Page 12 - MEOG Week 39 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global has positioned the development of more home-
(NRG), in which the reader is invited to join grown energy supply as a centrepiece in her pol-
our team of international editors, who provide a icy, as UK households and businesses cope with
snapshot of some of the key issues affecting their soaring energy costs.
regional beats.
By clicking on the headline link for each sec- FSUOGM: Gas leaks from Nord Stream lines
tion the full text will be available. Pressure fell in both branches of the Nord Stream
gas pipeline from the giant Russian Yamal Arc-
AfrOil: Algeria can meet Italian gas need tic gas fields to Germany on the evening of Sep-
Algeria will be able to supply Italy with at least tember 26, reportedly due to a leak in the NS2
25bn cubic metres of natural gas this year, said pipeline.
Tewfik Hakkar, the CEO of the national oil com- The leaks were reported by the Danish
pany Sonatrach, following reports that the North authorities, which ordered ships to maintain a
African country might not be able to uphold its 5-km radius away from the pipelines that run
commitment to increase deliveries. under the Baltic Sea through Danish waters,
Hakkar told Bloomberg in an interview on describing the area as “dangerous for ship traffic.”
September 21 that Sonatrach was set to export
25.2 bcm of gas to Italy in 2022. GLNG: Germany to sign UAE LNG deals
Germany’s Economic Affairs and Climate
AsianOil: Mubadala makes Malaysia find Action Minister Robert Habeck said on Septem-
UAE-based Mubadala Petroleum and its part- ber 19 that Chancellor Olaf Scholz was set to sign
ners Shell and Malaysia’s Petronas have made a contracts for LNG supplies during an upcoming
sizable natural gas discovery at Block SK320 off trip to the UAE.
the coast of Bintulu, Sarawak, in Malaysia, Petro- Speaking during a trip to Lubmin, where new
nas said on September 20. LNG import facilities will be built in the near
The discovery was made with a well drilled to future, Habeck said the UAE could help Ger-
a depth of 1,680 metres. many diversify its slate of natural gas suppliers.

DMEA: ARIA to build new facilities in HFZA LatAmOil: Ecopetrol calls for fracking halt
UAE-based ARIA Commodities has announced Colombia’s national oil company Ecopetrol has
plans to invest AED154mn ($41.93mn) in the asked ANH, the country’s oil and gas regulator,
construction of four new downstream and pet- to suspend its contracts for the Kale and Platero
rochemical facilities in the Hamriyah Free Zone unconventional fields for 90 days in the face
(HFZA) in Sharjah. of mounting resistance from environmental
Company executives unveiled the plan dur- groups.
ing a ceremony marking the signing of a lease Ecopetrol had been planning to carry out
agreement between HFZA and ARIA Group, pilot projects at the two sites, which are located
the parent company of ARIA Commodities. in Santander Province, in collaboration with the
US company ExxonMobil.
EurOil: UK to fast-track key projects
The UK government of new Prime Minister NorthAmOil: Talos makes EnVen deal
Liz Truss has announced plans to fast-track the Talos Energy announced on September 22 that
development of new oil and gas fields, including it had agreed to acquire privately owned US Gulf
the giant Cambo oil deposit west of the Shetland of Mexico operator EnVen for $1.1bn.
Islands, under a new mini-budget announced on Houston-based Talos says it was already one
September 3. Like her predecessor Boris John- of the Gulf’s largest publicly listed independent
son, Truss, who took office in early September, producers prior to the acquisition.™

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P12 www. NEWSBASE .com Week 39 28•September•2022