Page 19 - AfrOil Week 44 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global on October 31, in order to safeguard its energy
(NRG), in which the reader is invited to join our security. ExxonMobil until recently had a 30%
team of international editors, as they provide a interest in Sakhalin-1, but announced its inten-
snapshot of some of the key issues affecting their tion to withdraw from the project in March fol-
regional beats. We hope you will like NRG’s new lowing the launch of Russia’s invasion of Ukraine.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Philippines prepares for entry into
as before. LNG sector
The Philippines will next year mark its entry into
AsianOil: Jadestone drops plans to buy the world of LNG with the opening of three LNG
OMV’s stake in Maari field terminals that will enable the country to reduce
Austria’s OMV has dropped plans to divest its carbon output in line with its green energy goals
69% interest in the Maari field off the coast of and also to replace natural gas that now comes
New Zealand to Asia-focused Jadestone Energy from the Philippines’ dwindling Malampaya
because of regulatory delays. Jadestone said in a gas field, which will be depleted by 2027. The
statement that it had engaged with OMV follow- three regasification terminals will be operated
ing changes to New Zealand’s upstream regula- by Singapore-based Atlantic, Gulf and Pacific
tory framework at the end of last year and had (AG&P), the Philippines’ First Gen Corpora-
also worked with the government to seek clarity tion and Energy World Corporation, which is
on the processes, terms and associated time- Australia-listed.”
frame needed to complete the deal.
LatAmOil: Brazil’s oil and gas output tops
DMEA: Saudi Kayan moves from profit to 4mn boepd
loss in Q3 2022 Brazil’s hydrocarbon production hit 4.048mn
Jubail-based Saudi Kayan Petrochemical Co. barrels of oil equivalent per day in September
sustained a loss in the third quarter of 2022 2022, according to data released by the country’s
after operating in the black in the same period National Agency of Petroleum, Natural Gas and
of 2021. In a statement, the company said it lost Biofuels (ANP). This is only the second time that
SAR812.27mn ($216.15mn) between July and monthly output has ever topped 4mn boepd.
September, marking its largest quarterly loss
since its initial stock exchange listing on Octo- MEOG: Energean delivers first gas from
ber 1, 2011. Karish field
London-listed explorer Energean this week
EurOil: Russia accuses UK of blowing up delivered first gas from the Karish field offshore
Nord Stream pipelines Israel through its Energean Power floating pro-
Russia’s defence ministry has accused British duction, storage and offloading unit. Gas began
Navy personnel of blowing up the Nord Stream to flow the day after Israel gave the go-ahead after
pipelines – a claim that the UK government has years of preparation, planning and controversy.
rejected, describing it as an attempt to distract
from Russian military setbacks in Ukraine. NorthAmOil: Teck to sell share of Fort Hills
oilsands project to Suncor for $737mn
FSU OGM: Japan reportedly seeks to Canadian miner Teck Resources will sell its
remain at Sakhalin-1 stake in the Fort Hills oil sands project to Suncor
Japan’s government has said it intends to remain Energy for CAD1bn ($737mn). Teck said it is
involved in the previously ExxonMobil-led shifting its focus to copper in an effort to reduce
Sakhalin-1 oil and gas project, Nikkei reported its involvement in carbon. ™

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Week 44 03•November•2022 www. NEWSBASE .com P19