Page 15 - NorthAmOil Week 14 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global said in a report. Under its REPowerEU plan, the
(NRG), in which the reader is invited to join European Commission is looking to achieve the
our team of international editors, who provide a reduction in Russian imports by expanding LNG
snapshot of some of the key issues affecting their supply by 50bn cubic metres, increasing deliver-
regional beats. We hope you will like NRG’s new ies from other pipeline suppliers by 10 bcm and
concise format, but by clicking on the headline link ramping up biomethane production by 3.5 bcm.
for each section the full text will be available as
before. GLNG: Two Mexican LNG projects make
advances
AfrOil: NLNG urged to open pipelines to Two Mexican LNG projects have taken steps
gas from other suppliers forward over the past week. On March 31, it
Nigeria’s Minister of State for Petroleum was announced that TotalEnergies had signed
Resources Timipre Sylva has asked shareholders a memorandum of understanding with Sempra
in Nigeria LNG (NLNG) to let other natural gas Infrastructure, a subsidiary of US-based Sempra,
producers access their pipelines so that addi- on the purchase of a share of future production
tional feedstock can be delivered to the consor- from the planned Vista Pacífico LNG plant. Then,
tium’s plant on Bonny Island. on April 1, China’s Guangzhou Development
Group (GDG) said it had signed a long-term
AsianOil: Santos’ Dorado moves a step supply agreement for LNG from an export ter-
closer to FID minal that Houston-based MPL intends to build
The Dorado project, which is being developed at Puerto Libertad in Mexico’s Sonora State.
by Santos and Carnarvon Energy offshore West-
ern Australia, has taken what has been described LatAmOil: ExxonMobil makes FID on Yel-
as a significant step towards a final investment lowtail
decision. Australian Minister for Resources and ExxonMobil (US) has made a final investment
Water Keith Pitt said on April 5 that Santos and decision on Yellowtail, its fourth development
Carnarvon had accepted a production licence project at the Stabroek block offshore Guyana.
covering Dorado, which is located in the offshore In a statement dated April 4, the US-based
Bedout sub-basin. super-major said it had opted to move forward
with the project after securing all necessary gov-
DMEA: Dangote launch date optimism ernment and regulatory approvals for work at
This week, DMEA looks at increased confidence Yellowtail.
that Nigeria can launch its flagship refining pro-
ject this year, while an Aramco affiliate moves MEOG: Iraq’s revenue boost
towards IPO. Nigeria’s Dangote Group this week This week’s MEOG includes coverage of Iraq’s
reiterated its intention to begin operations at its 50-year high in oil revenues and steps to take
greenfield, 650,000 barrel per day refinery at control over the Kurdish oil and gas sector. As
Lekki outside Lagos. Meanwhile, Saudi Aramco OPEC’s second-largest producer, Iraq stands to
Base Oil Co. (Luberef) is reported to be planning benefit more than most from the group’s alliance
to launch an initial public offering of shares on with Russia and other producing nations that has
the local Tadawul All Share Index (TASI), the seen oil prices surge as geopolitical concerns col-
Riyadh stock exchange. lide with supply/demand dynamics. Meanwhile,
the MoO has told semi-autonomous authorities
EurOil: Greece looks to revive offshore gas in the northern Kurdistan Region it intends to
exploration set up a new state oil firm to manage the Kurdish
Greece is looking to revive offshore natural gas energy sector.
exploration in order to safeguard its energy
security amid soaring prices across Europe, gov- NorthAmOil: Ascent reportedly preparing
ernment sources told Reuters on April 5. Greece for IPO
has produced small quantities of oil in the past, US shale driller Ascent Resources is said to be
including at the now-mature South Kavala and preparing for an initial public offering in which
Prions concessions. it hopes to be given a market valuation of around
$6bn. The move, reported by Reuters, which cited
FSUOGM: EU plans to phase out Russian sources familiar with the matter, comes around
gas quickly will be “extremely challenging” a week after a separate report from Bloomberg
The EU’s plan to cut Russian gas purchases said Ascent has discussed a potential merger with
by two thirds by the end of this year will be fellow shale gas producer Gulfport Energy.
“extremely challenging” to achieve, even if the
issue of contractual obligations is ignored, the See the archive and sign up to receive NRG Editor’s
Oxford Institute for Energy Studies (OIES) has Picks for free by email each week here.™

Week 14 07•April•2022 www. NEWSBASE .com P15