Page 19 - AfrOil Week 49 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global China has ramped up imports of Russian oil
(NRG), in which the reader is invited to join our despite the economic slowdown caused by strin-
team of international editors, as they provide a gent coronavirus (COVID-19) restrictions this
snapshot of some of the key issues affecting their year, taking advantage of the steep discount on
regional beats. We hope you will like NRG’s new Urals and other grades of Russian crude oil.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Bangladesh turns to Brunei for
as before. LNG supply
Bangladesh has turned to Brunei for supplemen-
AsianOil: India’s embrace of gas backfires tal supplies of LNG. A delegation of officials from
India has embraced natural gas in the last few Bangladesh’s Energy and Mineral Resource Divi-
years as a means of safeguarding its energy secu- sion has visited Brunei’s capital of Bandar Seri
rity at a low cost, even at the expense of its sub- Begawan to discuss shipments of up to 1.5mn
stantial domestic coal reserves. In the years prior tonnes during 2023.
to the aftermath of the coronavirus (COVID-19)
pandemic, this was a rational choice just on an LatAmOil: BP affiliate to market Guyanese
economic basis. oil in 2023
Guyana’s government has granted a subsidiary
DMEA: Kenyan insurer exits Ugandan oil of BP (UK) the right to market its share of crude
pipeline consortium oil extracted from the Liza-1 and Liza-2 oilfields
Nairobi-listed Britam Holdings has withdrawn at the offshore Stabroek block in 2023. The Min-
from a consortium of East African insurers pro- istry of Natural Resources announced that BP
viding coverage for a planned 1,443-km oil pipe- International had won the marketing contract
line in Uganda and Tanzania, saying the project for next year on November 24.
does not meet the standards of one of its backers,
a World Bank subsidiary. Britam’s decision came MEOG: Aramco makes gas discoveries
to light in early November. Majority state-backed Saudi Aramco has dis-
covered two new unconventional gas fields in
EurOil: Norway to delay further frontier the Kingdom’s Eastern Province as it steps up
licensing rounds until 2025 its production efforts. In comments provided to
As Europe grapples with soaring energy prices, the official Saudi Press Agency, Energy Minister
Norway, the continent’s biggest natural gas sup- Prince Abdulaziz bin Salman Al-Saud reported
plier, has decided to hold off on future licensing that the discoveries were called Awtad and
rounds in frontier zones until at least 2025. The Al-Dahna. The discoveries are understood to be
decision – made as part of a budget agreement tight gas.
between the minority government and the oppo-
sition Socialist Left (SV) party – will have little NorthAmOil: ExxonMobil, MHI to deploy
impact on near-term investment in Norway’s CO2 capture technology
continental shelf. ExxonMobil and Mitsubishi Heavy Industries
(MHI) have joined forces to deploy MHI’s CO2
FSU OGM: China stresses close energy capture technology as part of ExxonMobil’s end-
relationship with Russia to-end carbon capture and storage (CCS) solu-
China is eager to expand its partnership with tion for industrial customers. The companies
Russia in the energy sphere, Chinese President bring complementary capabilities to facilitate
Xi Jinping said last week, days before the EU is set industry decarbonisation projects, said Exxon-
to impose its embargo on Russian crude imports. Mobil. ™

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Week 49 08•December•2022 www. NEWSBASE .com P19