Page 16 - MEOG Week 38 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global with a company veteran due to take his place.
(NRG), in which the reader is invited to join Van Beurden oversaw the company through
our team of international editors, who provide a its transformational acquisition of BG Group in
snapshot of some of the key issues affecting their 2016, greatly expanding its LNG business, and
regional beats. the subsequent sale of some $30bn of non-core
By clicking on the headline link for each sec- assets.
tion the full text will be available.
FSUOGM: Russian revenues dip in August
AfrOil: UNOC eyes EACOP funding Russia’s earnings from energy exports slumped
A representative of Uganda National Oil Co. to a 14-month low in August, as the country con-
(UNOC) has said that the East Africa Crude Oil tinues discounting its oil supplies to Asia that it
Pipeline (EACOP) consortium expects to wrap has diverted away from Europe.
up arrangements for funding its $4bn project by The country’s energy income amounted to
the end of November. RUB672bn last month, or $11.1bn, marking the
A representative of Uganda National Oil Co. lowest volume since June 2021, according to the
(UNOC) has said that the East Africa Crude Oil Russian finance ministry.
Pipeline (EACOP) consortium expects to wrap
up arrangements for funding its $4bn project by GLNG: Woodside signs LNG deal
the end of November. A Woodside Energy subsidiary, Woodside
Energy Trading Singapore, has converted its
AsianOil: Australia awards CCS permits non-binding heads of agreement deals with the
The Australian government has awarded per- US’ Commonwealth LNG into two binding sale
mits for companies to undertake evaluation and and purchase agreements.
appraisal work for the potential storage of carbon The SPAs cover the supply of up to 2.5mn
dioxide (CO2) in the country’s waters. tonnes per year of LNG over a 20-year period
On September 5, Santos announced that from Commonwealth’s proposed export termi-
it had been awarded permits G-9-AP and nal in Louisiana, on the US Gulf Coast.
G-11-AP to pursue carbon capture and storage
opportunities in the Carnarvon and Bonaparte LatAmOil: T&T PM seeks more leverage
basins, offshore Western Australia, alongside its Keith Rowley, the prime minister of Trinidad
joint venture partners. and Tobago, wants his country’s government to
have more say in decisions about exploration,
DMEA: Iran offers to complete Pak gas line production and development strategies in the
Mohammed Ali Hosseini, the Iranian ambas- natural gas sector.
sador to Pakistan, said last week that Iran’s gov- Speaking after a meeting with several of the
ernment was prepared to complete a natural gas biggest investors in Trinidad and Tobago’s gas
pipeline to neighbouring Pakistan as part of a industry, Rowley noted that the gas sector was
wider effort to expand ties in the energy sector. facing significant challenges.
“To further strengthen trade co-operation
with Pakistan, completion of energy projects, NorthAmOil: Tamarack buys Deltastream
especially the Pak-Iran gas pipeline, remains Tamarack Valley Energy has agreed to
vital,” he told the Associated Press of Pakistan acquire privately held Deltastream Energy for
in an interview. CAD1.43bn ($1.07bn).
The acquisition will make Tamarack the
EurOil: Shell CEO to step down at year-end largest producer in Northern Alberta’s Clear-
Shell CEO Ben van Beurden will step down from water heavy oil play, where activity has been
his post at the end of 2022 after a nine-year stint, booming.™

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P16 www. NEWSBASE .com Week 38 21•September•2022