Page 13 - NorthAmOil Week 48 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global sabotage attempt by Ukrainian special forces
(NRG), in which the reader is invited to join at the “South Stream” gas pipeline. “As a result
our team of international editors, who provide a of a set of investigative measures, [the FSB]
snapshot of some of the key issues affecting their prevented an attempt by Ukrainian special
regional beats. We hope you will like NRG’s new services to commit an act of sabotage and ter-
concise format, but by clicking on the headline link rorism on the South Stream gas pipeline sup-
for each section the full text will be available as plying energy resources to Turkey and Europe,”
before. the FSB said.

AfrOil: Eco Atlantic strikes out at Gazania-1 GLNG: Biden announces tighter methane
UK-based Eco (Atlantic) Oil & Gas said it had rule for US oil and gas industry
not found any crude oil or natural gas in the The Biden administration has unveiled a pro-
Gazania-1 exploration well at Block 2B offshore posed tighter methane rule for the oil and gas
South Africa in the Orange basin. In a state- sector as the US races to cut GHG emissions.
ment dated November 18, Eco Atlantic said it Methane, the major component of natural gas
had sunk Gazania-1 to the target depth of 2,360 and which can leak from pipelines, is an espe-
metres after spudding it on October 10. cially potent greenhouse gas.

AsianOil: Indonesia set to decommission LatAmOil: EPA imposes new permitting re-
first offshore platform quirement on USVI refinery
Indonesia’s Pertamina has decommissioned The US Environmental Protection Agency has
the country’s first offshore oil and gas platform, informed Port Hamilton Refining and Transpor-
in co-operation with South Korean partners. tation (PHRT), the owner of the Limetree Bay
Upstream regulator SKK Migas reported that Refinery near St. Croix in the US Virgin Islands,
the platform, formerly operated by Chevron at that it may not resume oil-processing operations
the East Kalimantan-Attaka block off the coast unless it first obtains a new comprehensive Clean
of Balikpapan, would be decommissioned Air Permit. In a statement dated November 17,
under a government-to-government partner- the agency said it had instructed US-based
ship agreement between Indonesia and South PHRT to secure a Prevention of Significant Dete-
Korea. rioration permit.

DMEA: Israel eyes new gas export route to MEOG: PIF hires banks for ADES IPO
Europe Saudi Arabia’s Public Investment Fund (PIF)
NewMed Energy (Israel) has indicated that is reported to have hired banks to lead the
it does not want Egypt’s LNG plants to be the initial public offering (IPO) of drilling firm
sole export outlet for natural gas from the Levi- ADES International on the Tadawul All Share
athan field. Yossi Abu, NewMed’s CEO, said Index (TASI), the local stock exchange. Sources
during a conference call discussing his compa- were quoted by Reuters as saying that JPMor-
ny’s third-quarter results on November 24 that gan, Goldman Sachs, SNB Capital – the Saudi
he was “really keen” to develop a floating LNG National Bank’s investment arm – and Egypt’s
solution for Leviathan. EFG Hermes have been selected as joint lead
managers on the listing, which is expected to
EurOil: Equinor, partners sign off on attract more than $1bn when it launches next
$1.4bn gas field development year.
Norway’s Equinor and its partners announced
this week that they had signed off on a NorthAmOil: COP27 – Canada faces criti-
NOK14.8bn ($1.44bn) plan to develop an cism for oil and gas stance
Arctic gas discovery off the country’s coast. Though global delegates have left COP27 in
The discovery, Irpa, will yield around 20bn Sharm El-Sheikh, the criticism of Canada’s
cubic metres of gas for export to Europe via stance on fossil fuels is ongoing. Canada was
the Aasta Hansteen platform some 80 km east lambasted by activists for refusing to sign a final
of the find. agreement to phase out oil and gas, but it also
challenged other countries to adopt carbon pric-
FSUOGM: FSB claims sabotage foiled at ing as a key element of climate strategy.
“South Stream” gas pipeline
Russia’s federal security service (FSB) reported See the archive and sign up to receive NRG Editor’s
on November 24 that it had prevented a Picks for free by email each week here.™

Week 48 01•December•2022 www. NEWSBASE .com P13