Page 12 - NorthAmOil Week 35 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global terminal in Russia’s Novorossijsk, where most
(NRG), in which the reader is invited to join Kazakh oil is loaded for world markets, due to
our team of international editors, who provide a inspections, two sources familiar with the load-
snapshot of some of the key issues affecting their ings told Reuters. “CPC suspended loadings
regional beats. We hope you will like NRG’s new from SPM-2 since August 17 due to inspec-
concise format, but by clicking on the headline link tion and SPM-1 has been offline since earlier
for each section the full text will be available as this month due to the same reason,” one of the
before. sources told the news agency. Loadings were
reportedly continuing from CPC’s SPM-3.
AfrOil: South Africa expects TotalEnergies
to submit Luiperd development plan GLNG: Japan’s Mitsubishi applies to keep
Phindile Masangane, the CEO of Petroleum its stake in Russia’s Sakhalin-2 LNG plant
Agency South Africa (PASA), has said she does Japan’s Mitsubishi has decided to apply to the
not expect TotalEnergies to let its licence for Russian government to keep its stake in the
Block 11B/12B, an offshore site that includes the Sakhalin-2 oil and gas project but still needs
Luiperd natural gas and condensate fields, lapse Kremlin approval. Russian President Vladimir
as a deadline for submitting production plans Putin signed a decree on June 30 that will trans-
approaches. In an interview with Bloomberg, fer all rights and obligations of the Sakhalin-2 oil
Masangane stated that she was “very confident” and gas project to a new Russian entity, in effect
that the French major would finish discussions giving the Kremlin the power to nationalise for-
with PetroSA, its government-owned partner, eigners’ stakes in what is one of the largest energy
and submit a production plan for Luiperd in projects in the world, and escalating the ongoing
time to prevent its licence for the block from gas wars.
expiring on September 6.
LatAmOil: APA announces find at Block 53
AsianOil: China resells LNG to Europe offshore Suriname
China is selling its surplus LNG cargoes to US-based APA Corp. has made its first discovery
Europe, providing the latter with some relief as of hydrocarbons at Block 53 offshore Suriname
European gas prices soar as a result of the sum- in the Baja-1 exploration well. In a statement, the
mer heatwaves and cutbacks in Russian gas sup- company said it had drilled in Baja-1 to a depth
ply. European LNG imports soared 60% year on of 5,290 metres and encountered 34 metres of
year in the first six months of this year, according net pay in the well, all within a single interval in
to Kpler, amounting to 53mn tonnes. the Campanian horizon.

DMEA: TotalEnergies says it will continue MEOG: Giants Brigades retake Shabwa
building Arzew petchem plant in Algeria fields
TotalEnergies (France) has said it will continue UAE-backed forces in Yemen retook control of
working to build a petrochemical plant in Alge- oilfields in the south of the country following
ria’s Arzew region, denying a report published intense fighting with groups aligned with the
earlier by African Intelligence. That source had Houthi militia, which is in turn supported by
claimed the French oil group had decided to Iran. Local media reported that the al-Amaliqa
withdraw from the project. (Giants) Brigades, alongside the Southern Tran-
sitional Council’s Shabwa Defence Forces (SDF),
EurOil: Germany looks to Canada for ener- had seized control of energy facilities in Shabwa
gy supplies Province from the Special Security Forces, a par-
Germany has identified resource-rich Can- amilitary police group.
ada as a potential partner as it phases out its
dependence on Russian gas and seeks alter- NorthAmOil: Shell, Energy Transfer sign
native sources of energy supply. On a visit to Lake Charles LNG offtake agreement
Canada this week, German Chancellor Olaf Shell and Energy Transfer have signed a 20-year
Scholz said his country hoped Canadian sales and purchase agreement for 2.1mn tonnes
LNG could help expedite its shift away from per year of LNG produced at the planned Lake
imports of Russian gas. Charles LNG project in Louisiana. The move
represents the latest in a series of binding offtake
FSUOGM: CPC suspends oil loadings from agreements signed by Energy Transfer over the
two mooring points past few months.
The Caspian Pipeline Consortium (CPC) has
suspended oil loadings from two of the three See the archive and sign up to receive NRG Editor’s
single mooring points (SPMs) at its Black Sea Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 35 01•September•2022