Page 14 - AfrOil Week 37 2022

AfrOil NEWSBASE’S ROUNDUP GLOBAL (NRG) AfrOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Equinor finishes exit from Rus-
(NRG), in which the reader is invited to join sia
our team of international editors, who provide a Norway’s Equinor has completed its withdrawal
snapshot of some of the key issues affecting their from Russia’s oil industry with the sale of its
regional beats. We hope you will like NRG’s new entire holding in the Kharyaga oil project in the
concise format, but by clicking on the headline link country’s far north. Equinor announced in May
for each section the full text will be available as it had transferred shares in four joint ventures in
before. Eastern and Western Siberia to its state-owned
partner Rosneft, while disclosing terms.
AfrOil: Eni acquires BP’s upstream Algeri-
an assets GLNG: Peru LNG sends three cargoes to
Italy’s Eni has reached agreement with BP UK in August
(UK) on the acquisition of the latter company’s Peru LNG, the operator of a natural gas lique-
upstream assets in Algeria. In a statement, Eni faction plant and export terminal in Pampa
said it expected the deal to help it gain access Melchorita, resumed exports in August follow-
to additional natural gas reserves that could ing a planned shutdown for maintenance in July.
be used to supply European markets, while According to Peru’s national oil company Peru-
also expanding its own business operations in petro, the Peru LNG consortium loaded a total of
Algeria. 174,497 tonnes of LNG in the month of August.

AsianOil: Australia awards permits for eval- LatAmOil: Petrobras considers offering
uation of CCS opportunities CCS services to third parties
The Australian government has awarded per- Brazil’s national oil company is looking into the
mits for companies to undertake evaluation and possibility of broadening the scope of its carbon
appraisal work for the potential storage of car- capture and storage programme and may begin
bon dioxide (CO2) in the country’s waters. On offering services to third parties, a Petrobras rep-
September 5, Santos announced that it had been resentative has said. Currently, Petrobras’ CCS
awarded permits G-9-AP and G-11-AP to pur- programmes are inwardly focused, designed
sue carbon capture and storage opportunities in primarily to reduce the carbon intensity of the
the Carnarvon and Bonaparte basins, offshore company’s own upstream operations, especially
Western Australia, alongside its joint venture at deepwater and ultra-deepwater pre-salt fields
partners. in Brazil’s offshore zone.

DMEA: Italy receives first cargo of Kuwaiti MEOG: OPEC+ makes a cut
ULSD The OPEC+ group of oil producers last week
Kuwait Petroleum International (KPI), a down- met to decide their next production quotas,
stream subsidiary of Kuwait Petroleum Corp. electing to row back on last month’s increase in
(KPC), has delivered its first batch of ultra-low- the wake of falling prices and demand concerns.
sulphur diesel fuel to Italy. In a statement, KPI As expected, the 100,000 barrel per day uptick
reported that the shipment had reached its depot added in August was removed again on Septem-
in Naples. ber 6, with the group saying it would meet again
on October 5.
EurOil: EU energy ministers clash over
Russian gas price cap proposal NorthAmOil: EQT announces $5.2bn Ap-
EU member states have clashed over the palachian acquisition
European Commission’s proposal to place Shale gas producer EQT said this week that it had
a price cap on Russian gas supplies, casting entered into an agreement with THQ Appalachia
doubt on whether the measure will be imple- I and THQ-XcL Holdings I to acquire Tug Hill’s
mented. The bloc’s 27 energy ministers met upstream operations and XcL’s midstream gath-
on September 9 to discuss a package of EC ering and processing assets. In total, EQT will pay
proposals aimed at depriving Moscow of rev- $5.2bn for the assets.
enues to fund its war in Ukraine, and ease
soaring energy costs for EU households and See the archive and sign up to receive NRG Editor’s
businesses. Picks for free by email each week here.™

P14 www. NEWSBASE .com Week 37 15•September•2022