Page 18 - DMEA Week 43 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the nearly three decades that the US major has
(NRG), in which the reader is invited to join our been working in the country. The company
team of international editors, as they provide a entered Russia in 1995, securing operatorship of
snapshot of some of the key issues affecting their the Sakhalin-1 oil and gas project in the Russian
regional beats. We hope you will like NRG’s new Far East.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Mozambique expects to dispatch
as before. first LNG export by end of October
Mozambique is on track to export its first LNG
AfrOil: Museveni defends Uganda’s oil cargo from the Coral field, located off the coast
development plans of the country’s northernmost Cabo Delgado
Uganda’s President Yoweri Museveni has said province, by the end of October. Mozambique’s
that his government is committed to reaching Finance Minister Max Tonela said: “We hope
carbon neutrality by 2050 but does not expect that before the end of October the first export of
fossil fuel consumption to stop completely LNG produced by Mozambique will take place.”
within the next few decades. In a speech at a cli-
mate summit in Johannesburg, Museveni said LatAmOil: Guyana to reserve offshore
his country was on track to cut net carbon emis- blocks for bilateral partnerships
sions down to zero by the middle of the century. Guyana’s President Irfaan Ali has said that his
government intends to set some sections of the
AsianOil: Woodside achieves profit record country’s offshore zone aside for partnerships
amid high gas price with other countries under bilateral accords
Australia’s biggest oil and gas producer rather than including them in competitive
Woodside Energy achieved record output and licensing rounds. Speaking at a press conference,
sales in the third quarter, thanks to soaring gas Ali said that Georgetown intended to dispose of
prices and the wrap-up of its merger with BHP’s a number of unassigned blocks in this fashion.
petroleum division. The LNG exporter also
raised its output guidance after its $40bn tie-up MEOG: Gaza nears deal for offshore
with BHP’s petroleum business was completed exploration
in June. Following the recent maritime delimitation
agreement between Israel and Lebanon, the
EurOil: Will Europe’s energy supply be Palestinian Authority (PA) appears close to an
enough to make it through the winter? upstream development deal offshore the Gaza
Europe has filled its gas storage facilities to nearly Strip. Egypt’s Petroleum and Mineral Resources
95% of capacity, and while gas prices are still very Minister Tarek El-Molla held talks with Palestin-
high, they are substantially down from previ- ian Prime Minister Muhammed Shtayyeh and
ous spikes. How the continent’s energy system Israeli representatives to pursue the development
will fare this winter, however, will depend on of the Gaza Marine gas field.
a number of factors, many of which are highly
unpredictable. NorthAmOil: Continental to be acquired by
Hamm family in sweetened $4.3bn deal
FSU OGM: ExxonMobil confirms abrupt Shale producer Continental Resources will
Russian exit, saying assets expropriated merge with Omega Acquisition, an Oklahoma
ExxonMobil confirmed to multiple news agen- corporation owned by Continental’s founder,
cies on October 17 that it had had its assets in Harold Hamm. The company, one of the largest
Russia expropriated, marking an abrupt end to US independents, will become private. ™

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P18 www. NEWSBASE .com Week 43 27•October•2022