Page 21 - AfrOil Week 28 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global While under normal circumstances the 10-day
(NRG), in which the reader is invited to join our closure would be no cause for alarm, European
team of international editors, as they provide a officials have raised the possibility that Moscow
snapshot of some of the key issues affecting their may keep the 55bn cubic metre per year pipeline
regional beats. We hope you will like NRG’s new offline for longer, in order to further destabilise
concise format, but by clicking on the headline European energy markets.
link for each section the full text will be available
as before. GLNG: Shell in new 20-year supply deal
Shell (UK) announced on July 12 that its subsid-
AsianOil: Japan seeks to conserve gas iary Shell Eastern Trading Ltd had arranged to
Japan is considering steps to conserve natural gas purchase 2.6mn tonnes per year of LNG from a
supplies amid fears of a potential disruption and new gas liquefaction plant that is slated for con-
may ask households and businesses to cut back struction at Puerto Libertad in Mexico’s Sonora
on gas usage when supply is tight. This comes State.
after Moscow ordered the transfer of ownership
in the Sakhalin-2 project to a newly established LatAmOil: Shell to buy LNG from MPL
Russian company, warning Japanese firms Mit- Shell (UK) said in a statement that its subsidiary
sui & Co. and Mitsubishi, which own stakes in Shell Eastern Trading Ltd had signed a sales and
the project, that they could lose their access to it. purchase agreement (SPA) with an affiliate of
Mexico Pacific Ltd (MPL), the owner and oper-
DMEA: Cabinda CDU, Nigerian biofuels ator a future 14.1mn tonne per year (tpy) LNG
Brazilian contractor Odebrecht Engenharia e plant that is controlled by the US investment
Construção (OEC) this week announced that it firm AVAIO Capital.
has installed the distillation tower at the 60,000
barrel per day refinery in Angola’s Cabinda MEOG: Turkish progress, Iranian process
exclave. Meanwhile, a delegation from the Nige- Turkish Petroleum Corp. (TPAO) this week
rian National Petroleum Corp. (NNPC) Ltd announced the discovery of a small onshore oil-
visited Kogi State this week as plans formalise field as efforts ramp up to tap its flagship offshore
around the development of a new biofuel plant. gas asset. The news follows Ankara’s unveiling of
the country’s fourth drillship and the controver-
EurOil: EU deputy warns of “conflict and sial announcement that it will begin operations
strife” this winter amid energy costs in the Eastern Mediterranean. Meanwhile, Iran
A senior EU official has warned that the bloc has announced plans to increase its slate of nat-
runs the risk of “very, very strong conflict and ural gas-based products with a view to ramping
strife” this winter over high energy costs. In the up exports.
short term, he urged the EU to expand fossil
fuel supplies to alleviate the crisis. In July 2021, NorthAmOil: Suncor CEO steps down
Brussels passed the sweeping Fit-for-55 climate following new fatality
package, aimed at rapidly reducing the use of oil, Suncor Energy’s president and CEO Mark Lit-
gas and coal and expanding the deployment of tle has stepped down following another worker
low-carbon technologies to cut emissions. fatality at a site operated by the company. The
fatality, involving a worker at Suncor’s oil sands
FSU OGM: Nord Stream 1 put on hold base plant in Alberta, was the fifth for the com-
The Nord Stream 1 pipeline closed down on July pany since Little became CEO in 2019 and the
11 for routine maintenance that was planned well 13th since 2014. This represents by far the worst
in advance, and which takes place every summer. safety record among Canadian oil producers. ™

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Week 28 13•July•2022 www. NEWSBASE .com P21