Page 15 - AsianOil Week 42 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global securing operatorship of the Sakhalin-1
(NRG), in which the reader is invited to join oil project in the Russian Far East – often
our team of international editors, who provide a cited as one of the most successful interna-
snapshot of some of the key issues affecting their tional oil ventures in Russian history
regional beats. We hope you will like NRG's new
concise format, but by clicking on the headline GLNG: Petronas Declares Force Majeure On
link for each section the full text will be available Malaysian LNG Exports
as before. Malaysia’s Petronas has declared a force
majeure on supplies from its Malaysian LNG
AfrOil: Eni Acquires BP’s Upstream Algeri- facility following a pipe leak, the company
an Assets said last week, further exacerbating global
Italy’s Eni has reached agreement with BP supply constraints.
(UK) on the acquisition of the latter compa- The leak was caused by a soil movement
ny’s upstream assets in Algeria. at the Sabah-Sarawak gas pipeline on Sep-
In a statement, Eni said it expected the deal tember 21. “This has impacted the supply
to help it gain access to additional natural gas of gas to MLNG Dua’s production facility at
reserves that could be used to supply European Petronas LNG Complex (PLC) in Bintulu,
markets, while also expanding its own busi- Sarawak,” Petronas said
ness operations in Algeria.
LatAmOil: Ecuador Plans To Auction Off-
DMEA: Iraq Takes Downstream Path To shore Gas Blocks In 2024
OPEC+ Compliance Ecuador’s government is drawing up plans
Iraq has decided to carve out a path toward for an offshore licensing round for natural
compliance with OPEC+ production targets gas blocks in the Gulf of Guayaquil, Energy
through the downstream sector rather than Minister Xavier Vera has said.
the upstream sector in November, according Vera told Reuters in an interview that
to Mohammad Saadoun Mohsen, the coun- Quito would probably stage auctions for the
try’s OPEC representative. blocks in 2024, after it wraps up the bidding
Mohsen revealed details of the coun- process for a group of onshore licence areas
try’s plan to Argus Media on October 11, next year.
explaining that Iraq would reduce domes-
tic refinery throughput rather than cut pro- MEOG: Israel And Lebanon Agree Maritime
duction in order to comply with its OP Border Deal
Israel and Lebanon this week agreed a
EurOil: CNOOC Eyes Sale Of North Sea As- deal that resolves their long-running
sets To Equinor dispute around the demarcation of
China’s state-owned CNOOC is mulling the their shared maritime border despite
sale of UK oil assets to Norway’s Equinor, the technically remaining at war with each
Norwegian press reported on October 17, other.
citing sources as saying the deal price was Lebanon’s President Michel Aoun
NOK20-30bn ($1.9-2.9bn). announced that the talks had come to “a
China National Offshore Oil Corp positive end”, calling the agreement an
(CNOOC) holds interests in a number of “historic achievement”. The deal sees Bei-
UK North Sea fields including Buzzard, one rut regain an 860 square km offshore area.
of the largest in the region, as well as Golden
Eagle, Scott and Telford. NorthAmOil: Diamondback To Acquire Fire-
Bird For $1.6bn
FSUOGM: ExxonMobil Sees Abrupt Russian Diamondback Energy has announced a
Exit, Saying Assets Expropriated major Midland Basin acquisition, having
ExxonMobil confirmed to multiple media agreed to purchase the Permian driller Fire- See the archive and
on October 17 that it had had its assets in Bird Energy for $1.6bn in cash and stock. sign up to receive
Russia expropriated, marking an abrupt The purchase is of all leasehold inter- *NRG Editor’s Picks*
end to the nearly three decades that the est and related assets for 5.86mn shares of for free by email each
US major has been working in the country. Diamondback common stock and $775mn week here
The company entered Russia in 1995, in cash.

Week 42 24•October•2022 www. NEWSBASE .com P15