Page 20 - AfrOil Week 12 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Times’ John Thornhill that he would rather “eat
(NRG), in which the reader is invited to join our toxic nuclear waste” than buy Russian assets.
team of international editors, as they provide a Following President Vladimir Putin’s February
snapshot of some of the key issues affecting their 24 attack on Ukraine, Russia is back in that place.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Germany targets Qatari LNG
link for each section the full text will be available Germany is turning to Qatar for LNG as it pivots
as before. away from Russian natural gas in the wake of the
war in Ukraine. Following a visit to Qatar over
AsianOil: BP, Petronas win offshore blocks the weekend of March 19-20, German Minister
in Indonesian auction of Economy Robert Habeck described a deal
Super-major BP and Malaysia’s Petronas both between the two countries as a “door opener.”
announced on March 18 that they had been
awarded deepwater exploration blocks as part LatAmOil: Emissions reduction may be a
of the second round of Indonesia’s 2021 Oil and factor in Ecuador’s Intracampos 2 tenders
Gas Working Area (WK) Bid Round. BP won the Ecuador’s Energy Minister Juan Carlos Bermeo
Agung I and Agung II blocks, while Petronas has has said that Quito may take carbon emissions
rights to the North Ketapang block. reduction goals into account when selecting the
winners of upcoming tenders for six onshore oil
DMEA: Angola refinery work set to start blocks. More specifically, Bermeo said, Ecua-
Work on a greenfield refinery in north-western dor may give extra consideration to offers from
Angola is expected to begin late next month, investors that offer access to technologies that
with equipment set to begin arriving at the help shrink the country’s carbon footprint.
location of a similar facility two months later,
according to a representative of the national oil MEOG: PNZ partners agree Dorra deal
company Sonangol. Meanwhile, the day Saudi The governments of Kuwait and Saudi Arabia
Aramco announced its 2021 full-year results, this week agreed a deal for the belated develop-
its facilities came under attack once again from ment of the offshore Dorra gas field. Meanwhile,
missiles and drones launched by Yemen’s Iran- Iraq’s ambitious plans to increase oil production
aligned Houthi militia. capacity from 5mn barrels per day (bpd) to 8mn
bpd by 2027 are under threat amid concerns
EurOil: Shell reconsiders Cambo exit about the Iraqi National Oil Co. (INOC), which
following oil price spike was reconstituted last year.
Shell is reportedly reconsidering its withdrawal
from the giant Cambo oilfield west of the UK NorthAmOil: Biden administration to
Shetland Islands, in light of soaring oil and gas resume federal oil and gas leasing
prices in recent months triggered by Russia’s war The administration of US President Joe Biden
in Ukraine. The UK major announced in early will resume oil and gas leasing on federal land
December it was leaving the Siccar Point-oper- following a court decision temporarily reinstat-
ated project because its economic case “was not ing a measure that puts a higher price on the
strong enough” and there was a risk of delays. greenhouse gas emissions associated with pro-
jects. The development marks the latest twist in
FSU OGM: Russian oil becomes “toxic” a saga that has been ongoing since Biden took
In the midst of the 1998 financial crisis Adam office and attempted to review and overhaul the
Elstein, the managing director of Bankers Trust’s federal oil and gas leasing system, with climate
Moscow office, famously told the Financial change concerns in mind. ™

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P20 www. NEWSBASE .com Week 12 23•March•2022