Page 17 - EurOil Week 10 2023

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup reported on March 2.
Global (NRG), in which the reader is invited During a Forbes Business Breakfast stream,
to join our team of international editors, who he revealed that unprofitable activity was mostly
provide a snapshot of some of the key issues due to significant receivables that arose after the
affecting their regional beats. We hope you will state used Naftogaz’s working capital to meet the
like NRG's new concise format, but by clicking energy supply needs of consumers.
on the headline link for each section the full text
will be available as before. GLNG: Germany Eyes Fourth-Highest Glob-
al LNG Import Capacity By 2030
AfrOil: Saipem CEO Sees Mozambique LNG Germany is planning to top 70mn tonnes
Resuming Work In July 2023 per year (tpy) of liquefied natural gas (LNG)
Alessandro Puliti, the CEO of the Italian import capacity by the end of the decade,
oilfield services provider (OSP) Saipem, says Argus Media reports citing documents from
work on the Mozambique LNG project, led the German economic ministry (BMWK)
by France’s TotalEnergies, will resume this and planning applications from German
summer. “We expect to gradually restart multinational energy utility RWE.
the project, according to the information
received by our clients, starting from July LatAmOil: Pemex Fails To Uphold Pledge To
this year,” Puliti informed analysts during Halt Gas Flaring At Ixachi Field
Saipem’s 2022 earnings call on February 28. Mexico’s national oil company (NOC) Pemex
has failed to uphold the commitment it made
AsianOil: New Indian LNG Terminal To Start late last year to stop flaring at Ixachi, one of
Operations Before Summer the country’s major natural gas fields, by mid-
A long overdue LNG import terminal in India January of 2023, according to an exclusive
is now expected to begin operating by the report from Reuters.
summer. The state-owned company had pledged
Tentative start dates for the plant coming to halt flaring at Ixachi, which is located in
properly online are currently mentioning Veracruz state, after coming under growing
mid-June, although as with much in Indian environmental pressure.
LNG and power infrastructure in general,
seeing is believing. MEOG: Abraj Signs PNZ Deal
Oman’s state-owned Abraj Energy Services this
DMEA: Luberef Signs Yanbu Expansion Deal week signed a five-year deal to provide drilling
Saudi Aramco Base Oil Co. (Luberef) has and extraction services in the Partitioned Neutral
announced the signing of an engineering Zone (PNZ) shared between Kuwait and Saudi
procurement and construction (EPC) contract Arabia.
with Egypt’s Petrojet for the expansion of its The deal, which covers the onshore Wafra
Yanbu facility. oilfield, was signed between Abraj, Kuwait Gulf Oil
The EPC is part of Luberef’s Growth II Co. (KGOC) and Saudi Arabian Chevron (SAC),
project which aims to expand the Yanbu which respectively represent Kuwait Oil Co. (KOC)
facility’s base oil production capacity to and Saudi Aramco in the Wafra Joint Operations
around 1.3mn tonnes per year (tpy) by 2025, (WJO) area.
allowing it to produce more Group II and
Group III base oils to meet growing market NorthAmOil: Low US Gas Prices Upend Ac-
demand. quisitions, Drillers Scale Back Rigs
The US may have seen a sudden uptick in gas
FSUOGM: Ukraine’s Naftogaz Makes $1bn prices since the third week of February, when
Loss In 2022 Henry Hub gas prices had plummeted around See the archive and
According to the chairman of Naftogaz, Oleksiy 78% since August of 2022. sign up to receive
Chernyshov, the company has recorded a But despite the sharp uptick, the six-month *NRG Editor’s Picks*
preliminary net loss of around UAH40bn decrease in price has been stymying deal- for free by email each
($1.1bn) for the year 2022, Interfax Ukraine makers. week here

Week 10 08•March•2023 www. NEWSBASE .com P17