Page 17 - MEOG Week 08 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Shell is preparing to sell stakes in two gas
(NRG), in which the reader is invited to join fields in the southern UK North Sea, in line with
our team of international editors, who provide a the general trend of international oil majors
snapshot of some of the key issues affecting their leaving the mature region in recent years in
regional beats. favour of frontier, high-impact plays.
We hope you enjoy NRG’s new concise for-
mat, but by clicking on the headline link for each FSUOGM: Rosneft unveils 2030 strategy
section the full text will be available as before. Rosneft has announced a new 2030 strategy, set-
ting its sights on significant production growth,
AfrOil: TotalEnergies expects Namibia find a big jump in free cash flow and an increased
Early reports indicate that TotalEnergies focus on environmental social and governance
(France) has made a major discovery at projects. Rosneft aims to be producing 6.63mn
Venus-1x, its wildcat exploration well at the PEL barrels of oil equivalent per day by the end of this
56 licence area offshore Namibia. decade, up from 4.93mn boepd last year.
Thus far, the company has not commented
on the status of the well, which is being drilled in GLNG: Shell warns of tight LNG market
3,000-metre-deep water. Shell said on February 21 it expected the global
LNG market to remain tight in 2022, after a 6%
AsianOil: P’nyang partners sign gas deal climb in demand last year.
The partners in the proposed P’nyang develop- In its latest LNG outlook, the super-major
ment have signed a deal with the government of said that growing demand in China and South
Papua New Guinea over the proposed develop- Korea drove the increase in consumption last
ment of the field. year, with China raising its imports by 12mn
Santos said on February 22 that it had signed tonnes to 79mn tonnes, surpassing Japan as the
the agreement along with ExxonMobil – the world’s largest buyer.
operator of P’nyang – and JX Nippon Oil & Gas
Exploration. LatAmOil: Another oil find oil for Suriname
TotalEnergies (France) and its US-based part-
DMEA: Trans Sahara deal signed ner APA Corp. have reported a new discovery
A deal between the governments of Algeria, in the Krabdagu-1 exploration well at Block 58
Niger and Nigeria is seen breathing new life into offshore Suriname.
plans to build an ambitious gas pipeline that will In a statement dated February 21, the French
link sub-Saharan Africa with European con- major said that Krabdagu-1, which is being
sumer markets. drilled at a site near the eastern edge of Block 58,
Meanwhile, Saudi Aramco’s President and had encountered about 90 metres of net oil pay.
CEO this week confirmed that the company is
considering investments in China amid recent NorthAmOil: Pipe certification shake-up
reports that it has resumed talks for the develop- The US Federal Energy Regulatory Commission
ment of a refinery in the country. (FERC) has agreed to overhaul the certification
process for new natural gas pipeline projects.
EurOil: North Sea M&A on the horizon The commission voted for changes that
Further North Sea M&A deals are on the hori- would result in greater scrutiny of the economic
zon, with both Shell and ONE-Dyas reported to need for new projects, as well as their environ-
be seeking divestments. mental and local impacts.™

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