Page 14 - EurOil Week 04 2022
P. 14

EurOil                         NEWSBASE ROUNDUP GLOBAL (NRG)                                           EurOil

       NewsBase Roundup Global (NRG)

        NRG              Welcome to NewsBase’s Roundup Global  agreed to buy a 10% stake in Yakutsk LNG, a
                         (NRG), in which the reader is invited to join  proposed liquefaction terminal on the shore
                         our team of international editors, who provide a  of Russia’s remote Yakutia region that at full
                         snapshot of some of the key issues affecting their  capacity will export up to 18mn tonnes per
                         regional beats. We hope you will like NRG's new  year (tpy) of LNG to markets in Asia.
                         concise format, but by clicking on the headline
                         link for each section the full text will be available  GLNG: Sempra Downsizes Cameron LNG
                         as before.                           Expansion Plan
                                                              US-based Sempra Energy has downsized its
                         AfrOil: No Deadline For Sonangol IPO Yet  plans for the expansion of its Cameron LNG
                         Angola’s government is gearing up for the  export terminal in Louisiana.
                         partial privatisation of the national oil com-  In a filing with the US Federal Energy
                         pany (NOC) Sonangol but has not yet set a  Regulatory Commission (FERC) last week,
                         target date, according to Edson Pongolola,  the company proposed an expansion involv-
                         the director of the firm’s planning and con-  ing one 6.75mn tonne per year train, down
                         trol department.                     from a previous expansion plan involving
                           Speaking in late December, Pongolola  two trains with a combined capacity of 10mn
                         confirmed that Luanda was still preparing  tpy.
                         to unload 30% of the NOC’s equity through
                         an initial public offering (IPO) of stock and  LatAmOil: Nahle Offers Reassurances On
                         might begin the process before the end of  Dos Bocas Refinery
                         2022, in line with previous statements.   Mexican Energy Minister Rocio Nahle has
                                                              responded indignantly to reports that the
                         AsianOil: TotalEnergies, Chevron Announce  national oil company (NOC) Pemex is run-
                         Myanmar Withdrawal                   ning over budget and behind schedule on
                         France’s TotalEnergies and US-based Chev-  the construction of the Dos Bocas refinery
                         ron are withdrawing from Myanmar, citing  in Tabasco State.
                         the worsening situation in the country fol-  On January 22, Nahle said in a Twitter
                         lowing last year’s coup. The two companies  post that the refinery project was not expe-
                         are partners in the Yadana natural gas pro-  riencing any setbacks.
                         ject in the country.
                           TotalEnergies announced its exit in a  MEOG: Faihaa Expansion Begins
                         press release on January 21, with Chevron  In this week’s MEOG we look at the expan-
                         confirming to Reuters the same day that it  sion plans for one of the forgotten oilfields
                         was also withdrawing from Myanmar.   in Iraq’s south-east and a pipeline tender in
                         DMEA: Fuel And Pipes For Kuwait, Kenya  The operators of south-eastern Iraq’s
                         In DMEA this week, we look at Kuwait’s  Faihaa oilfield this week awarded a contract
                         plans to expand its network of fuel stations  to two Chinese firms for the construction of
                         and the next phase in Kenya’s massive infra-  a facility to process crude oil from the asset
                         structure project.                   as the developers move ahead with the field’s
                            Downstream-focused Kuwait National  expansion.
                         Petroleum Co. (KNPC) is set to build 15
                         new fuel stations under the second phase of  NorthAmOil:  Chesapeake  Confirms  Chief
                         a wider plan to add a total of 100 as it seeks to  Acquisition, Announces PRB Sale
                         match the country’s urban expansion.  Chesapeake Energy confirmed this week that
                                                              it was buying privately owned Chief E&D
                         FSUOGM: Chinese Investor Signs Up For  holdings for about $2.5bn in cash and stock.   See the archive and
                         Far East LNG Project                 The companies had been reported to be in   sign up to receive
                         A Chinese energy firm has lent its support  advanced talks over a potential acquisition last   *NRG Editor’s Picks*
                         to what could be the first large-scale Russian  week.                    for free by email each
                         liquefaction plant not to be developed by one   Additionally, Chesapeake said it had agreed   week here
                         of the country’s leading gas majors.  to sell its assets in Wyoming’s Powder River
                           Zhejiang Energy, a gas and power supplier  Basin to Continental Resources for around
                         in east China that also imports LNG, has  $450mn in cash.

       P14                                      www. NEWSBASE .com                        Week 04   27•January•2022
   9   10   11   12   13   14   15