Page 18 - GLNG Week 10 2023

GLNG NEWSBASE ROUNDUP GLOBAL (NRG) GLNG

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup he revealed that unprofitable activity was mostly
Global (NRG), in which the reader is invited due to significant receivables that arose after the
to join our team of international editors, who state used Naftogaz’s working capital to meet the
provide a snapshot of some of the key issues energy supply needs of consumers.
affecting their regional beats. We hope you will
like NRG's new concise format, but by clicking FSUOGM: Ukraine’s Naftogaz Makes $1bn
on the headline link for each section the full text Loss In 2022
will be available as before. According to the chairman of Naftogaz, Oleksiy
Chernyshov, the company has recorded a
AfrOil: Saipem CEO Sees Mozambique LNG preliminary net loss of around UAH40bn
Resuming Work In July 2023 ($1.1bn) for the year 2022, Interfax Ukraine
Alessandro Puliti, the CEO of the Italian reported on March 2.
oilfield services provider (OSP) Saipem, says During a Forbes Business Breakfast stream,
work on the Mozambique LNG project, led he revealed that unprofitable activity was
by France’s TotalEnergies, will resume this mostly due to significant receivables that
summer. “We expect to gradually restart arose after the state used Naftogaz’s working
the project, according to the information capital to meet the energy supply needs of
received by our clients, starting from July consumers.
this year,” Puliti informed analysts during
Saipem’s 2022 earnings call on February 28. LatAmOil: Pemex Fails To Uphold Pledge To
Halt Gas Flaring At Ixachi Field
AsianOil: New Indian LNG Terminal To Start Mexico’s national oil company (NOC) Pemex
Operations Before Summer has failed to uphold the commitment it made
A long overdue LNG import terminal in India late last year to stop flaring at Ixachi, one of
is now expected to begin operating by the the country’s major natural gas fields, by mid-
summer. January of 2023, according to an exclusive
Tentative start dates for the plant coming report from Reuters.
properly online are currently mentioning The state-owned company had pledged
mid-June, although as with much in Indian to halt flaring at Ixachi, which is located in
LNG and power infrastructure in general, Veracruz state, after coming under growing
seeing is believing. environmental pressure.

DMEA: Luberef Signs Yanbu Expansion Deal MEOG: Abraj Signs PNZ Deal
Saudi Aramco Base Oil Co. (Luberef) has Oman’s state-owned Abraj Energy Services this
announced the signing of an engineering week signed a five-year deal to provide drilling
procurement and construction (EPC) contract and extraction services in the Partitioned Neutral
with Egypt’s Petrojet for the expansion of its Zone (PNZ) shared between Kuwait and Saudi
Yanbu facility. Arabia.
The EPC is part of Luberef’s Growth II The deal, which covers the onshore Wafra
project which aims to expand the Yanbu oilfield, was signed between Abraj, Kuwait Gulf Oil
facility’s base oil production capacity to Co. (KGOC) and Saudi Arabian Chevron (SAC),
around 1.3mn tonnes per year (tpy) by 2025, which respectively represent Kuwait Oil Co. (KOC)
allowing it to produce more Group II and and Saudi Aramco in the Wafra Joint Operations
Group III base oils to meet growing market (WJO) area.
demand.
NorthAmOil: Low US Gas Prices Upend Ac-
FSUOGM: Ukraine’s Naftogaz Makes $1bn quisitions, Drillers Scale Back Rigs
Loss In 2022 The US may have seen a sudden uptick in gas
According to the chairman of Naftogaz, Oleksiy prices since the third week of February, when
Chernyshov, the company has recorded a Henry Hub gas prices had plummeted around
preliminary net loss of around UAH40bn 78% since August of 2022. See the archive and
($1.1bn) for the year 2022, Interfax Ukraine But despite the sharp uptick, the six-month sign up to receive
reported on March 2. decrease in price has been stymying deal- *NRG Editor’s Picks*
During a Forbes Business Breakfast stream, makers. for free by email each
week here

P18 www. NEWSBASE .com Week 10 09•March•2023