Page 16 - DMEA Week 05 2023

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global reorientation of imports to countries that had
(NRG), in which the reader is invited to join not introduced sanctions against Russia and by
our team of international editors, who provide a the expansion of parallel imports, the CBR said
snapshot of some of the key issues affecting their in a report.
regional beats.
By clicking on the headline link for each sec- GLNG: Third FLNG unit arrives in Germany
tion the full text will be available. Germany received the Hoegh Gannet floating
storage and regasification unit on January 20 at
AfrOil: New Namibian discovery its Brunsbuettel Elbehafen port near Hamburg.
Shell (UK) has made a new discovery in the It marks the third floating LNG terminal to
Orange basin offshore Namibia, according to a start up in recent weeks as the country contin-
report from Upstream Online. ues its shift away from Russian gas.
Three informed sources told the publication
that the multi-national had found hydrocar- LatAmOil: T&T gets Venezuela waiver
bons in Jonker-1, a well drilled at Block 2913A. Keith Rowley, the prime minister of Trinidad
and Tobago, revealed that US authorities have
AsianOil: Santos’ Barossa setback agreed to let his country proceed with the devel-
Australia’s Santos has suffered more delays at its opment of Dragon, a natural gas field offshore
$3.6bn Barossa gas project in the country’s north, Venezuela.
after a regulator instructed the company to assess Some sources have reported that Venezuela’s
environmental risks to underwater indigenous national oil company PdVSA will serve as oper-
cultural heritage before commencing pipeline ator of the project, which targets a section of the
construction. maritime boundary line between Trinidad and
Australia’s offshore regulator announced the Tobago and Venezuela.
requirement on January 13. It follows a court
order made in December, which stated that San- MEOG: OQ’s plans for Abraj IPO
tos must consult indigenous people on the Tiwi Omani state oil firm OQ this week disclosed its
Lands regarding the environmental impact of plans to sell up to 49% of its Abraj Energy Ser-
the project’s drilling plan. vices drilling arm in an initial public offering on
the Muscat Securities Market (MSX).
EurOil: Europe’s gas withdrawals Documents posted on the Abraj website
European gas consumers sharply increased gas said that the subscription period would begin
withdrawals from storage facilities at the end of in February ahead of a March listing, with
January, more than tripling them versus the level Bloomberg reporting in September that such a
in the first half of the month, according to data move could raise up to $500mn.
published by Gas Infrastructure Europe (GIE).
In the January 19-25 period, average gas NorthAmOil: Hess to focus on Bakken
withdrawals in the EU reached 693mn cubic Hess Corp. will focus more than 80% of a $3.7bn
metres per year, according to GIE. capital and exploratory budget in 2023 on a four-
rig drilling programme in the Bakken shale, and
FSUOGM: Russia finds a way also on development in Guyana.
The value of imports into Russia in the fourth Net production in the Bakken, in North
quarter of 2022 decreased at a slower pace year Dakota, is forecast to average 165,000-170,000
on year, the Central Bank of Russia reported on barrels of oil equivalent per day, said the New
January 26. York-based exploration and production
The positive change was driven by the company.™

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