Page 19 - AfrOil Week 11 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global of the state-owned gas exporter, has signed a
(NRG), in which the reader is invited to join our co-operation agreement with the administration
team of international editors, as they provide a of the Krasnoyarsk district on developing several
snapshot of some of the key issues affecting their blocks to underpin the LNG project.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Australian LNG terminals export
link for each section the full text will be available less in February
as before. 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 LatAmOil: APA confident in potential of
to MYR300bn ($67.64bn) to pay down govern- Block 58 offshore Suriname
ment debt and invest in business expansion. John Christmann, the head of US-based APA
Corp., has voiced confidence in the hydrocar-
DMEA: Expansion of Ogbele modular bon potential of Block 58 offshore Suriname,
refinery complete despite uncertainty over when the block’s oper-
Nigeria’s ND Refineries Ltd has completed ator TotalEnergies (France) might make a final
mechanical construction of a fourth train at its investment decision (FID). According to Christ-
Ogbele modular refinery, raising production mann, Block 58’s reserves are substantial enough
capacity to 14,000 barrels per day (bpd). The new to sustain commercial development .
unit, which will produce gasoline for the domes-
tic market, is due to begin operating before the MEOG: TotalEnergies expands UAE
end of this year. portfolio
TotalEnergies has agreed to buy the Spanish firm
EurOil: Conversion work begins for CEPSA’s upstream assets in the UAE, while add-
Alexandroupolis FSRU ing a stake in a Japanese-led joint venture that
Greece’s GasLog has delivered a vessel to the operates other offshore assets. The assets to be
Keppel shipyard in Singapore for its conver- acquired include a 20% participating interest in
sion into a floating storage and regasification the Satah Al Razboot (SARB), Umm al-Lulu, Bin
unit (FSRU). When ready later this year, the Nasher and Al Bateel (SARB and Umm al-Lulu)
vessel will be installed off the northern coast of offshore concession, and a 12.88% indirect inter-
Greece near the port city of Alexandroupolis, est in the Mubarraz concession.
where construction work on an LNG terminal
is underway. NorthAmOil: CNRL announces record
profits for 2022
FSU OGM: Gazprom unveils $3bn East Canadian Natural Resources Ltd (CNRL) has
Siberian LNG project reported record full-year profits for 2022 despite
Gazprom plans to develop a $3bn mid-sized oil prices that decreased towards the end of
LNG export terminal in Eastern Siberia, as Rus- the year from a 14-year-high. CNRL, Canada’s
sia scrambles to expand its liquefaction capacity largest oil and gas producer, also faced extreme
following the loss of most of its European natural winter weather in December that disrupted its
gas market share. Gazprom Nedra, a subsidiary production in the oil sands. ™

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