Page 18 - DMEA Week 12 2023

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global director-general of Gazprom Export, the com-
(NRG), in which the reader is invited to join pany said on its Telegram channel.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Qilak LNG plans for Alaska
regional beats. By clicking on the headline link for Qilak LNG has revealed it is seeking to build
each section the full text will be available. a 4mn tonne per year LNG export terminal in
Alaska’s North Slope, to be completed by the end
AfrOil: Green bidder in DRC round of the decade.
An unconventional candidate has entered the The announcement from the company’s CEO
onshore bidding round launched last July by the comes as large LNG importers in East Asia look
Democratic Republic of Congo (DRC) – EQX to wean themselves off Russian gas following its
Biome, a US-based investment firm that focuses invasion of Ukraine.
on preserving biodiversity.
The fund has reportedly submitted offers LatAmOil: Pemex exploring debt options
for all 27 of the potentially oil-bearing blocks Mexico’s national oil company Pemex is cur-
included in the licensing round. rently exploring options for repaying its heavy
load of debts that are due to mature in 2023
AsianOil: Petronas enjoys profit bump and 2024, according to the firm’s CEO, Octavio
Malaysia’s Petronas reported on March 13 a 55% Romero Oropeza.
climb in profits for the first quarter on the back of In an interview with Reuters, Romero said that
higher prices and increased sales volumes. the NOC might offer lenders guarantees backed
However, the state-owned LNG exporter by crude oil but was considering other possibili-
warned that prices would be more subdued this ties too.
year as a result of a forecasted slowdown in the
global economy. MEOG: IDC completes East Baghdad well
The Iraqi Drilling Co. (IDC) announced last
EurOil: Greensand CCS project launched week that it had completed the drilling of a well
European energy companies INEOS and Win- at the East Baghdad oilfield, to the south-east of
tershall Dea began injecting CO2 under the the capital city.
North Sea bed as part of Project Greensand on In a statement, the company said that its tech-
March 8, with European Commission President nical and engineering teams had drilled the EBS-
Ursula von der Leyen hailing the event as a mile- H-18 well to a depth of 3,509 metres, noting that it
stone in the EU’s green transition. was the first of a 27-well drilling campaign target-
Project Greensand is Europe’s first cross-bor- ing the field for its Chinese operator EBS – a local
der carbon capture and storage (CCS) initiative Iraqi subsidiary of China ZhenHua Oil Co. Ltd.
to start operations.
NorthAmOil: Willow project given OK
FSUOGM: Gazprom Export head steps down The Biden administration has approved a scaled-
Russia’s state-owned gas supplier Gazprom back version of ConocoPhillips’ $7bn Willow
announced on March 10 that Elena Burmis- project in Alaska, the US Department of Interior
trova was stepping down as head of its export said on March 13.
arm and would go on to serve as vice president But as a compromise, the administration
of Gazprombank. has at the same time put more of the US Arctic
Dmitry Khandoga, currently overseeing Gaz- off-limits to oil and gas drilling.™
prom’s international business, will become acting

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P18 www. NEWSBASE .com Week 12 23•March•2023