Page 19 - AfrOil Week 41 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global presidential decree introduced at the end of June,
(NRG), in which the reader is invited to join our under which Russia transferred all rights and
team of international editors, as they provide a obligations of the consortium managing the
snapshot of some of the key issues affecting their Sakhalin-2 project to a Russian entity.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Kinder Morgan sells half of its
link for each section the full text will be available stake in Elba Island LNG
as before. Kinder Morgan has closed the sale of a 25.5%
interest in the Elba Liquefaction Co. (ELC) joint
AsianOil: EIG vehicle snaps up stakes in venture, which operates a natural gas liquefac-
Australian LNG projects for $2.15bn tion plant on Elba Island in Georgia. The stake,
MidOcean Energy, backed by the US private which represents half of Kinder Morgan’s interest
equity group EIG, will acquire Tokyo Gas’ inter- in ELC, went to an undisclosed buyer for around
ests in four integrated Australian LNG projects $565mn.
for $2.15bn in cash. The assets – Gorgon LNG,
Ichthys LNG, Pluto LNG and Queensland Curtis LatAmOil: Staatsolie confirms plans for
LNG – lie off Australia’s east and west coasts and deepwater auctions in Q4-2022
are major suppliers of LNG to Asian natural gas Suriname’s national oil company (NOC) Staat-
markets. solie has confirmed that it still intends to launch
a licensing round for deepwater acreage by the
DMEA: UAE’s retail fuel consumption up end of 2022. Representatives of the company
The UAE is seeing retail fuel consumption grow reported at the Guyana Basins Summit (GBS)
on the back of improvements in the economy, 2022 that Staatsolie would be kicking off the
but without returning to the level that pre- licensing round before the end of the fourth
vailed before the coronavirus (COVID-19) quarter of this year.
pandemic, according to Saif Humaid Al Falasi,
the group CEO of Emirates National Oil Co. MEOG: NewMed, Capricorn plan merger
(ENOC). Speaking to Khaleej Times, Al Falasi NewMed Energy will merge with UK-based
noted that Emirati fuel markets had not yet fully Capricorn Energy in a shares-plus-cash deal that
recovered from the blows sustained in 2020. combines a wealth of gas-rich assets around the
Mediterranean. The agreement will see share-
EurOil: EU members still fail to make holders in Capricorn (formerly Cairn Energy)
headway on gas price cap proposal receive a special dividend of $620mn, and the
EU leaders convened once more on October new entity will be listed under NewMed (for-
7 to discuss the introduction of a price cap on merly Delek Drilling), whose shareholders will
natural gas imports, but once more, member hold 89.7% of the new company.
states failed to decide on what form the measure
would take. Ahead of the summit, a majority of NorthAmOil: Suncor to offload wind, solar
EU countries asked the European Commission assets in shift in energy transition focus
to propose the gas prices. Leading oil sands producer Suncor Energy has
agreed to sell its wind and solar assets to ATCO-
FSU OGM: Russia seizes Sakhalin-1 owned Canadian Utilities for CAD730mn
Russian President Vladimir Putin on October ($527mn). The company has said it will shift its
7 ordered the seizure of the ExxonMobil-led focus to areas more complementary to its core
Sakhalin-1 oil project, signing a decree that business, such as hydrogen and renewable fuels,
establishes a new operator. It follows a similar in line with previous announcements. ™

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Week 41 13•October•2022 www. NEWSBASE .com P19