Page 13 - AsianOil Week 34 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Russian government previously accused
(NRG), in which the reader is invited to join the project’s foreign partners of violating
our team of international editors, who provide a their shareholder obligations.
snapshot of some of the key issues affecting their Operated by Gazprom, the Sakhalin-2
regional beats. We hope you will like NRG's new LNG and oil project also involves Shell,
concise format, but by clicking on the headline which announced earlier this year it would
link for each section the full text will be available withdraw from Russia in response to Mos-
as before. cow’s invasion of Ukraine.
AfrOil: NNPC Ltd Signs Renegotiated PSCs GLNG: Peru LNG Resumes Exports After
For Five Deepwater Blocks July Shutdown
Nigerian National Petroleum Co. Ltd (NNPC Peru LNG, the operator of a natural gas
Ltd) has completed the process of negoti- liquefaction plant and export terminal in
ating new production-sharing contracts Pampa Melchorita, resumed exports in
(PSCs) for five deepwater blocks in a move the first two weeks of August following a
that is expected to unlock more than $500bn planned shutdown in July.
in revenue for the West African country. According to data from Peru’s national
oil company (NOC) Perupetro, the Peru
DMEA: Israel Sees Egypt’s LNG Capacity As LNG consortium resumed loadings after
Reason For Continued Co-Operation completing its maintenance programme
Israel will continue to work with Egypt to and has loaded two cargoes since the begin-
boost natural gas exports to Europe, as the ning of August.
latter country is its best option for producing
LNG, Energy Minister Karine Elharrar told LatAmOil: ExxonMobil May Use Tie-Backs
Israel Hayom in an interview published on To Expand Production At Stabroek
August 12. Mike Ryan, production manager at Exx-
Elharrar explained that Israel’s caretaker onMobil Guyana, says his company is
government, led by the Yesh Atid party, had seriously considering proposals for using
been willing to join with Brussels and Cairo subsea tie-backs to link new oil finds at the
in mid-June in signing a tripartite memoran- Stabroek block to existing infrastructure in
dum of understanding (MoU) on expanding order to improve production operations.
gas supplies to Europe because of the access
that Israel had already gained to Egypt’s LNG MEOG: ADNOC Affiliates Win More Work
plants. Abu Dhabi National Oil Co.’s (ADNOC)
Logistics & Services arm was this week
EurOil: Gazprom Warns Of Three-Day Nord awarded a $1.17bn deal to provide barges
Stream Shutdown to support the parent firm’s upstream
Russia plans to close down the Nord expansion. The award will see ADNOC
Stream gas pipeline for three days between L&S lease 13 self-propelled jack-up
August 31 and September 2, in a move that barges to ADNOC for a period of five
will put further strain on the European gas years, enabling rig-less operations and
market. maintenance, alongside “manpower and
The only working compressor unit at equipment”.
the Portovaya compressor station on the
Baltic Sea shore that handles Nord Stream’s NorthAmOil: Santos Sanctions Pikka Pro-
gas flow will be closed so that joint main- ject In Alaska
tenance can be carried out by specialists Australia’s Santos announced this week
from Gazprom and Germany’s Siemens, that it had taken a final investment deci-
the unit’s manufacturer. sion (FID) on Phase 1 of the Pikka oil pro-
ject on Alaska’s North Slope. The company See the archive and
FSUOGM: Russia Sets Up New Entity To has pegged total capital expenditure on sign up to receive
Manage Sakhalin-2 the project at $2.6bn, with Santos’ share *NRG Editor’s Picks*
The Russian state-owned entity has accounting for $1.3bn as a 51% shareholder for free by email each
assumed full control over the Sakhalin-2 in Pikka. The remaining stake in the project week here
LNG terminal in the Far East, after the is held by Spain’s Repsol.

Week 34 29•August•2022 www. NEWSBASE .com P13