Page 17 - LatAmOil Week 12 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Shetland Islands, in light of soaring oil and gas
(NRG), in which the reader is invited to join prices in recent months triggered by Russia’s war
our team of international editors, who provide a in Ukraine. The UK major announced in early
snapshot of some of the key issues affecting their December it was leaving the Siccar Point-oper-
regional beats. We hope you will like NRG’s new ated project because its economic case “was not
concise format, but by clicking on the headline strong enough” and there was a risk of delays.
link for each section the full text will be available
as before. FSU OGM: Russian oil becomes “toxic”
In the midst of the 1998 financial crisis Adam
AfrOil: Uganda’s energy minister hopes for Elstein, the managing director of Bankers Trust’s
refinery FID in 2023 Moscow office, famously told the Financial
Uganda’s Energy Minister Ruth Nankabirwa says Times’ John Thornhill that he would rather “eat
that the Albertine Graben Refinery Consortium toxic nuclear waste” than buy Russian assets.
(AGRC) is on track to make a final investment Following President Vladimir Putin’s February
decision next year on the construction of a plant 24 attack on Ukraine, Russia is back in that place.
that will process crude oil from fields near Lake
Albert. At the weekend, Nankabirwa stated that GLNG: Germany targets Qatari LNG
discussions among members of the consortium Germany is turning to Qatar for LNG as it pivots
were moving forward. away from Russian natural gas in the wake of the
war in Ukraine. Following a visit to Qatar over
AsianOil: BP, Petronas win offshore blocks the weekend of March 19-20, German Minister
in Indonesian auction of Economy Robert Habeck described a deal
Super-major BP and Malaysia’s Petronas both between the two countries as a “door opener..
announced on March 18 that they had been
awarded deepwater exploration blocks as part MEOG: PNZ partners agree Dorra deal
of the second round of Indonesia’s 2021 Oil and The governments of Kuwait and Saudi Arabia
Gas Working Area (WK) Bid Round. BP won the this week agreed a deal for the belated develop-
Agung I and Agung II blocks, while Petronas has ment of the offshore Dorra gas field. Meanwhile,
rights to the North Ketapang block. Iraq’s ambitious plans to increase oil production
capacity from 5mn barrels per day (bpd) to 8mn
DMEA: Angola refinery work set to start bpd by 2027 are under threat amid concerns
Work on a greenfield refinery in north-western about the Iraqi National Oil Co. (INOC), which
Angola is expected to begin late next month, was reconstituted last year.
with equipment set to begin arriving at the
location of a similar facility two months later, NorthAmOil: Biden administration to
according to a representative of the national oil resume federal oil and gas leasing
company Sonangol. Meanwhile, the day Saudi The administration of US President Joe Biden
Aramco announced its 2021 full-year results, will resume oil and gas leasing on federal land
its facilities came under attack once again from following a court decision temporarily reinstat-
missiles and drones launched by Yemen’s Iran- ing a measure that puts a higher price on the
aligned Houthi militia. greenhouse gas emissions associated with pro-
jects. The development marks the latest twist in
EurOil: Shell reconsiders Cambo exit a saga that has been ongoing since Biden took
following oil price spike office and attempted to review and overhaul the
Shell is reportedly reconsidering its withdrawal federal oil and gas leasing system, with climate
from the giant Cambo oilfield west of the UK change concerns in mind. ™

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Week 12 24•March•2022 www. NEWSBASE .com P17