Page 15 - GLNG Week 43 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global entered Russia in 1995, securing operatorship of
(NRG), in which the reader is invited to join the Sakhalin-1 oil project in the Russian Far East
our team of international editors, who provide a – often cited as one of the most successful inter-
snapshot of some of the key issues affecting their national oil ventures in Russian history.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline link GLNG: Mozambique expects to dispatch histo-
for each section the full text will be available as ry-making first LNG export by end of October
before. Mozambique is on track to export its first LNG
cargo from the Coral field, located off the coast
AfrOil: Museveni defends Uganda’s oil develop- of the country’s northernmost Cabo Delgado
ment plans province, by the end of October, Macao News
Uganda’s President Yoweri Museveni has said reported on October 19. The publication, based
that his government is committed to reaching in a special administrative region of China,
carbon neutrality by 2050 but does not expect quoted Mozambique’s Finance Minister Max
fossil fuel consumption to be eliminated com- Tonela as saying to the Portuguese news agency
pletely within the next few decades. In a speech Lusa: “We hope that before the end of October
at a climate summit in Johannesburg, Museveni the first export of LNG produced by Mozam-
declared that his country was on track to bring bique will take place.”
net carbon dioxide emissions down to zero by
the middle of the century. LatAmOil: Guyana to reserve offshore
blocks for bilateral partnerships
AsianOil: Woodside achieves profit record amid Guyana’s President Irfaan Ali has said that his
high gas price government intends to set some sections of the
Australia’s biggest oil and gas producer Woodside country’s offshore zone aside for partnerships
Energy achieved record output and sales in the with other countries under bilateral accords
third quarter, thanks to soaring gas prices and rather than including them in competitive
the wrap-up of its merger with BHP’s petroleum licensing rounds. Speaking at a press conference,
division. The LNG exporter also raised its output Ali said that Georgetown intended to dispose of
guidance after its $40bn tie-up with BHP’s petro- a number of unassigned blocks in this fashion.
leum business was completed in June.
MEOG: Gaza nears deal for offshore exploration
DMEA: Russian fuel deliveries to Middle East Following the recent maritime delimitation
remain high in September agreement between Israel and Lebanon, the
Russia continued to deliver higher than usual Palestinian Authority (PA) appears close to an
volumes of petroleum products to buyers in the upstream development deal offshore the Gaza
Middle East in September, even though deliver- Strip. Egypt’s Petroleum and Mineral Resources
ies dropped month on month, according to Vor- Minister Tarek El-Molla held talks with Pales-
texa data cited by Argus Media. On October 19, tinian Prime Minister Muhammed Shtayyeh
Argus Media explained that Russian sellers had and Israeli representatives to pursue the devel-
been sending about 250,000-450,000 tonnes per opment of the Gaza Marine gas field.
month of refined fuel to the Middle East prior to
the outbreak of war in Ukraine in late February. NorthAmOil: Continental to be acquired by
Hamm family in sweetened $4.3bn deal
EurOil: Will Europe’s energy supply allow it to make Shale producer Continental Resources will merge
it through the winter? with Omega Acquisition, an Oklahoma corpo-
Europe has filled its gas storage facilities to close to ration owned by Continental’s founder, Harold
95% of capacity, and while gas prices are still very Hamm. The company, one of the US’ largest
high, they are substantially down from previous independent oil companies, will become private.
spikes. How the continent’s energy system will fare
this winter, however, will depend on a number of See the archive and sign up to receive NRG Editor’s
factors – many of which are highly unpredictable. Picks for free by email each week here.™

FSUOGM: ExxonMobil sees abrupt Russian
exit, saying assets expropriated
ExxonMobil ExxonMobil confirmed to multiple
media on October 17 that it had had its assets
in Russia expropriated, marking an abrupt end
to the nearly three decades that the US major
has been working in the country. The company

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