Page 19 - DMEA Week 12 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global on Ukraine on February 24, Russia is back in
(NRG), in which the reader is invited to join that place.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Germany turns to Qatar
regional beats. Germany is turning to Qatar for LNG as it pivots
We hope you enjoy NRG’s new concise for- away from Russian natural gas in the wake of the
mat, but by clicking on the headline link for each war in Ukraine.
section the full text will be available as before. Following a visit to Qatar over the weekend
of March 19-20, German Minister of Economy
AfrOil: Uganda hopes for refinery FID in ‘23 Robert Habeck described a deal between the two
Uganda’s Energy Minister Ruth Nankabirwa says countries as a “door opener”.
that the Albertine Graben Refinery Consortium
(AGRC) is on track to make a final investment LatAmOil: Emissions influence in Ecuador
decision next year on the construction of a plant Ecuador’s Energy Minister Juan Carlos Bermeo
that will process crude oil from fields near Lake has said that Quito may take carbon emissions
Albert. reduction goals into account when selecting the
At the weekend, Nankabirwa stated that dis- winners of upcoming tenders for six onshore oil
cussions among members of the consortium blocks.
were moving forward. More specifically, Bermeo said, Ecuador may
give extra consideration to offers from investors
AsianOil: BP, Petronas win Indonesia blocks that offer access to technologies that help shrink
Super-major BP and Malaysia’s Petronas both the country’s carbon footprint.
announced on March 18 that they had been
awarded deepwater exploration blocks as part MEOG: PNZ partners agree Dorra deal
of the second round of Indonesia’s 2021 Oil and MEOG this week covers an agreement to
Gas Working Area (WK) Bid Round. develop a shared gas field in the shared Parti-
BP has been awarded the Agung I and Agung tioned Neutral Zone.
II blocks, while Petronas won rights to the North The governments of Kuwait and Saudi Arabia
Ketapang block. this week agreed a deal for the belated develop-
ment of the offshore Dorra gas field.
EurOil: Shell reconsiders Cambo move Meanwhile, Iraq’s ambitious plans to increase
Shell is reportedly reconsidering its withdrawal oil production capacity from 5mn bpd to 8mn
from the giant Cambo oilfield west of the UK bpd by 2027 are under threat amid concerns
Shetland Islands, in light of soaring oil and gas about the Iraqi National Oil Co. (INOC), which
prices in recent months triggered by Russia’s war was reconstituted last year.
in Ukraine.
The UK major announced in early Decem- NorthAmOil: Govt to resume federal leasing
ber it was leaving the Siccar Point-operated pro- The administration of US President Joe Biden
ject because its economic case “was not strong will resume oil and gas leasing on federal land
enough” and there was a risk of delays. following a court decision temporarily rein-
stating a measure that puts a higher price on
FSUOGM: Russian oil becomes toxic the greenhouse gas emissions associated with
In the midst of the 1998 financial crisis Adam projects.
Elstein, the managing director of Bankers Trust’s The development marks the latest twist in
Moscow office, famously told the Financial a saga that has been ongoing since Biden took
Times’ John Thornhill that he would rather “eat office and attempted to review and overhaul the
toxic nuclear waste” than buy Russian assets. federal oil and gas leasing system, with climate
Following President Vladimir Putin’s attack change concerns in mind.™

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