Page 14 - NorthAmOil Week 21 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSU OGM: Russian bookings generating
(NRG), in which the reader is invited to join new business for Sovcomflot
our team of international editors, who provide a Russia’s state-owned tanker operator Sovcom-
snapshot of some of the key issues affecting their flot (SCF) is still attracting plenty of business,
regional beats. We hope you will like NRG’s new with a surge of recent bookings from Russian
concise format, but by clicking on the headline link oil producers partially making up for the loss
for each section the full text will be available as of Western clients in the wake of the invasion of
before. Ukraine, according to a report from Bloomberg.
SCF, the owner of the world’s largest fleet of mid-
AfrOil: Germany, Senegal focus on pros- sized crude oil carriers, saw a large portion of
pects for gas co-operation its fleet go underutilised in the first two months
Natural gas projects were among the key items after the outbreak of war in Ukraine.
on the agenda at a meeting between German
Chancellor Olaf Scholz and Senegalese President GLNG: Regas rates at Grain LNG reach re-
Macky Sall. Scholz, who kicked off his first state cord levels as European demand soars
visit to Africa on May 22, said Germany was very The Grain LNG terminal in the UK posted record
keen on working with Senegal to develop local gas send-out levels in April, as high demand for
gas fields, produce LNG and make use of renew- gas from Europe pushed utilisation rates up, with
able energy resources. LNG tankers having arrived from eight new coun-
tries since January. The terminal saw its highest
AsianOil: Australian election spells new un- ever utilisation rate in April, sending out an aver-
certainty for oil and gas age of 431 GWh per day, higher than the previous
Australia’s federal election, held on May 21, high of 412.2 GWh in April 2021.
has resulted in a change of government fol-
lowing a victory by the Australian Labor Party LatAmOil: Bolivian gas supply cuts may
(ALP). Results were still being counted as of lead Petrobras to import more LNG
May 24 and it was unclear whether the ALP Brazil’s national oil company Petrobras has
would have an outright majority in the House of said it may need to import more LNG due to an
Representatives. unexpected cut in shipments of natural gas from
Bolivia. Petrobras noted in a statement that sup-
DMEA: Nigeria’s grand refining plans ply concerns had arisen as a consequence of the
This week, DMEA looks at Nigeria’s ambi- fact that YPFB, the Bolivian NOC, had reduced
tious plans for refining expansion amid calls the volume of gas flowing to Brazil by 30% this
for the build-out of the country’s midstream. month.
Looking to support local communities, create
jobs, shelter the country from fuel market vol- MEOG: Gas plans and oil discoveries
atility and wean itself off costly subsidies and This week, MEOG covers plans to revive a
fuel imports, the Nigerian Content Develop- project to pipe gas across the Gulf and the
ment and Monitoring Board (NCDMB) has announcement of oil discoveries in the UAE.
announced plans to increase refining capacity Iran and Oman are resurrecting a project to
to 1.4mn barrels per day by 2027 from the cur- lay an underwater pipeline to transport gas to
rent level of around 16,000 bpd. Meanwhile, Oman, according to Iran’s Oil Minister Javad
other officials have pointed to the opportuni- Owji. Meanwhile, ADNOC has announced the
ties for Nigeria in the midstream and from the discovery of 650mn barrels of oil across three
development and harnessing of its large gas oilfields in the Emirate.
reserves.
NorthAmOil: Centennial, Colgate in largest
EurOil: Schroeder steps down from Rosneft shale merger of 2022
board Centennial Resource Development and Colgate
Former German Chancellor Gerard Schroeder Energy Partners III announced on May 19 that
has resigned from the board of Russia’s state- they had agreed to combine in what the compa-
owned oil company Rosneft, days after the nies described as a merger of equals. The $7.0bn
German parliament voted to strip him of his transaction values Colgate at roughly $3.9bn and
taxpaper-funded office and staff. State-owned consists of 269.3mn shares of Centennial stock,
Rosneft announced Schroeder’s depar- $525mn in cash and the assumption of around
ture from the board on May 20. According $1.4bn of Colgate’s outstanding net debt.
to a company statement, the chairman has
informed Rosneft that he is not able to extend See the archive and sign up to receive NRG Editor’s
his term. Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 21 26•May•2022