Page 13 - FSUOGM Week 04 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Chambers of Commerce, the Institute of
(NRG), in which the reader is invited to join Directors, Make UK and the Federation of
our team of international editors, who provide a Small Businesses addressed a joint letter
snapshot of some of the key issues affecting their to UK Chancellor Rishi Sunak, saying that
regional beats. We hope you will like NRG's new “rocketing” energy bills for households and
concise format, but by clicking on the headline businesses would undermine the post-lock-
link for each section the full text will be available down economic recovery.
as before.
GLNG: Sempra Downsizes Cameron LNG
AfrOil: No Deadline For Sonangol IPO Yet Expansion Plan
Angola’s government is gearing up for the US-based Sempra Energy has downsized its
partial privatisation of the national oil com- plans for the expansion of its Cameron LNG
pany (NOC) Sonangol but has not yet set a export terminal in Louisiana.
target date, according to Edson Pongolola, In a filing with the US Federal Energy Reg-
the director of the firm’s planning and con- ulatory Commission (FERC) last week, the
trol department. company proposed an expansion involving
Speaking in late December, Pongolola one 6.75mn tonne per year train, down from
confirmed that Luanda was still preparing a previous expansion plan involving two trains
to unload 30% of the NOC’s equity through with a combined capacity of 10mn tpy.
an initial public offering (IPO) of stock and
might begin the process before the end of LatAmOil: Nahle Offers Reassurances On
2022, in line with previous statements. Dos Bocas Refinery
Mexican Energy Minister Rocio Nahle has
AsianOil: TotalEnergies, Chevron Announce responded indignantly to reports that the
Myanmar Withdrawal national oil company (NOC) Pemex is run-
France’s TotalEnergies and US-based Chev- ning over budget and behind schedule on
ron are withdrawing from Myanmar, citing the construction of the Dos Bocas refinery
the worsening situation in the country fol- in Tabasco State.
lowing last year’s coup. The two companies On January 22, Nahle said in a Twitter
are partners in the Yadana natural gas pro- post that the refinery project was not expe-
ject in the country. riencing any setbacks.
TotalEnergies announced its exit in a
press release on January 21, with Chevron MEOG: Faihaa Expansion Begins
confirming to Reuters the same day that it In this week’s MEOG we look at the expan-
was also withdrawing from Myanmar. sion plans for one of the forgotten oilfields
in Iraq’s south-east and a pipeline tender in
DMEA: Fuel And Pipes For Kuwait, Kenya Kuwait.
In DMEA this week, we look at Kuwait’s The operators of south-eastern Iraq’s
plans to expand its network of fuel stations Faihaa oilfield this week awarded a contract
and the next phase in Kenya’s massive infra- to two Chinese firms for the construction of
structure project. a facility to process crude oil from the asset
Downstream-focused Kuwait National as the developers move ahead with the field’s
Petroleum Co. (KNPC) is set to build 15 expansion.
new fuel stations under the second phase of
a wider plan to add a total of 100 as it seeks to NorthAmOil: Chesapeake Confirms Chief
match the country’s urban expansion. Acquisition, Announces PRB Sale
Chesapeake Energy confirmed this week that
EurOil: UK Businesses Urge Action On it was buying privately owned Chief E&D
High Energy Bills holdings for about $2.5bn in cash and stock. See the archive and
The UK’s top five business groups have urged The companies had been reported to be in sign up to receive
the government to take quick and decisive advanced talks over a potential acquisition last *NRG Editor’s Picks*
action to curb rising energy prices, warn- week. for free by email each
ing that a failure to act will result in lower Additionally, Chesapeake said it had agreed week here
investment, a rise in poverty and potential to sell its assets in Wyoming’s Powder River
spiralling inflation. Basin to Continental Resources for around
The heads of the CBI, the British $450mn in cash.

Week 04 26•January•2022 www. NEWSBASE .com P13