Page 20 - AfrOil Week 34 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the project’s foreign partners of violating their
(NRG), in which the reader is invited to join our shareholder obligations. Operated by Gazprom,
team of international editors, as they provide a the Sakhalin-2 LNG and oil project also involves
snapshot of some of the key issues affecting their Shell (UK), which said earlier this year that it
regional beats. We hope you will like NRG’s new would withdraw from Russia in response to that
concise format, but by clicking on the headline country’s invasion of Ukraine.
link for each section the full text will be available
as before. GLNG: Peru LNG resumes exports after
July shutdown
AsianOil: Dorado delays The Peru LNG consortium resumed exports in
Santos has postponed the $2bn development of the first two weeks of August following a planned
the Dorado oilfield offshore Western Australia, shutdown in July. According to data from Peru’s
as soaring costs from the construction of a float- national oil company Perupetro, the group
ing production storage and off-loading (FPSO) resumed loadings after completing its mainte-
vessel have made the project too risky. In its half- nance programme and has loaded two cargoes
year report, the firm said rising costs and sup- since the beginning of August.
ply chain uncertainties made a final investment
decision {FID) unlikely this year. LatAmOil: ExxonMobil may use tie-backs
to expand production at Stabroek
DMEA: Israel sees Egypt’s LNG capacity Mike Ryan, production manager at ExxonMobil
as reason for continued co-operation Guyana, says his company may use subsea tie-
Israel will continue to work with Egypt to boost backs to link new oil finds at the Stabroek block
natural gas exports to Europe, Energy Minister to existing infrastructure to improve production
Karine Elharrar told Israel Hayom. Elharrar said operations. Since ExxonMobil Guyana’s priority
Israel’s caretaker government had joined Brus- is optimum development of resources, tie-backs
sels and Cairo in in signing a memorandum of are among the options it may pursue, he said.
understanding (MoU) on expanding gas sup-
plies to Europe because of the access that Israel MEOG: ADNOC affiliates win more work
had gained to Egypt’s LNG plants. The Logistics & Services arm of Abu Dhabi
National Oil Co. (ADNOC) has been awarded
EurOil: Gazprom warns of three-day Nord a $1.17bn deal to provide barges to support the
Stream shutdown parent firm’s upstream expansion. The award will
Russia plans to close down the Nord Stream see ADNOC L&S lease 13 self-propelled jack-up
natural gas pipeline between August 31 and Sep- barges to ADNOC for a period of five years,
tember 2, in a move that will further strain the enabling rig-less operations and maintenance,
European gas market. The only working com- alongside “manpower and equipment.”
pressor unit at the Portovaya compressor sta-
tion that handles Nord Stream’s gas flow will be NorthAmOil: Santos takes FID on Pikka
closed so that Russia’s Gazprom and Germany’s project in Alaska
Siemens can carry out joint maintenance. Australia’s Santos announced this week that it
had taken a final investment decision (FID) on
FSU OGM: Russia sets up new entity to Phase 1 of the Pikka oil project on Alaska’s North
manage Sakhalin-2 Slope. The company has pegged total capital
A Russian state-owned entity has assumed full expenditure on the project at $2.6bn, with San-
control over the Sakhalin-2 LNG terminal in the tos’ share accounting for $1.3bn as a 51% share-
Far East, after the Kremlin previously accused holder in Pikka. ™

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P20 www. NEWSBASE .com Week 34 25•August•2022