Page 18 - DMEA Week 48 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global of investigative measures, [the FSB] prevented an
(NRG), in which the reader is invited to join our attempt by Ukrainian special services to commit
team of international editors, as they provide a an act of sabotage and terrorism on the South
snapshot of some of the key issues affecting their Stream gas pipeline supplying energy resources
regional beats. We hope you will like NRG’s new to Turkey and Europe,” the state agency said.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Biden announces tighter methane
as before. rule for US operators
The Biden administration has unveiled a pro-
AfrOil: Eco Atlantic strikes out offshore posed tighter methane rule for the oil and gas
South Africa at Gazania-1 sector as the US races to cut greenhouse gas
UK-based Eco (Atlantic) Oil & Gas said it had (GHG) emissions. Methane, the major com-
not found any crude oil or natural gas in the ponent of natural gas and which can leak from
Gazania-1 exploration well at Block 2B offshore pipelines, is an especially potent greenhouse gas.
South Africa in the Orange basin. The company
said it had sunk Gazania-1 to the target depth LatAmOil: EPA imposes new permitting
of 2,360 metres after spudding it on October 10. requirement on USVI refinery
The US Environmental Protection Agency has
AsianOil: Indonesia set to decommission informed Port Hamilton Refining and Transpor-
first offshore platform tation (PHRT), the owner of the Limetree Bay
Indonesia’s Pertamina has decommissioned the Refinery near St. Croix in the US Virgin Islands,
country’s first offshore oil and gas platform, in that it may not resume oil-processing operations
co-operation with South Korean partners. Up- unless it first obtains a new comprehensive Clean
stream regulator SKK Migas reported that the Air Permit.
platform, formerly operated by Chevron at the
East Kalimantan-Attaka block off the coast of MEOG: PIF hires banks for ADES IPO
Balikpapan, would be decommissioned under a Saudi Arabia’s Public Investment Fund (PIF)
government-to-government partnership agree- is reported to have hired banks to lead the ini-
ment between Indonesia and South Korea. tial public offering (IPO) of drilling firm ADES
International on the Tadawul All Share Index
EurOil: Equinor, partners sign off on (TASI), the local stock exchange. Sources told
$1.4bn gas field development Reuters that JPMorgan, Goldman Sachs, SNB
Norway’s Equinor and its partners have signed Capital – the Saudi National Bank’s investment
off on a NOK14.8bn ($1.44bn) plan to develop arm – and Egypt’s EFG Hermes have been
an Arctic gas discovery off the country’s coast. selected as joint lead managers on the listing,
The discovery, Irpa, will yield around 20bn cubic which is set to attract more than $1bn next year.
metres of gas for export to Europe via the Aasta
Hansteen platform, which lies some 80 km east NorthAmOil: Following COP27, Canada
of the find. faces criticism for oil and gas stance
Though global delegates have left COP27 in
FSU OGM: FSB claims sabotage foiled at Sharm El Sheikh, the criticism of Canada’s
South Stream gas pipeline stance on fossil fuels is still sharp. Canada was
Russia’s Federal Security Service (FSB) reported lambasted by activists for refusing to sign a final
on November 24 that it had prevented a sabo- agreement to phase out oil and gas, but it also
tage attempt by Ukrainian special forces at the challenged other countries to adopt carbon pric-
“South Stream” gas pipeline. “As a result of a set ing as a key element of climate strategy. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

P18 www. NEWSBASE .com Week 48 01•December•2022