Page 17 - LatAmOil Week 34 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global compressor unit at the Portovaya compressor
(NRG), in which the reader is invited to join station that handles Nord Stream’s gas flow will
our team of international editors, who provide a be closed so that Russia’s Gazprom and Germa-
snapshot of some of the key issues affecting their ny’s Siemens can carry out joint maintenance.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Russia sets up new entity to
link for each section the full text will be available manage Sakhalin-2
as before. A Russian state-owned entity has assumed full
control over the Sakhalin-2 LNG terminal in the
AfrOil: NNPC Ltd signs renegotiated PSCs Far East, after the Kremlin previously accused
for five deepwater blocks the project’s foreign partners of violating their
Nigerian National Petroleum Co. Ltd (NNPC shareholder obligations. Operated by Gazprom,
Ltd) has signed revised production-sharing con- the Sakhalin-2 LNG and oil project also involves
tracts for five deepwater blocks in a move that Shell (UK), which said earlier this year that it
may unlock more than $500bn in revenue for would withdraw from Russia in response to that
the West African country. The renegotiated PSCs country’s invasion of Ukraine.
cover the offshore blocks known as OML 128,
OML 130, OML 132, OML 133 and OML 138. GLNG: Peru LNG resumes exports after
July shutdown
AsianOil: Dorado delays The Peru LNG consortium resumed exports in
Santos has postponed the $2bn development of the first two weeks of August following a planned
the Dorado oilfield offshore Western Australia, shutdown in July. According to data from Peru’s
as soaring costs from the construction of a float- national oil company Perupetro, the group
ing production storage and off-loading (FPSO) resumed loadings after completing its mainte-
vessel have made the project too risky. In its half- nance programme and has loaded two cargoes
year report, the firm said rising costs and sup- since the beginning of August.
ply chain uncertainties made a final investment
decision {FID) unlikely this year. MEOG: ADNOC affiliates win more work
The Logistics & Services arm of Abu Dhabi
DMEA: Israel sees Egypt’s LNG capacity National Oil Co. (ADNOC) has been awarded
as reason for continued co-operation a $1.17bn deal to provide barges to support the
Israel will continue to work with Egypt to boost parent firm’s upstream expansion. The award
natural gas exports to Europe, Energy Minister will see ADNOC L&S lease 13 self-propelled
Karine Elharrar told Israel Hayom. Elharrar said jack-up barges to ADNOC for a period of five
Israel’s caretaker government had joined Brus- years, enabling rig-less operations and mainte-
sels and Cairo in in signing a memorandum of nance, alongside “manpower and equipment.”
understanding (MoU) on expanding gas sup-
plies to Europe because of the access that Israel NorthAmOil: Santos takes FID on Pikka
had gained to Egypt’s LNG plants. project in Alaska
Australia’s Santos announced this week that it
EurOil: Gazprom warns of three-day Nord had taken a final investment decision (FID) on
Stream shutdown Phase 1 of the Pikka oil project on Alaska’s North
Russia plans to close down the Nord Stream Slope. The company has pegged total capital
natural gas pipeline between August 31 and expenditure on the project at $2.6bn, with San-
September 2, in a move that will further strain tos’ share accounting for $1.3bn as a 51% share-
the European gas market. The only working holder in Pikka. ™

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Week 34 24•August•2022 www. NEWSBASE .com P17