Page 17 - LatAmOil Week 10 2023

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global will entail a $2.4bn investment in the UK and a
(NRG), in which the reader is invited to join $1.2bn investment in India.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Ukraine’s Naftogaz reports
regional beats. We hope you will like NRG’s new $1bn loss for 2022
concise format, but by clicking on the headline According to the chairman of Naftogaz, Oleksiy
link for each section the full text will be available Chernyshov, the company has recorded a pre-
as before. liminary net loss of around UAH40bn ($1.1bn)
for the year 2022, Interfax Ukraine reported on
AfrOil: Saipem CEO sees Mozambique March 2. During a Forbes Business Breakfast
LNG resuming work in July 2023 stream, Chernyshov revealed that the company’s
Alessandro Puliti, the CEO of the Italian oil- lack of profit was mostly due to the accumulation
field services provider Saipem, says work on of significant receivables after the state used Naf-
the Mozambique LNG project, led by France’s togaz’s working capital to meet the energy supply
TotalEnergies, will resume this summer. “We needs of consumers.
expect to gradually restart the project, according
to the information received by our clients, start- GLNG: Germany targets fourth-highest
ing from July this year,” Puliti told analysts dur- global LNG import capacity by 2030
ing Saipem’s 2022 earnings call on February 28. Germany is planning to push its LNG import
capacity up to more than 70mn tonnes per year
AsianOil: New Indian LNG terminal to (tpy) by the end of the decade, Argus Media
start operations before summer reports, citing documents from the German eco-
A long-overdue LNG import terminal in India nomic ministry (BMWK) and planning appli-
is now expected to begin operating by the sum- cations from the German multinational energy
mer. The tentative start dates mentioned for the utility RWE.
plant are in mid-June, although as with much in
Indian LNG and power infrastructure in general, MEOG: Abraj signs PNZ deal
this remains uncertain. Oman’s state-owned Abraj Energy Services
has signed a five-year deal to provide drilling
DMEA: Luberef signs Yanbu expansion and extraction services in the Partitioned Neu-
deal with Petrojet tral Zone (PNZ) shared between Kuwait and
Saudi Aramco Base Oil Co. (Luberef) has signed Saudi Arabia. The agreement, which covers the
an engineering, procurement and construction onshore Wafra oilfield, was signed between
(EPC) contract with Egypt’s Petrojet for the Abraj, Kuwait Gulf Oil Co. (KGOC) and Saudi
expansion of its Yanbu facility. The EPC deal Arabian Chevron (SAC), which respectively rep-
is part of the Growth II project, which aims to resent Kuwait Oil Co. (KOC) and Saudi Aramco
expand the Yanbu facility’s base oil production in the Wafra Joint Operations (WJO) area.
capacity to 1.3mn tonnes per year (tpy) by 2025,
allowing it to produce more Group II and Group NorthAmOil: Low US gas prices upend
III base oils to meet growing market demand. acquisitions, drillers scale back rigs
The US may have seen a sudden uptick in gas
EurOil: Essar unveils energy transition prices since the third week of February, when
investment plans Henry Hub gas prices had plummeted around
India’s Essar Group has created a new division to 78% since August 2022. But despite the sharp
focus on the energy transition, with projects in uptick, the six-month decrease in price has sty-
the UK set to play a leading role. The programme mied deal-makers. ™

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Week 10 08•March•2023 www. NEWSBASE .com P17