Page 17 - LatAmOil Week 11 2023

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Greece near the port city of Alexandroupolis,
(NRG), in which the reader is invited to join where construction work on an LNG terminal
our team of international editors, who provide a is underway.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: Gazprom unveils $3bn East
concise format, but by clicking on the headline Siberian LNG project
link for each section the full text will be available Gazprom plans to develop a $3bn mid-sized
as before. LNG export terminal in Eastern Siberia, as Rus-
sia scrambles to expand its liquefaction capacity
AfrOil: Shell strikes oil at Jonker-1X following the loss of most of its European natural
well offshore Namibia gas market share. Gazprom Nedra, a subsidiary
Shell (UK) has reportedly struck oil for the third of the state-owned gas exporter, has signed a
time at the PEL 39 deepwater licence area in the co-operation agreement with the administration
Orange basin offshore Namibia. The company of the Krasnoyarsk district on developing several
announced its first find at the Graff field in early blocks to underpin the LNG project.
2022, and now its partners QatarEnergy and
National Petroleum Corp. of Namibia (NAM- GLNG: Australian LNG terminals export
COR) revealed on March 6 that a discovery had less in February
been made in the Jonker-1X exploration well. Australia became the global leader in LNG
exports in 2022, shipping 10.7bn cubic feet
AsianOil: Malaysian MP proposes IPO (303mn cubic metres) per day of the super-
for Petronas chilled fuel, thereby surpassing the US, which
An MP from Subang has mooted the idea of exported 10.6 bcf (300 mcm) per day, and Qatar,
selling 20% of the national oil company (NOC) which sent 10.5 bcf (297 mcm) per day abroad.
Petronas via an initial public offering (IPO).
The MP suggested that the IPO could raise up MEOG: TotalEnergies expands UAE
to MYR300bn ($67.64bn) to pay down govern- portfolio
ment debt and invest in business expansion. TotalEnergies has agreed to buy the Spanish firm
CEPSA’s upstream assets in the UAE, while add-
DMEA: Expansion of Ogbele modular ing a stake in a Japanese-led joint venture that
refinery complete operates other offshore assets. The assets to be
Nigeria’s ND Refineries Ltd has completed acquired include a 20% participating interest in
mechanical construction of a fourth train at its the Satah Al Razboot (SARB), Umm al-Lulu, Bin
Ogbele modular refinery, raising production Nasher and Al Bateel (SARB and Umm al-Lulu)
capacity to 14,000 barrels per day (bpd). The new offshore concession, and a 12.88% indirect inter-
unit, which will produce gasoline for the domes- est in the Mubarraz concession.
tic market, is due to begin operating before the
end of this year. NorthAmOil: CNRL reports record
profits for 2022
EurOil: Conversion work begins for Canadian Natural Resources Ltd (CNRL) has
Alexandroupolis FSRU reported record full-year profits for 2022 despite
Greece’s GasLog has delivered a vessel to the oil prices that decreased towards the end of
Keppel shipyard in Singapore for its conver- the year from a 14-year-high. CNRL, Canada’s
sion into a floating storage and regasification largest oil and gas producer, also faced extreme
unit (FSRU). When ready later this year, the winter weather in December that disrupted its
vessel will be installed off the northern coast of production in the oil sands. ™

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