Page 17 - LatAmOil Week 29 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global after drawing down the full amount to deal
(NRG), in which the reader is invited to join with the financial fallout from reduced Russian
our team of international editors, who provide a gas supply. Uniper has filed an application to
snapshot of some of the key issues affecting their increase the line with state bank KfW.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Work on Power of Siberia 2 to
link for each section the full text will be available begin in 2024, says Mongolia
as before. Mongolian Prime Minister Oyun-Erdene
Luvsannamsrai has said he expects construction
AfrOil: DRC raises number of blocks in of the Power of Siberia 2 gas pipeline to begin in
licensing round to 30 2024 and for gas flow to start in 2030. Moscow is
The Democratic Republic of Congo (DRC) scrambling to develop alternative export routes
has increased the number of blocks included for its gas, as Europe, its largest market, pushes to
in an upcoming licensing round from 16 to 30, eliminate Russian gas imports.
Minister of Hydrocarbons Didier Budimbu
announced on July 18. In a Twitter post, GLNG: Bulgaria’s Overgas signs MoU for
Budimbu said his ministry would start accept- US LNG
ing bids for 27 potentially oil-bearing blocks and Bulgaria’s Overgas, part-owned by US-based
three potentially gas-bearing blocks in Lake Kivu Linden Energy, has signed a memorandum of
on July 28-29. understanding (MoU) with a US LNG ship oper-
ator on acquiring 1bn cubic metres per year of
AsianOil: CNOOC launches self-developed natural gas from a planned regasification termi-
Christmas tree system nal in Vlora in southern Albania. The deal paves
China National Offshore Oil Corp. (CNOOC) the way for the two sides to negotiate a 10-year
has launched its first self-developed subsea sales and purchase agreement (SPA) for the gas.
Christmas tree system in the Bohai Sea, Chinese
media have reported. The state-owned com- MEOG: Iran signs $40bn Gazprom deal
pany said in a separate announcement that it National Iranian Oil Co. (NIOC) and Russia’s
was offering 13 offshore oil and gas blocks up for Gazprom this week signed a memorandum of
bidding by foreign companies in 2022. understanding (MoU) covering investment
worth around $40bn. The deal was signed by
DMEA: Additions awaited amid refining NIOC’s CEO Mohsen Khojastehmehr and Gaz-
shortfall prom’s deputy chairman Vitaly Markelov and
Saudi Arabia’s Foreign Minister has called for will include field development, product swaps
greater investment in the conversion of oil into and the completion of midstream projects,
products but said crude supplies are not in short including LNG facilities and pipelines.
supply. “As of today, we don’t see a lack of oil in
the market. There is a lack of refining capacity, NorthAmOil: Halliburton posts improved
which is also an issue, so we need to invest more results
in refining capacity,” Prince Faisal bin Farhan Al Oilfield services giant Halliburton’s has released
Saud said during a visit to Tokyo. its second-quarter results. The company, unen-
cumbered by a $344mn write-down from
EurOil: Uniper seeks $2bn boost in credit the closure of its Russian assets, posted a 41%
line increase in profit compared to the first quarter,
German energy giant Uniper is seeking an driven by higher demand for drilling on the back
increase in a €2bn ($2.04bn) state credit line, of buoyant oil prices. ™

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Week 29 21•July•2022 www. NEWSBASE .com P17