Page 17 - MEOG Week 11 2023

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global installed off the northern coast of Greece near the
(NRG), in which the reader is invited to join port city of Alexandroupolis, where construction
our team of international editors, who provide a work on an LNG terminal is underway.
snapshot of some of the key issues affecting their
regional beats. By clicking on the headline link for FSUOGM: East Siberian LNG unveiled
each section the full text will be available. Gazprom plans to develop a $3bn mid-sized
LNG export terminal in Eastern Siberia, as Rus-
AfrOil: Shell strikes oil offshore Namibia sia scrambles to expand its liquefaction capacity
Shell has reportedly struck oil for the third time following the loss of most of its European gas
at the PEL 39 deepwater licence area in the market share.
Orange basin offshore Namibia, as its partners The state-owned gas exporter’s subsidiary
in the project revealed on March 6 that a discov- Gazprom Nedra last week signed a co-operation
ery had been made in the Jonker-1X exploration agreement with the administration of the Krasno-
well. yarsk region on developing several gas blocks to
The company announced its first find at the underpin the LNG project.
Graff field in early 2022, and now its partners
QatarEnergy and National Petroleum Corp. of GLNG: Australian LNG exports drop
Namibia (NAMCOR) are reporting positive Australia marked a banner year for liquefied
results from the Jonker field. natural gas (LNG) exports in 2022 as the coun-
try was the global leader shipping 10.7bn cubic
AsianOil: MP moots Petronas IPO feet (303mn cubic metres) per day of the super-
An MP from Subang has recently proposed the chilled fuel, nipping the US which exported 10.6
idea of a Petronas initial public offering (IPO), bcf (300 mcm) per day and Qatar, which sent
which could potentially raise a significant 10.5 bcf (297 mcm) per day abroad last year.
amount of capital to pay down government debt It set a new record for exports for Australia as
and invest in business expansion. LNG facilities operated at 92% of the nameplate
Specifically, the MP, Wong Chen, suggested capacity of 88.6mn tonnes per year.
that the IPO could raise up to MYR300bn
($67.64bn), with a 20% stake in the company sold LatAmOil: APA confident on Suriname
to raise the funds. John Christmann, the president and CEO of
US-based APA Corp., has expressed confidence
DMEA: Modular expansion complete in the hydrocarbon potential of Block 58 off-
Nigeria’s ND Refineries Ltd reported this week shore Suriname, despite uncertainty over when
that it has completed mechanical construction the block’s operator TotalEnergies (France)
of a fourth train at its Ogbele modular refinery, might make a final investment decision (FID).
raising production capacity to 14,000 barrels per According to Christmann, Block 58’s reserves
day (bpd). are substantial, and Sapakara – the site of the lat-
It said the new unit would be dedicated to the est appraisal well, Sapakara South-2 – is likely to
production of petrol for the domestic market. underpin a future development project.
Local media reported that the facility would be
inaugurated and brought into operation before NorthAmOil: CNRL reports record profit
the end of this year. Canadian Natural Resources Ltd (CNRL) has
reported record full-year profits for 2022 despite
EurOil: Conversion of Alexandroupolis FSRU oil prices that decreased towards the end of the
Greece’s GasLog has delivered a vessel to the year from a 14-year-high.
Keppel shipyard in Singapore for its conversion CNRL, Canada’s largest oil and gas producer,
into a floating storage and regasification unit also faced extreme winter weather in December
(FSRU). that disrupted its production in the oil sands.™
When ready later this year, the vessel will be

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