Page 16 - LatAmOil Week 24 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global formally approving the deal, according to
(NRG), in which the reader is invited to join Reuters.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Despite sanctions, Russian
regional beats. We hope you will like NRG’s new energy export revenues up 40% in May
concise format, but by clicking on the headline Russia’s revenue from energy exports in the first
link for each section the full text will be available 100 days of the war amounted to €93bn, accord-
as before. ing to a study by the Helsinki-based Centre for
Research on Energy and Clean Energy (CREA).
AfrOil: TotalEnergies makes FID on Additionally, the EU remains the largest buyer of
$850mn CLOV Phase 3 project Russian gas and oil, even after the sixth package
Angola’s National Agency for Petroleum, Gas of sanctions that target energy was put in place.
and Biofuels (ANPG) said last week that France’s
TotalEnergies had made a final investment deci- GLNG: Petronas to expand investments in
sion (FID) on Phase 3 development at CLOV, LNG exports from Egypt to Europe
four offshore oilfields located within the Block 17 Malaysia’s Petronas is planning to take advantage
licence area. The French major and its partners of current strong demand for LNG exports from
will spend $850mn on the project. Egypt to Europe following the EU’s decision to
invest in diversifying natural gas imports away
AsianOil: CPC receives Taiwan’s first cargo from Russia due to the conflict in Ukraine. A del-
of carbon-offset crude egation headed by Petronas President and Group
Taiwan’s CPC announced on June 12 that it had CEO Tengku Muhammad met with Egyptian
received the country’s first cargo of certified car- Minister of Petroleum Tarek El Molla to discuss
bon-offset crude. The cargo consisted of 1.05mn LNG export opportunities in Egypt.
barrels of oil and was delivered by the trading
arm of Azerbaijan’s state-owned SOCAR. MEOG: NFE partner, Sakarya pipelaying
QatarEnergy has named France’s TotalEner-
DMEA: Progress at Haditha refinery gies as its first and main IOC partner in a joint
Iraq’s state-owned North Refineries Co. (NRC) venture formed to support the development of
has passed the half-way point in its project to its North Field East LNG development. Mean-
upgrade and expand capacity at the Haditha while, Turkish President Recep Tayyip Erdogan
refinery in Anbar Governorate. Speaking to local announced that the Castoro 10 vessel has begun
press this week, the refinery’s director, Hassan laying pipes that will tie-back the flagship Black
Mardi Abdulaziz, said that the “project comple- Sea gas discovery ahead of first gas in early 2023.
tion has exceeded 50%” as it works to more than
double capacity from the current level of 16,000 NorthAmOil: BP exits oil sands, enters
barrels per day (bpd). Bay du Nord via Cenovus deal
BP has struck a deal with Cenovus Energy that
EurOil: Norwegian oil strike averted will see it relinquish its 50% stake in the Sunrise
Norwegian oil firms and employees have agreed oil sands venture while farming into the Bay du
in principle a new wage deal that will avert for Nord project offshore Newfoundland and Labra-
the time being a strike at nine fields that could dor. Under the terms of the agreement, Cenovus
have had an impact on the country’s oil supply, will pay BP CAD600mn ($463mn) plus a varia-
employers and unions said on June 12. Two of ble payment with a maximum cumulative value
the three unions that held talks with oil firms of CAD600mn expiring after two years, as well
will seek the consent of their members before as handing over its 35% stake in Bay du Nord. ™

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P16 www. NEWSBASE .com Week 24 16•June•2022