Page 16 - LatAmOil Week 44 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global rejected, describing it as an attempt to distract
(NRG), in which the reader is invited to join from Russian military setbacks in Ukraine.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSU OGM: Japan reportedly seeks to
regional beats. We hope you will like NRG’s new remain at Sakhalin-1
concise format, but by clicking on the headline Japan’s government has said it intends to remain
link for each section the full text will be available involved in the previously ExxonMobil-led
as before. Sakhalin-1 oil and gas project, Nikkei reported
on October 31, in order to safeguard its energy
AfrOil: Somalia green-lights Coastline’s security. ExxonMobil until recently had a 30%
exploration plans interest in Sakhalin-1, but announced its inten-
US-based Coastline Exploration secured a green tion to withdraw from the project in March
light from the Federal Government of Somalia following the launch of Russia’s invasion of
for exploration work covering seven offshore Ukraine.
deepwater blocks. Coastline had signed produc-
tion-sharing agreements (PSAs) for all seven GLNG: Philippines prepares for entry into
blocks this February with Abdirashid Mohamed LNG sector
Ahmed, then serving as Somalia’s Minister of The Philippines will next year mark its entry into
Petroleum and Mineral Resources. the world of LNG with the opening of three LNG
terminals that will enable the country to reduce
AsianOil: Jadestone drops plans to buy carbon output in line with its green energy goals
OMV’s stake in Maari field and also to replace natural gas that now comes
Austria’s OMV has dropped plans announced in from the Philippines’ dwindling Malampaya
2019 to divest its 69% interest in the Maari field gas field, which will be depleted by 2027. The
off the coast of New Zealand to Asia-focused three regasification terminals will be operated
Jadestone Energy because of regulatory delays. by Singapore-based Atlantic, Gulf and Pacific
Jadestone said it had engaged with OMV follow- (AG&P), the Philippines’ First Gen Corpora-
ing changes to New Zealand’s upstream regula- tion and Energy World Corporation, which is
tory framework at the end of last year. Australia-listed.

DMEA: Saudi Kayan moves from profit to MEOG: Energean delivers first gas from
loss in Q3 2022 Karish field
Jubail-based Saudi Kayan Petrochemical Co. London-listed explorer Energean this week
sustained a loss in the third quarter of 2022 delivered first gas from the Karish field offshore
after operating in the black in the same period Israel through its Energean Power floating pro-
of 2021. In a statement, the company said it lost duction, storage and offloading unit. Gas began
SAR812.27mn ($216.15mn) between July and to flow the day after Israel gave the go-ahead after
September, marking its largest quarterly loss years of preparation, planning and controversy.
since its initial stock exchange listing on Octo-
ber 1, 2011. NorthAmOil: Teck to sell share of Fort Hills
oilsands project to Suncor for $737mn
EurOil: Russia accuses UK of blowing up Canadian miner Teck Resources will sell its
Nord Stream pipelines stake in the Fort Hills oil sands project to Suncor
Russia’s defence ministry has accused British Energy for CAD1bn ($737mn). Teck said it is
Navy personnel of blowing up the Nord Stream shifting its focus to copper in an effort to reduce
pipelines – a claim that the UK government has its involvement in carbon. ™

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P16 www. NEWSBASE .com Week 44 02•November•2022