Page 17 - DMEA Week 04 2023

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global and Russian billionaire Mikhail Fridman’s Let-
(NRG), in which the reader is invited to join terOne business, Wintershall Dea has become
our team of international editors, who provide a the latest international oil company to decide to
snapshot of some of the key issues affecting their leave Russia amid fallout from Moscow’s inva-
regional beats. sion of Ukraine.
By clicking on the headline link for each sec-
tion the full text will be available. GLNG: Pakistan to sell LNG sites to Qatar
Sources in Islamabad have indicated that the
AfrOil: UKEF gets ok to fund Moz LNG government of Prime Minister Mian Muham-
Friends of the Earth, an international environ- mad Shehbaz Sharif is preparing to sell two of
mental group, has failed to overturn a lower the nation’s LNG-fired power plants to the gov-
court ruling green-lighting the UK’s plan to ernment of Qatar.
provide funding for the Mozambique LNG The sale is thought to be part of a bid by
project. Islamabad to dodge responsibility for the
The non-governmental organisation (NGO) non-payment of government debts, at the same
has been seeking to prevent UK Export Finance time as pulling in much sought-after foreign
(UKEF), the British government’s export credit capital, although to date no such formal confir-
agency, from upholding a pledge to provide up mation to this end has been announced.
to $1.15bn in funding for Mozambique LNG.
LatAmOil: Whiptail oilfield identified
AsianOil: Indonesia misses 2022 target ExxonMobil Guyana, a subsidiary of the US
Indonesia missed its target for oil and gas pro- super-giant ExxonMobil, has named the Whip-
duction last year as a result of unscheduled tail oilfield as the main target of its sixth devel-
facility closures and declining flow from mature opment project at the Stabroek block.
fields, upstream regulator SKK Migas said on According to a notice from Guyana’s Envi-
January 18. ronmental Protection Agency, the company
But upstream investment is said to be on the has asked to begin the authorisation process for
rise, it said. work at Whiptail.

EurOil: Equinor hails year’s first discovery MEOG: Masirah completes Oman drilling
Norway’s Equinor has hailed the country’s first Masirah Oil Ltd (MOL) has completed a two-
oil and gas discovery of the year, noting it can be well drilling campaign that started in its Block
tied to another nearby field set for development. 50 concession offshore Oman late last year.
Equinor and its partners Wintershall Dea The drilling work comprised workover drill-
and Petoro made the commercial gas discovery ing at the Yumna-3 well and the drilling of the
at production licence 1128 in the Norwegian Yumna-4 well.
Sea, assessing its size at somewhere between
12.6 and 69.2mn barrels of oil equivalent. NorthAmOil: Beaumont to launch
ExxonMobil will soon launch a $2bn refinery
FSUOGM: Wintershall Dea departs Russia expansion in Beaumont, on the Gulf Coast of
Germany’s Wintershall Dea has announced it Texas, reports Reuters.
will exit Russia, noting that continuing its oper- The move will sharply boost gasoline and
ations in the country had become impossible. diesel output at the plant and make the refinery
Owned by German chemicals giant BASF the second largest in the US.™

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