Page 16 - EurOil Week 28 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Shell Subsidiary Signs 20-Year LNG
(NRG), in which the reader is invited to join Supply Deal With MPL Plant In Mexico
our team of international editors, who provide a Shell Shell (UK) announced on July 12 that
snapshot of some of the key issues affecting their its subsidiary Shell Eastern Trading Ltd had
regional beats. We hope you will like NRG's new arranged to purchase 2.6mn tonnes per year
concise format, but by clicking on the headline (tpy) of LNG from a new gas liquefaction
link for each section the full text will be available plant slated for construction at Puerto Liber-
as before. tad in Mexico’s Sonora State.
In a statement, Shell said that its sub-
AfrOil: Shell Suspends SPDC Stake Sale sidiary had signed a sales and purchase
Shell (UK) has put plans for selling its 30% agreement (SPA) with an affiliate of the
stake in the Shell Petroleum Development future plant’s owner and operator Mexico
Corp. (SPDC) joint venture on hold pending Pacific Ltd (MPL), which is controlled by
the Nigerian Supreme Court’s resolution of a the US investment firm AVAIO Capital.
lawsuit related to an oil spill in 2018.
The company’s Nigerian arm confirmed LatAmOil: Shell Signs 20-Year LNG Supply
that the deal was on hold in a statement Deal With MPL
dated June 30. Shell (UK) announced on July 12 that its
subsidiary Shell Eastern Trading Ltd had
AsianOil: Russian Oil Exports To Asia De- arranged to purchase 2.6mn tonnes per year
cline (tpy) of LNG from a new gas liquefaction
Russia’s seaborne crude oil exports in the plant slated for construction at Puerto Lib-
seven days up to July 1 rebounded from a ertad in Mexico’s Sonora State.
slump in the previous week, Bloomberg In a statement, Shell said that its
reported on July 4, but deliveries to Asian subsidiary had signed a sales and pur-
markets are declining. chase agreement (SPA) with an affiliate
of the future plant’s owner and opera-
DMEA: OPEC Gives Refining Update tor Mexico Pacific Ltd (MPL), which is
This week’s DMEA includes coverage of controlled by the US investment firm
OPEC’s latest review of its members’ refin- AVAIO Capital.
ing capacities. The release this week of
the 2022 OPEC Annual Statistical Bul- MEOG:Gulf E&P Uptick
letin included overview data of refining This week’s MEOG includes coverage of the
capacity among member states. However, continued resurgence in Middle Eastern
rather than providing an accurate picture E&P.
of OPEC refining activity in 2021, the A Kuwait-Saudi working group focused
data offers a best-case scenario processing on the development of joint oil and gas pro-
level, once major overhaul and expansion jects met this week to discuss the accelera-
projects have been completed. tion of efforts in their Partitioned Neutral
Zone (PNZ).
FSUOGM: What If Nord Stream 1 Doesn’t
Come Back Online? NorthAmOil: US Government Releases
The Nord Stream 1 pipeline closed down 2023-2028 Offshore Drilling Plan
on July 11 for routine maintenance that was The US Department of the Interior released its
planned well in advance, and which takes new five-year offshore drilling plan on July 1,
place every summer. While under normal saying it would carry out no more than 11 new See the archive and
circumstances the 10-day closure would potential Atlantic and Pacific lease sales during sign up to receive
be no cause for alarm, European officials the 2023-2028 period. In a statement, it said no *NRG Editor’s Picks*
have raised the possibility that Moscow may more than 10 of these lease sales would cover for free by email each
keep the 55bn cubic metre per year pipeline acreage in the Gulf of Mexico, while no more week here
offline for longer, in order to further desta- than one would cover acreage in Alaska’s Cook
bilise European energy markets. Inlet.

P16 www. NEWSBASE .com Week 28 15•July•2022