Page 17 - LatAmOil Week 17 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Province in early August, helping the country
(NRG), in which the reader is invited to join and the wider region overcome dependence
our team of international editors, who provide a on Russian gas. The Netherlands became a gas
snapshot of some of the key issues affecting their importer in 2018 as a result of the continued
regional beats. We hope you will like NRG’s new phase-out of production at the giant Groningen
concise format, but by clicking on the headline field.
link for each section the full text will be available
as before. FSU OGM: Novatek warns of delay in
Arctic LNG-2 project
AfrOil: Cameroon says Western sanctions Prospects for Russia’s second-biggest LNG
on Russia have sparked fuel shortages exporter Novatek look to be in doubt, after the
Cameroon’s Energy Ministry is blaming Western company’s CEO Leonid Mikhelson warned at a
sanctions on Russia for the fuel shortages that shareholders’ meeting last week that the sched-
have broken out around the country, according ule for its upcoming Arctic LNG-2 project could
to a report from Voice of America. Ministry offi- be delayed because of sanctions. Arctic LNG-2
cials said last week that Cameroon had started has relied significantly on Western equipment,
running low on fuel earlier in April because the technology and financing.
imposition of sanctions triggered a rise in crude
prices that made imports more expensive. GLNG: France’s GTT wins LNG tank de-
sign contract from SMI
AsianOil: Petronas, Sabah sign MoU on France’s GTT has won a contract from South
nearshore FLNG development Korea’s Samsung Heavy Industries (SMI) to
Petronas and Sabah Oil & Gas Development design a tank for a new LNG Carrier (LNGC).
Corp. (SOGDC) have signed a memorandum of GTT said that the carrier would have a total LNG
understanding (MoU) on the development of a tank capacity of 180,000 cubic metres and would
nearshore floating LNG (FLNG) facility in the be fitted with the Mark III Flex membrane con-
Malaysian state of Sabah in Borneo. Under the tainment system, developed by GTT.
MoU, SOGDC will support Petronas in secur-
ing all necessary approvals, permits and other MEOG: ADES continues fleet expansion
requirements as they work to realise the project. UK-based Gulfsands Petroleum remains opti-
mistic about the potential for Syria to reinvig-
DMEA: Petchems come to the fore for orate its oil sector after 11 years of civil conflict
ADNOC and sanctions that continue to prevent the legal
ADNOC’s Abu Dhabi Chemicals Derivatives resumption of operations. Meanwhile, Iran has
Co. (TA’ZIZ) JV has formalised a shareholder announced progress on more oilfield expansion
agreement with Reliance Industries Ltd (RIL) projects as it works to increase production capa-
for the TA’ZIZ EDC & PVC project. Meanwhile, bilities across its portfolio of assets.
ADNOC and Borealis seek a valuation of $20bn
for their Borouge plastics JV in the hope of NorthAmOil: CNOOC confirms end to
receiving $2bn for a 10% stake when they launch Flemish Pass Basin exploration
an initial public offering (IPO) later this year. China National Offshore Oil Corp. (CNOOC)
has confirmed to Canadian media that it is
EurOil: Netherlands to receive floating exiting the Flemish Pass Basin project offshore
LNG plant in early August Newfoundland and Labrador. The Chinese com-
A floating LNG plant is due to arrive at Eem- pany’s exit follows an unsuccessful drilling cam-
shaven port in the Netherlands’ Groningen paign in the basin. ™

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Week 17 28•April•2022 www. NEWSBASE .com P17