Page 14 - GLNG Week 12 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Russian oil becomes toxic waste
(NRG), in which the reader is invited to join In the midst of the 1998 financial crisis Adam
our team of international editors, who provide a Elstein, the managing director of Bankers Trust’s
snapshot of some of the key issues affecting their Moscow office, famously told the Financial
regional beats. We hope you will like NRG’s new Times’ John Thornhill that he would rather “eat
concise format, but by clicking on the headline link toxic nuclear waste” than buy Russian assets.
for each section the full text will be available as Following President Vladimir Putin’s attack on
before. Ukraine on February 24, Russia is back in that
place.
AfrOil: Uganda’s energy minister hopes for
refinery FID in 2023 GLNG: Germany targets LNG supplies from
Uganda’s Energy Minister Ruth Nankabirwa says Qatar
that the Albertine Graben Refinery Consortium Germany is turning to Qatar for LNG as it
(AGRC) is on track to make a final investment pivots away from Russian natural gas in the
decision next year on the construction of a plant wake of the war in Ukraine. Following a visit
that will process crude oil from fields near Lake to Qatar over the weekend of March 19-20,
Albert. At the weekend, Nankabirwa stated that German Minister of Economy Robert Habeck
discussions among members of the consortium described a deal between the two countries as
were moving forward. a “door opener”.

AsianOil: BP, Petronas win offshore blocks LatAmOil: Emissions reduction may be a
in Indonesian auction factor in Ecuador’s Intracampos 2 tenders
Super-major BP and Malaysia’s Petronas both Ecuador’s Energy Minister Juan Carlos Bermeo
announced on March 18 that they had been has said that Quito may take carbon emissions
awarded deepwater exploration blocks as part reduction goals into account when selecting the
of the second round of Indonesia’s 2021 Oil and winners of upcoming tenders for six onshore oil
Gas Working Area (WK) Bid Round. BP has blocks. More specifically, Bermeo said, Ecua-
been awarded the Agung I and Agung II blocks, dor may give extra consideration to offers from
while Petronas won rights to the North Keta- investors that offer access to technologies that
pang block. help shrink the country’s carbon footprint.

DMEA: Angola refinery work set to start MEOG: PNZ partners agree Dorra deal
In DMEA this week, we look at the upcoming MEOG this week covers an agreement to develop
start of work on a new refinery in Angola and a shared gas field in the shared Partitioned Neu-
more attacks on Saudi facilities. Work on a tral Zone. The governments of Kuwait and Saudi
greenfield refinery in north-western Angola is Arabia this week agreed a deal for the belated
expected to begin late next month, with equip- development of the offshore Dorra gas field.
ment set to begin arriving at the location of a Meanwhile, Iraq’s ambitious plans to increase oil
similar facility two months later, according to production capacity from 5mn bpd to 8mn bpd
a representative of the national oil company by 2027 are under threat amid concerns about
Sonangol. Meanwhile, the day Saudi Aramco the Iraqi National Oil Co. (INOC), which was
announced its 2021 full-year results, its facilities reconstituted last year.
came under attack once again from missiles and
drones launched by Yemen’s Iran-aligned Houthi NorthAmOil: Biden administration to re-
militia, targeting a water desalination plant at sume federal oil and gas leasing
Al-Shaqeeq, a distribution station at Jazan, a The administration of US President Joe Biden
power station near Aramco’s HQ in Dhahran will resume oil and gas leasing on federal
and gas facilities at Yanbu’ and Khamis Mushait. land following a court decision temporarily
reinstating a measure that puts a higher price
EurOil: Shell reconsiders Cambo withdraw- on the greenhouse gas emissions associated
al following oil price spike with projects. The development marks the
Shell is reportedly reconsidering its withdrawal latest twist in a saga that has been ongoing
from the giant Cambo oilfield west of the UK since Biden took office and attempted to
Shetland Islands, in light of soaring oil and gas review and overhaul the federal oil and gas
prices in recent months triggered by Russia’s war leasing system, with climate change concerns
in Ukraine. The UK major announced in early in mind.
December it was leaving the Siccar Point-oper-
ated project because its economic case “was not See the archive and sign up to receive NRG Editor’s
strong enough” and there was a risk of delays. Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 12 25•March•2022