Page 12 - NorthAmOil Week 39 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Pressure drops in Nord Stream
(NRG), in which the reader is invited to join pipelines as gas leaks into sea
our team of international editors, who provide a Pressure fell in both branches of the Nord Stream
snapshot of some of the key issues affecting their gas pipeline from the giant Russian Yamal Arc-
regional beats. We hope you will like NRG’s new tic gas fields to Germany on the evening of Sep-
concise format, but by clicking on the headline link tember 26, reportedly due to a leak in the NS2
for each section the full text will be available as pipeline. The leaks were reported by the Danish
before. authorities, which ordered ships to maintain a
5-km radius away from the pipelines that run
AfrOil: Sonatrach CEO says Algeria can under the Baltic Sea through Danish waters,
meet Italian gas supply pledges describing the area as “dangerous for ship traffic.”
Algeria will be able to supply Italy with at
least 25bn cubic metres of natural gas this GLNG: Germany aims to sign LNG supply
year, said Tewfik Hakkar, the CEO of the deals with UAE
national oil company Sonatrach, follow- Germany’s Economic Affairs and Climate
ing reports that the North African country Action Minister Robert Habeck said on Septem-
might not be able to uphold its commitment ber 19 that Chancellor Olaf Scholz was set to sign
to increase deliveries. Hakkar told Bloomb- contracts for LNG supplies during an upcoming
erg in an interview on September 21 that trip to the UAE. Speaking during a trip to Lub-
Sonatrach was set to export 25.2 bcm of gas min, where new LNG import facilities will be
to Italy in 2022. built in the near future, Habeck said the UAE
could help Germany diversify its slate of natural
AsianOil: Mubadala makes gas find off Ma- gas suppliers.
laysia
UAE-based Mubadala Petroleum and its part- LatAmOil: Ecopetrol requests 90-day sus-
ners Shell and Malaysia’s Petronas have made pension of fracking projects
a sizable natural gas discovery at Block SK320 Colombia’s national oil company Ecopetrol has
off the coast of Bintulu, Sarawak, in Malaysia, asked ANH, the country’s oil and gas regulator,
Petronas said on September 20. The discovery to suspend its contracts for the Kale and Platero
was made with a well drilled to a depth of 1,680 unconventional fields for 90 days in the face
metres. of mounting resistance from environmental
groups. Ecopetrol had been planning to carry
DMEA: ARIA Commodities to build new out pilot projects at the two sites, which are
downstream facilities in HFZA located in Santander Province, in collaboration
UAE-based ARIA Commodities has announced with the US company ExxonMobil.
plans to invest AED154mn ($41.93mn) in the
construction of four new downstream and MEOG: Arabian Drilling prepares for IPO
petrochemical facilities in the Hamriyah Free Saudi firm Arabian Drilling Co., owned by the
Zone (HFZA) in Sharjah. Company executives local Industrialization & Energy Services Co.
unveiled the plan during a ceremony marking (TAQA, 51%) and Schlumberger (49%), has
the signing of a lease agreement between HFZA appointed banks to manage its initial public
and ARIA Group, the parent company of ARIA offering. The company released a statement
Commodities. saying it would sell 26.7mn shares, 30% of
the total, when it lists on the local Tadawul
EurOil: UK government set to fast-track All Share Index (TASI) – the Riyadh stock
key oil and gas projects exchange.
The UK government of new Prime Minister
Liz Truss has announced plans to fast-track NorthAmOil: Talos to expand Gulf holdings
the development of new oil and gas fields, with EnVen acquisition
including the giant Cambo oil deposit west Talos Energy announced on September 22 that
of the Shetland Islands, under a new mini- it had agreed to acquire privately owned US Gulf
budget announced on September 3. Like her of Mexico operator EnVen for $1.1bn. Hou-
predecessor Boris Johnson, Truss, who took ston-based Talos says it was already one of the
office in early September, has positioned the Gulf’s largest publicly listed independent pro-
development of more home-grown energy ducers prior to the acquisition.
supply as a centrepiece in her policy, as UK
households and businesses cope with soaring See the archive and sign up to receive NRG Editor’s
energy costs. Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 39 29•September•2022