Page 16 - FSUOGM Week 10 2023

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup The programme will entail a $2.4bn
Global (NRG), in which the reader is invited investment in the UK and a $1.2bn investment
to join our team of international editors, who in India. The UK investment will be spent on the
provide a snapshot of some of the key issues Stanlow oil refinery, reducing industrial emissions
affecting their regional beats. We hope you will in north-west England by about a fifth.
like NRG's new concise format, but by clicking
on the headline link for each section the full text GLNG: Germany Eyes Fourth-Highest Glob-
will be available as before. al LNG Import Capacity By 2030
Germany is planning to top 70mn tonnes
AfrOil: Saipem CEO Sees Mozambique LNG per year (tpy) of liquefied natural gas (LNG)
Resuming Work In July 2023 import capacity by the end of the decade,
Alessandro Puliti, the CEO of the Italian Argus Media reports citing documents from
oilfield services provider (OSP) Saipem, says the German economic ministry (BMWK)
work on the Mozambique LNG project, led and planning applications from German
by France’s TotalEnergies, will resume this multinational energy utility RWE.
summer. “We expect to gradually restart
the project, according to the information LatAmOil: Pemex Fails To Uphold Pledge To
received by our clients, starting from July Halt Gas Flaring At Ixachi Field
this year,” Puliti informed analysts during Mexico’s national oil company (NOC) Pemex
Saipem’s 2022 earnings call on February 28. has failed to uphold the commitment it made
late last year to stop flaring at Ixachi, one of
AsianOil: New Indian LNG Terminal To Start the country’s major natural gas fields, by mid-
Operations Before Summer January of 2023, according to an exclusive
A long overdue LNG import terminal in India report from Reuters.
is now expected to begin operating by the The state-owned company had pledged
summer. to halt flaring at Ixachi, which is located in
Tentative start dates for the plant coming Veracruz state, after coming under growing
properly online are currently mentioning environmental pressure.
mid-June, although as with much in Indian
LNG and power infrastructure in general, MEOG: Abraj Signs PNZ Deal
seeing is believing. Oman’s state-owned Abraj Energy Services this
week signed a five-year deal to provide drilling
DMEA: Luberef Signs Yanbu Expansion Deal and extraction services in the Partitioned Neutral
Saudi Aramco Base Oil Co. (Luberef) has Zone (PNZ) shared between Kuwait and Saudi
announced the signing of an engineering Arabia.
procurement and construction (EPC) contract The deal, which covers the onshore Wafra
with Egypt’s Petrojet for the expansion of its oilfield, was signed between Abraj, Kuwait Gulf Oil
Yanbu facility. Co. (KGOC) and Saudi Arabian Chevron (SAC),
The EPC is part of Luberef’s Growth II which respectively represent Kuwait Oil Co. (KOC)
project which aims to expand the Yanbu and Saudi Aramco in the Wafra Joint Operations
facility’s base oil production capacity to (WJO) area.
around 1.3mn tonnes per year (tpy) by 2025,
allowing it to produce more Group II and NorthAmOil: Low US Gas Prices Upend Ac-
Group III base oils to meet growing market quisitions, Drillers Scale Back Rigs
demand. The US may have seen a sudden uptick in gas
prices since the third week of February, when
EurOil: Essar Unveils Energy Transition In- Henry Hub gas prices had plummeted around See the archive and
vestment Plans 78% since August of 2022. sign up to receive
India’s Essar Group has created a new division to But despite the sharp uptick, the six-month *NRG Editor’s Picks*
focus on the energy transition, with projects in the decrease in price has been stymying deal- for free by email each
UK set to play a leading role. makers. week here

P16 www. NEWSBASE .com Week 10 07•March•2023