Page 15 - AsianOil Week 04 2023

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup FSUOGM: Germany’s Wintershall Dea De-
Global (NRG), in which the reader is invited parts Russia
to join our team of international editors, who Germany’s Wintershall Dea has announced it
provide a snapshot of some of the key issues will exit Russia, noting that continuing its oper-
affecting their regional beats. We hope you will ations in the country had become impossible.
like NRG's new concise format, but by clicking Owned by German chemicals giant BASF and
on the headline link for each section the full text Russian billionaire Mikhail Fridman’s Letter-
will be available as before. One business, Wintershall Dea has become the
latest international oil company (IOC) to decide
to leave Russia amid fallout from Moscow’s
AfrOil: London court gives UKEF green light invasion of Ukraine.
to fund Mozambique LNG
Friends of the Earth, an international environ- GLNG: Pakistan looks to sell LNG sites to
mental group, has failed to overturn a lower Qatar
court ruling green-lighting the UK’s plan to pro- Sources in Islamabad have indicated that the
vide funding for the Mozambique LNG project. government of Prime Minister Mian Muham-
The non-governmental organisation (NGO) mad Shehbaz Sharif is preparing to sell two of
has been seeking to prevent UK Export Finance the nation’s LNG-fired power plants to the gov-
(UKEF), the British government’s export credit ernment of Qatar. The sale is thought to be part
agency, from upholding a pledge to provide up of a bid by Islamabad to dodge responsibility
to $1.15bn in funding for Mozambique LNG. for the non-payment of government debts, at
the same time as pulling in much sought-after
DMEA: Angola and Zambia boost ties foreign capital, although to date no such formal
Angola and Zambia last week concluded bilat- confirmation to this end has been announced.
eral negotiations on infrastructure deals that
appear set to bring long-awaited progress on LatAmOil: Whiptail identified as sixth devel-
a major cross-border pipeline. Zambian Pres- opment project at Stabroek
ident Hakainde Hichilema told a joint news ExxonMobil Guyana, a subsidiary of the US
conference in Luanda that he was “aware that super-giant ExxonMobil, has named the Whip-
a number of agreements have been signed by tail oilfield as the main target of its sixth devel-
the two countries in this regard and despite opment project at the Stabroek block. According
some of these being signed under the pre- to a notice from Guyana’s Environmental Pro-
vious government, ours is to pick up where tection Agency, the company has asked to begin
they left off and ensure that these projects are the authorisation process for work at Whiptail.
implemented.”
MEOG: Masirah completes Oman drilling
EurOil: Equinor Hails Norway's First Hydro- Masirah Oil Ltd (MOL) has completed a two-
carbon Discovery Of The Year well drilling campaign that started in its Block
Norway’s Equinor has hailed the country’s 50 concession offshore Oman late last year.
first oil and gas discovery of the year, noting The drilling work comprised workover drill-
it can be tied to another nearby field set for ing at the Yumna-3 well and the drilling of the
development. Yumna-4 well.
Equinor and its partners Wintershall Dea and
Petoro made the commercial gas discovery NorthAmOil: ExxonMobil prepares to launch
at production licence 1128 in the Norwegian $2bn refinery expansion in Texas
Sea, assessing its size at somewhere between ExxonMobil will soon launch a $2bn refinery
12.6 and 69.2mn barrels of oil equivalent (boe). expansion in Beaumont, on the Gulf Coast of
Named Obelix Upflank, the find is only 23 km Texas, reports Reuters. The move will sharply See the archive and
south of the Irpa gas field, which is due to be boost gasoline and diesel output at the plant sign up to receive
tied back to the Aasta Hansteen platform, and make the refinery the second largest in *NRG Editor’s Picks*
extending the facility’s lifespan by seven years. the US. for free by email each
week here

Week 04 27•January•2023 www. NEWSBASE .com P15