Page 23 - GLNG Week 12 2023

GLNG NEWSBASE ROUNDUP GLOBAL (NRG) GLNG

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup is Europe’s first cross-border carbon
Global (NRG), in which the reader is invited capture and storage (CCS) initiative to start
to join our team of international editors, who operations.
provide a snapshot of some of the key issues
affecting their regional beats. We hope you FSUOGM: Gazprom Export Head Burmistrova
will like NRG's new concise format, but by Steps Down
clicking on the headline link for each section Russia’s state-owned gas supplier Gazprom
the full text will be available as before. announced on March 10 that Elena
Burmistrova was stepping down as head
AfrOil: DRC licensing round attracts green of its export arm and would go on to serve
investor as vice president of Gazprombank. Dmitry
An unconventional candidate has entered the Khandoga, currently overseeing Gazprom’s
onshore bidding round launched last July by international business, will become acting
the Democratic Republic of Congo (DRC) – director-general of Gazprom Export, the
EQX Biome, a US-based investment firm that company said on its Telegram channel.
focuses on preserving biodiversity. The fund
has reportedly submitted offers for all 27 of LatAmOil: Pemex exploring options for
the potentially oil-bearing blocks included in repaying debts in 2023-2024
the licensing round. Mexico’s national oil company Pemex is
currently exploring options for repaying its
AsianOil: Petronas enjoys profit bump from heavy load of debts that are due to mature
high prices, increased sales volumes in 2023 and 2024, according to the firm’s
Malaysia’s Petronas reported on March 13 a CEO, Octavio Romero Oropeza. In an
55% climb in profits for the first quarter on interview with Reuters, Romero said that
the back of higher prices and increased sales the NOC might offer lenders guarantees
volumes. However, the state-owned LNG backed by crude oil but was considering other
exporter warned that prices would be more possibilities too.
subdued this year as a result of a forecasted
slowdown in the global economy. MEOG: IDC completes well at East Baghdad
The Iraqi Drilling Co. (IDC) announced
DMEA: Building begins on Shaheen project last week that it had completed the drilling
A ceremony was held last week in of a well at the East Baghdad oilfield, to the
Ulsan, South Korea, to mark the start south-east of the capital city. In a statement,
of work on the $7bn Shaheen integrated the company said that its technical and
petrochemical plant located in Onsan engineering teams had drilled the EBS-H-18
Industrial Complex. South Korean major well to a depth of 3,509 metres, noting that
S-Oil Corp. plans to start commercial it was the first of a 27-well drilling campaign
operation of the plant in 2026, and noted targeting the field for its Chinese operator
that the facility will produce around EBS – a local Iraqi subsidiary of China
3.2mn tonnes per year of petrochemical ZhenHua Oil Co. Ltd, itself a subsidiary of the
products including ethylene, propylene state-owned China North Industries Group
benzene and butadiene from feedstocks (Norinco).
naphtha and off-gas.
NorthAmOil: ConocoPhillips' Alaska Willow
EurOil: INEOS, Wintershall Dea launch project okayed, more of Arctic off-limits to oil
Greensand CCS project leasing
European energy companies INEOS and The Biden administration has approved
Wintershall Dea began injecting CO2 a scaled-back version of ConocoPhillips’ See the archive and
under the North Sea bed as part of Project $7bn Willow project in Alaska, the US sign up to receive
Greensand on March 8, with European Department of Interior said on March 13. *NRG Editor’s Picks*
Commission President Ursula von der But as a compromise, the administration has for free by email each
Leyen hailing the event as a milestone in the at the same time put more of the US Arctic week here
EU’s green transition. Project Greensand off-limits to oil and gas drilling.

Week 12 24•March•2023 www. NEWSBASE .com P23