Page 14 - MEOG Week 47 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global office said on November 17.
(NRG), in which the reader is invited to join Producers are now expected to invest
our team of international editors, who provide a NOK175.3bn ($17.4bn) in the country’s offshore
snapshot of some of the key issues affecting their oil and gas fields this year, versus an August fore-
regional beats. cast of NOK172.8bn.
By clicking on the headline link for each sec-
tion the full text will be available. FSUOGM: Russian exports slump in October
Russian fossil fuel exports slumped in October
AfrOil: Bids submitted for off Mozambique to their lowest level since the start of Moscow’s
Mozambique’s sixth licensing round has invasion of Ukraine, a Finnish think-tank has
attracted a total of six bids, with Italy’s Eni estimated.
making an offer for one offshore block in the Revenues came to €21bn ($22bn) in October,
Angoche basin and China National Offshore Finland’s Centre for Research on Energy and
Operating Corp. (CNOOC) making offers for Clean Air (CREA) said in research published on
five blocks in the Angoche and Save basins, the November 16.
National Petroleum Institute (INP) has said.
In a statement released on November 11, the GLNG: Calls to suspend Tema LNG
final day of the licensing round, the institute A group of African non-governmental organisa-
noted that Eni had submitted one bid for A6-C, tions (NGOs) has called for the suspension of the
located in the Angoche basin. Tema LNG project in Ghana, arguing that the
deal could end up costing the country $1.5bn, as
AsianOil: Gas hubs planned for Sarawak government officials have noted that there is no
The Malaysian state of Sarawak on the island of immediate demand for the natural gas that will
Borneo intends to build four gas hubs across its be imported via the terminal.
territory over the next 10 years in accordance Tema LNG, whose operator is backed by
with its Gas Roadmap. Helios Investment Partners of the UK and Afri-
An investment of MYR65bn ($14.3bn) will can Infrastructure Investment Managers (AIIM)
be undertaken by state-owned oil and gas com- of the Netherlands, is key to Ghana’s plans to
pany Petroleum Sarawak Berhad (Petros) to become a gas hub.
build gas hubs in Miri, Samalaju, Bintulu and
Kuching. LatAmOil: Suriname launches bidding round
Staatsolie Hydrocarbon Institute (SHI), a wholly
DMEA: Petchem firms look upstream owned subsidiary of Suriname’s national oil
A consortium of Iranian petrochemical compa- company Staatsolie, officially launched a new
nies has commenced the process of developing licensing round covering some 43,956 square
three natural gas fields in Iran. km of deepwater acreage on the Demerara Pla-
This is the first time in the history of the teau on November 8.
country’s hydrocarbon industry that a petro- In a statement, SHI reported that it was invit-
chemical company has taken such a step, the ing both NOCs and international oil compa-
secretary-general of the Iranian Petrochemical nies (IOCs) to submit offers for the six blocks
Industry Employers Association, Ahmad Mah- included in the Demerara Bidding Round.
davi Abhari, was quoted by local media agencies
as saying. NorthAmOil: Biden tightens methane rules
The Biden administration has unveiled a pro-
EurOil: Norwegians increase investments posed tighter methane rule for the oil and gas
Norwegian oil and gas companies have increased sector as the US races to cut GHG emissions.
their projections for investment in 2022, eager to Methane, the major component of natural
exploit the remaining time available for projects gas and which can leak from pipelines, is an
to receive tax incentives, the country’s statistics especially potent greenhouse gas.™

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P14 www. NEWSBASE .com Week 47 23•November•2022