Page 19 - AfrOil Week 48 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global “South Stream” gas pipeline. “As a result of a set
(NRG), in which the reader is invited to join our of investigative measures, [the FSB] prevented an
team of international editors, as they provide a attempt by Ukrainian special services to commit
snapshot of some of the key issues affecting their an act of sabotage and terrorism on the South
regional beats. We hope you will like NRG’s new Stream gas pipeline supplying energy resources
concise format, but by clicking on the headline to Turkey and Europe,” the state agency said.
link for each section the full text will be available
as before. GLNG: Biden announces tighter methane
rule for US operators
AsianOil: Indonesia set to decommission The Biden administration has unveiled a pro-
first offshore platform posed tighter methane rule for the oil and gas
Indonesia’s Pertamina has decommissioned sector as the US races to cut greenhouse gas
the country’s first offshore oil and gas platform, (GHG) emissions. Methane, the major com-
in co-operation with South Korean partners. ponent of natural gas and which can leak from
Upstream regulator SKK Migas reported that pipelines, is an especially potent greenhouse gas.
the platform, formerly operated by Chevron at
the East Kalimantan-Attaka block off the coast of LatAmOil: EPA imposes new permitting
Balikpapan, would be decommissioned under a requirement on USVI refinery
government-to-government partnership agree- The US Environmental Protection Agency says
ment between Indonesia and South Korea. Port Hamilton Refining and Transportation
(PHRT), the owner of the Limetree Bay Refinery
DMEA: Israel eyes new gas export route to near St. Croix in the US Virgin Islands, may not
Europe resume oil-processing operations unless it first
NewMed Energy (Israel) has indicated that it obtains a new comprehensive Clean Air Permit.
does not want Egypt’s LNG plants to be the sole
export outlet for natural gas from the Leviathan MEOG: PIF hires banks for ADES IPO
field. Yossi Abu, NewMed’s CEO, said during a Saudi Arabia’s Public Investment Fund (PIF)
conference call on the company’s third-quarter is reported to have hired banks to lead the ini-
results on November 24 that he was “really keen” tial public offering (IPO) of drilling firm ADES
to develop a floating LNG solution for Leviathan. International on the Tadawul All Share Index
(TASI), the local stock exchange. Sources told
EurOil: Equinor, partners sign off on Reuters that JPMorgan, Goldman Sachs, SNB
$1.4bn gas field development Capital – the Saudi National Bank’s investment
Norway’s Equinor and its partners have signed arm – and Egypt’s EFG Hermes have been
off on a NOK14.8bn ($1.44bn) plan to develop selected as joint lead managers on the listing,
an Arctic gas discovery off the country’s coast. which is set to attract more than $1bn next year.
The discovery, Irpa, will yield around 20bn cubic
metres of gas for export to Europe via the Aasta NorthAmOil: Following COP27, Canada
Hansteen platform, which lies some 80 km east faces criticism for oil and gas stance
of the find. Though global delegates have left COP27 in
Sharm El Sheikh, the criticism of Canada’s
FSU OGM: FSB claims sabotage foiled at stance on fossil fuels is still sharp. Canada was
South Stream gas pipeline lambasted by activists for refusing to sign a final
Russia’s Federal Security Service (FSB) reported agreement to phase out oil and gas, but it also
on November 24 that it had prevented a sabo- challenged other countries to adopt carbon pric-
tage attempt by Ukrainian special forces at the ing as a key element of climate strategy. ™

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Week 48 01•December•2022 www. NEWSBASE .com P19