Page 17 - MEOG Week 10 2023
P. 17

MEOG                          NEWSBASE ROUNDUP GLOBAL (NRG)                                           MEOG

       NewsBase Roundup Global (NRG)

        NRG              WELCOME to NewsBase’s Roundup Global   The programme will entail a $2.4bn invest-
                         (NRG), in which the reader is invited to join  ment in the UK and a $1.2bn investment in India.
                         our team of international editors, who provide a
                         snapshot of some of the key issues affecting their  FSUOGM: Naftogaz makes loss in 2022
                         regional beats. By clicking on the headline link for  According to the chairman of Naftogaz, Oleksiy
                         each section the full text will be available.  Chernyshov, the company has recorded a pre-
                                                              liminary net loss of around UAH40bn ($1.1bn)
                         AfrOil: Mozambique LNG back on track  for the year 2022, Interfax Ukraine reported on
                         Alessandro Puliti, the CEO of the Italian oil-  March 2.
                         field services provider Saipem, says work on   During a Forbes Business Breakfast stream,
                         the Mozambique LNG project, led by France’s  he revealed that unprofitable activity was mostly
                         TotalEnergies, will resume this summer.  due to significant receivables that arose after the
                           “We expect to gradually restart the project,  state used Naftogaz’s working capital to meet the
                         according to the information received by our cli-  energy supply needs of consumers.
                         ents, starting from July this year,” Puliti informed
                         analysts during Saipem’s 2022 earnings call on  GLNG: Germany eyes more LNG imports
                         February 28.                         Germany is planning to top 70mn tonnes per
                                                              year of liquefied natural gas import capacity
                         AsianOil: Indian LNG unit to come online  by the end of the decade, Argus Media reports
                         A long overdue LNG import terminal in India is  citing documents from the German economic
                         now expected to begin operating by the summer.  ministry (BMWK) and planning applications
                           Tentative start dates for the plant coming  from German multinational energy utility RWE.
                         properly online are currently mentioning mid-
                         June, although as with much in Indian LNG  LatAmOil: Pemex fails to halt Ixachi flaring
                         and power infrastructure in general, seeing is  Mexico’s national oil company Pemex has failed
                         believing.                           to uphold the commitment it made late last year
                                                              to stop flaring at Ixachi, one of the country’s
                         DMEA: Luberef signs Yanbu expansion deal  major natural gas fields, by mid-January of 2023,
                         Saudi Aramco Base Oil Co. (Luberef) has  according to an exclusive report from Reuters.
                         announced the signing of an engineering pro-  The state-owned company had pledged to
                         curement and construction contract with Egypt’s  halt flaring at Ixachi, which is located in Veracruz
                         Petrojet for the expansion of its Yanbu facility.  State, after coming under growing environmental
                           The EPC contract is part of Luberef’s Growth  pressure.
                         II project which aims to expand the Yanbu facili-
                         ty’s base oil production capacity to around 1.3mn  NorthAmOil: Low prices change plans
                         tonnes per year by 2025, allowing it to produce  The US may have seen a sudden uptick in gas
                         more Group II and Group III base oils to meet  prices since the third week of February, when
                         growing market demand.               Henry Hub gas prices had plummeted around
                                                              78% since August of 2022.
                         EurOil: Essar unveils transition plans  But despite the sharp uptick, the six-
                         India’s Essar Group has created a new division to  month decrease in price has been stymying
                         focus on the energy transition, with projects in  deal-makers.™
                         the UK set to play a leading role.

                                               See the archive and sign up to
                                              receive *NRG Editor’s Picks* for
                                                free by email each week here

       Week 10   08•March•2023                  www. NEWSBASE .com                                             P17
   12   13   14   15   16   17   18   19