Dorado delays company Perupetro, the Peru LNG consortium
Santos has postponed the $2bn development of resumed loadings after completing its mainte-
the Dorado oilfield off thecoast of Western Aus- nance programme and has loaded two cargoes
tralia, concluding that soaring costs relating to since the beginning of August.
the construction of a floating production storage
and offloading (FPSO) vessel meant that the pro- LatAmOil: ExxonMobil may use tie-backs
ject was too risky. The Australian major reported to expand production at Stabroek
in its half-year results last week that “inflationary Mike Ryan, production manager at ExxonMobil
cost environment and supply chain uncertainty Guyana, says his company is seriously consider-
[do] not support [a final investment decision] in ing proposals for using subsea tie-backs to link
2022. ” new oil finds at the Stabroek block to existing
infrastructure in order to improve production
DMEA: Israel sees Egypt’s LNG capacity as operations. Ryan was quoted by OilNOW. gy
reason for continued co-operation as saying on August 15 that ExxonMobil Guy-
Israel will continue to work with Egypt to boost ana’s priority was optimum development of its
natural gas exports to Europe, as the latter coun- resources and that tie-backs were among the
try is its best option for producing LNG, Energy options the company might pursue.
Minister Karine Elharrar told Israel Hayom in
an interview published on August 12. Elharrar MEOG: ADNOC affiliates win more work
explained that Israel’s caretaker government, led Abu Dhabi National Oil Co. ’s (ADNOC) Logis-
by the Yesh Atid party, had been willing to join tics & Services arm was this week awarded a $1.
with Brussels and Cairo in mid-June in signing 17bn deal to provide barges to support the parent
a tripartite memorandum of understanding on firm’s upstream expansion. The award will see
expanding gas supplies to Europe because of the ADNOC L&S lease 13 self-propelled jack-up
access that Israel had already gained to Egypt’s barges to ADNOC for a period of five years,
LNG plants. enabling rig-less operations and maintenance,
alongside “manpower and equipment”.
EurOil: Gazprom warns of three-day Nord
Stream shutdown NorthAmOil: Santos sanctions Pikka pro-
Russia plans to close down the Nord Stream gas ject in Alaska
pipeline for three days between August 31 and Australia’s Santos announced this week that it had
September 2, in a move that will put further strain taken a final investment decision on Phase 1 of
on the European gas market. The only working the Pikka oil project on Alaska’s North Slope. The
compressor unit at the Portovaya compressor company has pegged total capital expenditure on
station on the Baltic Sea shore that handles Nord the project at $2. 6bn, with Santos’ share account-
Stream’s gas flow will be closed so that joint main- ing for $1. 3bn as a 51% shareholder in Pikka.
tenance can be carried out by specialists from

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