Page 17 - LatAmOil Week 28 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global fuel supplies to alleviate the crisis. In July 2021,
(NRG), in which the reader is invited to join Brussels passed the sweeping Fit-for-55 climate
our team of international editors, who provide a package, aimed at rapidly reducing the use of oil,
snapshot of some of the key issues affecting their gas and coal and expanding the deployment of
regional beats. We hope you will like NRG’s new low-carbon technologies to cut emissions.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Nord Stream 1 put on hold
as before. The Nord Stream 1 pipeline closed down on July
11 for routine maintenance that was planned
AfrOil: Namibian minister blasts foreign well in advance and which takes place every
critics of Kavango exploration summer. Under normal circumstances, the
Namibia’s Energy Minister Tom Alweendo has 10-day closure would be no cause for alarm. But
expressed frustration with critics of the country’s European officials have raised the possibility that
plans to move forward with oil and gas explo- Moscow may keep the 55bn cubic metre per year
ration, asserting that much of the opposition pipeline offline for longer, in order to further
to these plans comes from foreign countries destabilise European energy markets.
that have already benefited from hydrocarbon
development. GLNG: Shell signs 20-year LNG supply
deal with MPL
AsianOil: Japan seeks to conserve gas Shell (UK) said on July 12 that its subsidiary
Japan is considering steps to conserve natural gas Shell Eastern Trading Ltd had arranged to pur-
supplies amid fears of a potential disruption and chase 2.6mn tonnes per year of LNG from a new
may ask households and businesses to cut back gas liquefaction plant slated for construction at
on gas usage when supply is tight. This comes Puerto Libertad in Mexico’s Sonora State. In a
after Moscow ordered the transfer of ownership statement, Shell said its subsidiary had signed
in the Sakhalin-2 project to a newly established a sales and purchase agreement (SPA) with an
Russian company, warning Japanese firms Mit- affiliate of the future plant’s owner and operator
sui & Co. and Mitsubishi, which own stakes in Mexico Pacific Ltd (MPL).
the project, that they could lose their access to it.
MEOG: Turkish progress, Iranian process
DMEA: Cabinda CDU, Nigerian biofuels Turkish Petroleum Corp. (TPAO) this week
Brazilian contractor Odebrecht Engenharia e announced the discovery of a small onshore oil-
Construção (OEC) this week announced that it field as efforts ramp up to tap its flagship offshore
has installed the distillation tower at the 60,000 gas asset. The news follows Ankara’s unveiling of
barrel per day refinery in Angola’s Cabinda the country’s fourth drillship and the controver-
exclave. Meanwhile, a delegation from the Nige- sial announcement that it will begin operations
rian National Petroleum Corp. (NNPC) Ltd in the Eastern Mediterranean.
visited Kogi State this week as plans formalise
around the development of a new biofuel plant. NorthAmOil: Suncor CEO steps down
following new fatality
EurOil: EU deputy warns of “conflict and Suncor Energy’s president and CEO Mark Lit-
strife” this winter amid energy costs tle has stepped down following another worker
A senior EU official has warned that the bloc fatality at a site operated by the company. The
runs the risk of “very, very strong conflict and fatality, involving a worker at Suncor’s oil sands
strife” this winter over high energy costs. In the base plant in Alberta, was the fifth for the com-
short term, he urged the EU to expand fossil pany since Little became CEO in 2019. ™

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Week 28 14•July•2022 www. NEWSBASE .com P17