Page 17 - GLNG Week 44 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global 29 were also behind the Nord Stream pipelines’
(NRG), in which the reader is invited to join sabotage.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: Japan reportedly seeks to remain at
regional beats. We hope you will like NRG’s new Sakhalin-1
concise format, but by clicking on the headline link Japan’s government has said it intends to remain
for each section the full text will be available as involved in the previously ExxonMobil-led
before. Sakhalin-1 oil and gas project, Nikkei reported
on October 31, in order to safeguard its energy
security. ExxonMobil until recently had a 30%
AfrOil: Somalia green-lights Coastline’s explo- interest in Sakhalin-1, but announced its inten-
ration plans tion to withdraw from the project in March
US-based Coastline Exploration announced on following the launch of Russia’s invasion of
October 21 that it had secured a green light from Ukraine.
the Federal Government of Somalia for explo-
ration work covering seven offshore deepwater GLNG: Philippines prepares for entry into LNG
blocks. Coastline had signed production-shar- sector
ing agreements for all seven blocks this Febru- The Philippines will next year mark its entry into
ary with Abdirashid Mohamed Ahmed, then the world of LNG with the opening of three LNG
serving as Somalia’s Minister of Petroleum and terminals that will enable the country to reduce
Mineral Resources. carbon output in line with its green energy goals
and also to replace natural gas that now comes
AsianOil: Jadestone drops plans to buy OMV’s from the Philippines’ dwindling Malampaya
stake in the Maari field off New Zealand gas field, which will be depleted by 2027. The
Austria’s OMV has dropped plans to divest its three regasification terminals will be operated
69% interest in the Maari field off the coast of by Singapore-based Atlantic, Gulf and Pacific
New Zealand to Asia-focused Jadestone Energy (AG&P), the Philippines’ First Gen Corpora-
because of regulatory delays – a deal that the tion and Energy World Corporation, which is
pair agreed to enter into in 2019. Jadestone said Australia-listed.
in a statement last week that it had engaged
with OMV following changes to New Zealand’s
upstream regulatory framework at the end of last LatAmOil: Brazil’s oil and gas output tops
year, and had also worked with the government 4mn boepd
to seek clarity on the processes, terms and asso- Brazil’s hydrocarbon production hit 4.048mn
ciated timeframe needed to complete the deal. barrels of oil equivalent per day in September
2022, according to data released by the country’s
DMEA: Saudi Kayan moves from profit to loss National Agency of Petroleum, Natural Gas and
in Q3 2022 Biofuels (ANP). This is only the second time that
Saudi Kayan Petrochemical Co., a Jubail-based monthly output has ever topped 4mn boepd.
manufacturer of chemicals, polymers and spe-
cialty products, sustained a loss in the third MEOG: Energean delivers first gas from Karish
quarter of 2022 after operating in the black in London-listed explorer Energean this week
the same period of the previous year. According delivered first gas from the Karish field offshore
to a statement filed with the Tadawul exchange Israel through its Energean Power floating pro-
in Riyadh, the company lost SAR812.27mn duction, storage and offloading unit. Gas began
($216.15mn) between July and September, to flow the day after Israel gave the go-ahead after
marking its largest quarterly loss since its initial years of preparation, planning and controversy.
stock exchange listing on October 1, 2011.
NorthAmOil: Teck to sell share of Fort Hills oil-
EurOil: Russia accuses UK of blowing up Nord sands project to Suncor for $737mn
Stream pipelines Canadian miner Teck Resources will sell its
Russia’s defence ministry has accused British Navy stake in the Fort Hills oil sands project to Sun-
personnel of blowing up the Nord Stream pipelines cor Energy for CAD1bn ($737mn). Teck said it is
– a claim that the UK government has rejected, shifting its focus to copper in an effort to reduce
describing it as an attempt to distract from Russian its involvement in carbon.
military setbacks in Ukraine. Without providing
evidence, the ministry said that “British specialists” See the archive and sign up to receive NRG Editor’s
that had directed Ukrainian drone strike attacks on Picks for free by email each week here.™
Russia’s Black Sea fleet in Crimea earlier on October

Week 44 03•November•2022 www. NEWSBASE .com P17