Page 19 - FSUOGM Week 07 2023

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup EurOil: CNOOC Puts Sale Of UK North Sea
Global (NRG), in which the reader is invited Business On Hold
to join our team of international editors, who China’s largest offshore oil and gas producer
provide a snapshot of some of the key issues CNOOC Ltd has put on hold the intended
affecting their regional beats. We hope you will sale of its UK North Sea assets, Bloomberg
like NRG's new concise format, but by clicking reported this week.
on the headline link for each section the full text Initial offers for the portfolio did not live up to
will be available as before. CNOOC’s expectations, but a sale process could
be resumed if market conditions improve, the
news agency said, citing sources.
AfrOil: NGOs File Complaint Against US In-
surer Over Role In EACOP Project GLNG: China’s LNG Imports Forecast To
A group of non-governmental organisations Rebound After Plunging 20% In 2022
(NGOs) has alleged that New York-based China’s liquefied natural gas (LNG) imports
Marsh, a member of the Marsh McLennan are projected to recover in 2023 to between
Group, is violating international guidelines 70mn and 72mn tonnes, marking a 9% to
for responsible business conduct by 14% rise from 2022, analysts at Rystad Energy,
brokering insurance underwriting services Wood Mackenzie and ICIS told Reuters.
for the East Africa Crude Oil Pipeline In 2022, LNG imports to China fell 20%
(EACOP) project. year on year to 64.4mn tonnes as strict Covid
The group, which pairs Inclusive lockdowns combined with increased use of
Development International (IDI) of the US natural gas from domestic production and
with 10 Ugandan and Tanzanian NGOs pipeline sources dinted the country’s appetite.
focused on environmental and human
rights issues, has filed a complaint against LatAmOil: Perupetro To Negotiate New Ex-
Marsh with the National Contact Point ploration Deals Directly With Investors
(NCP), a division of the US Department of Peru’s national oil and gas concessionaire Peru-
State. petro revealed on February 2 that it had opened
up 31 new exploration licences for investment
AsianOil: Russia, China Sign Intergovt Deal and was prepared to negotiate directly with pro-
On Far Eastern Gas Supplies spective partners.
Russia and China have signed an Fernando Ruiz Lecaros, a member of
intergovernmental agreement on pipeline gas Perupetro’s board of directors, told investors
deliveries via the Far East, the Russian energy in Houston that the new licence areas were
ministry has reported in a document last located within the Madre de Dios, Maranon,
week, moving the two sides to a new stage in Salaverry, Tumbes and Uyucali basins.
negotiations on the supply route.
The agreement, signed by the two MEOG: Kish Gas Development Deal Signed
governments on January 31, sets out the key Two state-owned Iranian firms signed a $900mn
parameters for a 10 bn cubic metre per year deal last week for the development of the country’s
gas supply contract that they clinched in second-largest gas field in the Persian Gulf.
February 2022. A signing ceremony was held in Tehran
over the weekend between the Iranian
DMEA: Militia Threatens Iraqi Pipeline Offshore Engineering and Construction Co.
An Iraqi militant group with links to Iran this (IOEC) and Pars Oil and Gas Co.
week made vague threats to halt any effort to
establish a pipeline route linking Basra with NorthAmOil: Equinor Receives Licence For
the Red Sea. Discovery Off Newfoundland
Various versions of plans to build a The Canada-Newfoundland and Labrador
1,600-km conduit to carry crude oil from Offshore Petroleum Board (C-NLOPB) has
Iraq’s oil-rich Basra Governorate to the Red issued a license to Equinor for the Cappahayden
Sea port of Aqaba have been on the drawing K-67 discovery in the province's waters. The See the archive and
board since 1982, with political, technical board estimates that it holds about 385mn barrels sign up to receive
and commercial concerns converging to of recoverable oil. It is C-NLOPB’s first such *NRG Editor’s Picks*
derail progress. licence in two years. for free by email each
week here

Week 07 15•February•2023 www. NEWSBASE .com P19