Page 19 - LatAmOil Week 08 2023

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Sikela said on Twitter. Until recently, Czechia
(NRG), in which the reader is invited to join has been one of the countries in the EU most
our team of international editors, who provide a dependent on Russian energy.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: Azerbaijan targets further
concise format, but by clicking on the headline growth in gas exports in 2023
link for each section the full text will be available Russia’s Lukoil has signed several deals with
as before. Kazakhstan’s state-owned KazMunayGas
(KMG) on developing the Kalamkas-Sea,
AfrOil: Galp to sell Angolan upstream Khazar and Auezov blocks in the Kazakh por-
assets to Somoil for $830mn tion of the Caspian Sea. The agreements set out
Portugal’s Galp has arranged to sell its upstream the rights and obligations that Lukoil would have
assets in Angola to Sociedade Petrolífera Ango- as a subsoil user at the blocks working in part-
lana (Somoil), a local company, for a total con- nership with KMG.
sideration of approximately $830mn after capital
gains taxes. Galp announced the deal on Febru- GLNG: LNG demand soars in Baltics
ary 13, saying it had already signed an agreement amidst pivot away from Russian gas
with Somoil. Baltic countries are securing LNG in vast quan-
tities in a bid to take advantage of falling natura
AsianOil: Rising LNG orders in China gas prices. They are doing so as northern Euro-
mask rural shortages pean nations accelerate the diversification of
Despite much being made of China’s post- their energy supply after quitting Russian gas
COVID recovery and increased LNG orders following the invasion of Ukraine. With gas
of late, the increase in gas flows to China is also prices plummeting by over 80% since peaking
needed to help alleviate shortages in some of the in August, LNG cargoes have become increas-
country’s more rural areas. The nation’s Hebei ingly attractive compared to alternatives such as
Province, a large pocket of land surrounding fuel oil and coal.
Beijing, is a prime example.
MEOG: IDC finishes another Zubair well
DMEA: Cabinda refinery tests to begin Government-owned Iraqi Drilling Co. (IDC)
in December has completed drilling well 579 at the Zubair
The developer of Angola’s Cabinda refinery oilfield in the south-eastern part of the coun-
has said that the project is expected to be com- try. Speaking to the Iraqi News Agency (INA),
pleted by the end of the year, with test runs due an IDC spokesperson said that “technical and
to begin in mid-December. Speaking at a press engineering personnel have completed drilling
conference, Marcus Weyll, director-general of the directional oilwell Zubair 579 at a depth of
UK-based Gemcorp, said that his company is 2,472 metres.”
committed to commissioning the refinery’s first
phase during the fourth quarter of this year and NorthAmOil: Equinor receives licence
will swiftly move forward with work on the sec- for discovery off Newfoundland
ond and third phases. The Canada-Newfoundland and Labrador Off-
shore Petroleum Board (C-NLOPB) has issued
EurOil: Imports of Russian gas to a licence to Equinor for the Cappahayden K-67
Czechia dropped to zero in January discovery in the province’s waters. The board
Russian gas imports to Czechia dropped to zero estimates that it holds about 385mn barrels of
in January, Minister of Industry and Trade Jozef recoverable oil. ™

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Week 08 22•February•2023 www. NEWSBASE .com P19