Page 18 - DMEA Week 20 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global January 1 and May 15, down 26.5% year on year.
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: Another delay at Hammerfest LNG
snapshot of some of the key issues affecting their Equinor has again delayed the start-up of the
regional beats. Hammerfest LNG export project at Melkøya
By clicking on the headline link for each sec- in Norway after a fault with a compressor was
tion the full text will be available. discovered.
The company said that extensive repairs at
AfrOil: Africa’s new energy bank Melkøya had been completed, but that the final
The African Export-Import Bank (Afrex- run-up of the plant was taking somewhat longer
imbank) and the African Petroleum Producers than planned.
Organisation (APPO) are teaming up to estab-
lish a new avenue of funding for oil and gas pro- LatAmOil: Kawa-1 not yet commercial
jects in Africa. Canada’s CGX Energy, the operator of the Cor-
In a statement, AEC said that Afreximbank entyne block offshore Guyana, is not yet ready to
and APPO had signed a memorandum of determine whether the hydrocarbon discovery
understanding on the establishment of a new at the Kawa-1 well is commercially viable.
pan-African energy bank during the CAPE VIII Dr. Mark Zorback, CGX’s senior technical
conference in Luanda on May 16. advisor, said during a virtual presentation last
week that while results from the exploration well
AsianOil: Lockdowns hit Chinese refineries were very promising, the company and its part-
Chinese refinery throughput was down 11% ner Frontera Energy had not reached a formal
year on year in April, the latest data from the conclusion.
National Bureau of Statistics (NBS) have shown.
According to the NBS, China’s crude MEOG: Turkish drilling, Saudi results
throughput totalled 51.81mn tonnes in April, In this week’s MEOG, we cover drilling plans in
equivalent to 12.61mn barrels per day. Turkey and Aramco’s Q1 results. Turkish Petro-
leum (TPAO) has announced plans this week to
EurOil: Germany, Qatar at odds in LNG talks kick off Turkey’s largest ever drilling campaign
Germany and Qatar are at odds over contract as the company prepares to receive its fourth
terms over LNG supply, according to Reuters, drillship.
in particular regarding the latter’s preference for Meanwhile, Saudi Aramco declared net
long-term contracts with destination clauses. income of $39.5bn, up 82% year on year as it
Germany has no regasification capacity and benefitted more than anyone from an aver-
relies on pipeline gas imports, mainly from age realised crude price of $97.7 per barrel, an
Russia. increase of more than $37 per barrel y/y.

FSUOGM: Gazprom slashes Europe supplies NorthAmOil: Ballymore gets green light
Russia’s Gazprom has slashed gas supplies to Chevron announced on May 17 that it had taken
Europe by more than a quarter this year, the a final investment decision on the Ballymore
company reported on May 16, despite a bump project in the US Gulf of Mexico.
in its production over the same period. The project has a design capacity of 75,000
The state gas supplier’s exports to the barrels per day of oil and will be developed as
so-called Far Abroad, referring to Europe plus a subsea tieback to Chevron’s Blind Faith plat-
Turkey, minus countries of the former Soviet form, the super-major said.™
Union, reached 55.9bn cubic metres between

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P18 www. NEWSBASE .com Week 20 19•May•2022