Page 12 - AsianOil Week 47 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global
(NRG), in which the reader is invited to join GLNG: Tanzania Expects To Sign Several
our team of international editors, who provide a Agreements On LNG Project In December
snapshot of some of the key issues affecting their Tanzanian Energy Minister January
regional beats. We hope you will like NRG's new Makamba reiterated on November 7 that
concise format, but by clicking on the headline his country’s government was optimistic
link for each section the full text will be available about its chances of signing a package
as before. of agreements in December with Shell
(UK) and Equinor (Norway), the for-
AfrOil: Eni, CNOOC Submit Bids For Six eign shareholders in the Tanzania LNG
Blocks Offshore Mozambique consortium.
Mozambique’s sixth licensing round has “It’s happening,” Makamba told
attracted a total of six bids, with Italy’s Eni Bloomberg in an interview on the side-
making an offer for one offshore block in lines of the COP27 international climate
the Angoche basin and China National Off- summit in Sharm El Sheikh, Egypt. “In
shore Operating Corp. (CNOOC) making December, we will conclude the conver-
offers for five blocks in the Angoche and sation. We are in the fiscal package dis-
Save basins, the National Petroleum Institute cussions now.”
(INP) has said.
LatAmOil: Guyana Starts First Competitive
DMEA: Iranian Petrochemical Companies Offshore Licensing Round
Look Upstream Guyana has launched its first-ever compet-
A consortium of Iranian petrochemical itive oil and gas licensing round and is now
companies has commenced the process accepting bids for 14 offshore blocks, the
of developing three natural gas fields in country’s Ministry of Natural Resources
Iran. This is the first time in the history of said on November 4.
the country’s hydrocarbon industry that a The ministry announced the opening
petrochemical company has taken such a of the auctions in a statement, saying that
step, the secretary-general of the Iranian the government had completed the process
Petrochemical Industry Employers Asso- of identifying the blocks that were to be
ciation, Ahmad Mahdavi Abhari, was included in the bidding contest.
quoted by local media agencies as saying.
MEOG:Kuwait Pledges To Reach Net Zero
Kuwait committed at this week’s COP27
EurOil: Norwegian Producers Expand In- summit in Egypt to reaching ‘net-zero’
vestments Amid High Prices, Tax Incentives emissions from oil and gas by 2050, and
Norwegian oil and gas companies have a decade later for the rest of its economy.
increased their projections for investment The announcement comes a week after
in 2022, eager to exploit the remaining regional hegemon Saudi Arabia reaf-
time available for projects to receive tax firmed its own similar target.
incentives, the country’s statistics office Kuwaiti Foreign Minister Salem al-Sa-
said on November 17. bah told Kuwait News Agency (KUNA)
Producers are now expected to invest that the plan to achieve carbon-neutral-
NOK175.3bn ($17.4bn) in the country’s ity was “a solid serious pledge that we will
offshore oil and gas fields this year, versus commit to”.
an August forecast of NOK172.8bn. .
NorthAmOil: Biden Unlikely To Change
FSUOGM: Russian Fossil Fuel Exports Course Even With A Republican-Led Con-
Slump In October gress
Russian fossil fuel exports slumped in President Joe Biden and his administration
October to their lowest level since the start are unlikely to change course if there is a
of Moscow’s invasion of Ukraine, a Finnish divided government following the midterm See the archive and
think-tank has estimated. elections on November 8, says a leading oil sign up to receive
Revenues came to €21bn ($22bn) in lobbyist. *NRG Editor’s Picks*
October, Finland’s Centre for Research “I do not see the administration chang- for free by email each
on Energy and Clean Air (CREA) said ing their policies – they did not change week here
in research published on November 16. them when [gasoline] prices were most
This was down 7% month on month, with high,” said the American Petroleum Insti-
declines seen across all fossil fuel commod- tute (API)’s senior vice president of policy,
ities except LNG, where revenues increased economics and regulatory affairs, Frank
9% m/m. Macchiarola.

P12 www. NEWSBASE .com Week 47 28•November•2022