Page 15 - FSUOGM Week 08 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global fields in the southern UK North Sea, in line
(NRG), in which the reader is invited to join with the general trend of international oil
our team of international editors, who provide a majors leaving the mature region in recent
snapshot of some of the key issues affecting their years in favour of frontier, high-impact
regional beats. We hope you will like NRG's new plays.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Shell Warns That LNG Market Will
as before. Remain Tight In 2022
Shell said on February 21 it expected the global
AfrOil: TotalEnergies Said To Be Heading For LNG market to remain tight in 2022, after a 6%
A Big Discovery Offshore Namibia climb in demand last year.
Early reports indicate that TotalEnergies In its latest LNG outlook, the super-major
(France) has made a major discovery at said that growing demand in China and South
Venus-1x, its wildcat exploration well at the Korea drove the increase in consumption last
PEL 56 licence area offshore Namibia. year, with China raising its imports by 12mn
Thus far, the company has not com- tonnes to 79mn tonnes, surpassing Japan as the
mented on the status of the well, which is world’s largest buyer.
being drilled in 3,000-metre-deep water.
TotalEnergies Strikes Oil Again Offshore
AsianOil: P’nyang Partners Sign Gas Agree- Suriname
ment With PNG Government TotalEnergies (France) and its US-based
The partners in the proposed P’nyang partner APA Corp. have reported a new dis-
development have signed a deal with the covery in the Krabdagu-1 exploration well
government of Papua New Guinea (PNG) at Block 58 offshore Suriname.
over the proposed development of the field. In a statement dated February 21, the
Santos said on February 22 that it had French major said that Krabdagu-1, which
signed the agreement along with Exxon- is being drilled at a site near the eastern
Mobil – the operator of P’nyang – and JX edge of Block 58, had encountered about 90
Nippon Oil & Gas Exploration. metres of net oil pay.

DMEA: Trans Sahara Deal Signed MEOG: Saudi Uptick And Iraqi Drilling
This week’s DMEA covers the signing of a In MEOG this week we look at Saudi output
tripartite deal to develop a long-awaited data and more drilling by Iraq’s IDC.
African gas pipeline and confirmation Data formally confirmed this week that
from Aramco that it is considering Asian Saudi Arabia’s oil production increase by
investments. 110,000 barrels per day (bpd) during Decem-
A deal between the governments of Alge- ber, in line with its OPEC+ quota.
ria, Niger and Nigeria is seen breathing new
life into plans to build an ambitious gas pipe- NorthAmOil: FERC Approves Gas Pipeline
line that will link sub-Saharan Africa with Certification Shake-Up
European consumer markets. The US Federal Energy Regulatory Commis-
sion (FERC) has agreed to overhaul the certi-
EurOil: More North Sea M&A On The Ho- fication process for new natural gas pipeline See the archive and
rizon projects. sign up to receive
Further North Sea M&A deals are on the The commission voted for changes that *NRG Editor’s Picks*
horizon, with both Shell and ONE-Dyas would result in greater scrutiny of the eco- for free by email each
reported to be seeking divestments. nomic need for new projects, as well as their week here
Shell is preparing to sell stakes in two gas environmental and local impacts.

Week 08 23•February•2022 www. NEWSBASE .com P15