Page 16 - FSUOGM Week 27 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global conditional payments that could amount to a
(NRG), in which the reader is invited to join further $360mn.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Shell Warns Of Disruptions To Ship-
regional beats. We hope you will like NRG's new ments From Prelude FLNG
concise format, but by clicking on the headline Shell warned this week that shipments from its
link for each section the full text will be available Prelude floating LNG (FLNG) project offshore
as before. Australia would be disrupted until at least mid-
July owing to industrial action relating to a pay
AfrOil: Shell Suspends SPDC Stake Sale dispute.
Shell (UK) has put plans for selling its 30% Workers on the Prelude facility began 12
stake in the Shell Petroleum Development days of industrial action on June 10 over the
Corp. (SPDC) joint venture on hold pending pay dispute. This was followed by a work ban
the Nigerian Supreme Court’s resolution of a by unions in the run-up to a vote on a new offer
lawsuit related to an oil spill in 2018. from Shell on July 7.
The company’s Nigerian arm confirmed
that the deal was on hold in a statement LatAmOil: Pemex Formally Launches Ol-
dated June 30. meca Refinery
Mexico’s national oil company (NOC)
AsianOil: Russian Oil Exports To Asia De- Pemex held a ceremony marking the official
cline opening of the Olmeca refinery on July 1.
Russia’s seaborne crude oil exports in the The event was orchestrated to mark the first
seven days up to July 1 rebounded from a trial runs of crude through the 340,000 bar-
slump in the previous week, Bloomberg rel per day (bpd) plant’s processing units,
reported on July 4, but deliveries to Asian and it was supposed to be a triumphant
markets are declining. moment for Pemex, which has said it wants
to eliminate the country’s dependence on
DMEA: OPEC Gives Refining Update imported fuels.
This week’s DMEA includes coverage of
OPEC’s latest review of its members’ refin- MEOG:Gulf E&P Uptick
ing capacities. This week’s MEOG includes coverage of the
The release this week of the 2022 OPEC continued resurgence in Middle Eastern
Annual Statistical Bulletin included over- E&P.
view data of refining capacity among A Kuwait-Saudi working group focused
member states. However, rather than on the development of joint oil and gas pro-
providing an accurate picture of OPEC jects met this week to discuss the accelera-
refining activity in 2021, the data offers a tion of efforts in their Partitioned Neutral
best-case scenario processing level, once Zone (PNZ).
major overhaul and expansion projects
have been completed. NorthAmOil: US Government Releases
2023-2028 Offshore Drilling Plan
Euroil: Ithaca Closes Takeover Of Siccar The US Department of the Interior released its
Point new five-year offshore drilling plan on July 1,
Ithaca Energy has closed the purchase of UK saying it would carry out no more than 11 new See the archive and
North Sea counterpart Siccar Point Energy, potential Atlantic and Pacific lease sales during sign up to receive
giving the company positions in several of the 2023-2028 period. In a statement, it said no *NRG Editor’s Picks*
the country’s largest fields. more than 10 of these lease sales would cover for free by email each
Under the deal, reached in early April, acreage in the Gulf of Mexico, while no more week here
Ithaca is paying $1.1bn upfront to Siccar than one would cover acreage in Alaska’s Cook
Point’s shareholders, and may make multiple Inlet.

P16 www. NEWSBASE .com Week 27 07•July•2022