Page 17 - LatAmOil Week 40 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Stream 1 and 2, which run from Russia to Ger-
(NRG), in which the reader is invited to join many, sustained four leaks on September 26, and
our team of international editors, who provide a Moscow and various European governments
snapshot of some of the key issues affecting their believe that sabotage was likely the cause.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Enel wraps up Russian sale to
link for each section the full text will be available Lukoil, local fund
as before. President Vladimir Putin authorised Italy’s Enel
to sell a majority share in its Russian unit to oil
AfrOil: Gasoline subsidies called main major Lukoil and investment fund Gazprom-
driver of Nigerian public debt bank-Frezia in a decree issued on September
Patience Oniha, the director-general of Nige- 30. The deal has been complicated by a previ-
ria’s Debt Management Office (DMO), has said ous decree issued in August, which bars foreign
that domestic gasoline subsidies are the primary firms from closing sales of their assets without
cause of the ongoing rise in public debt. Speaking Putin’s direct approval.
at a presentation on budgeting and fiscal trans-
parency at the Army Resource Centre in Abuja, GLNG: RWE, ADNOC sign documents on
Oniha explained that Nigeria’s public debts were LNG supplies
being driven upward by budget deficits. Germany’s RWE revealed on September 25
that it had signed documents with Abu Dhabi
AsianOil: PNG offers Japan priority access National Oil Co. (ADNOC) of the UAE on LNG
to new gas fields, LNG projects supplies. One of the documents is an agreement
Papua New Guinea is offering Japanese com- that provides for ADNOC to make its first com-
panies priority access to invest in new gas fields mercial delivery of LNG to Germany.
and LNG projects as part of ongoing trade talks
between the two countries focused on energy MEOG: First deal signed for Qatar’s North
security, PNG Prime Minister James Marape Field South
said on September 27. According to Marape, TotalEnergies (France) has been named as
Kishida stressed Japan’s need for increased secu- QatarEnergy’s first international partner for
rity and was eager to expand bilateral trade. an expansion project at its key North Field gas
asset. North Field South (NFS) will comprise
DMEA: Oil begins flowing to Karbala two LNG trains with a combined capacity of
refinery in Iraq 16mn tonnes per year (tpy), taking the country’s
Iraq’s Oil Ministry said on September 25 that the overall export capacity to 126mn tpy by 2027.
Karbala refinery had begun receiving feedstock
in preparation for trial production. Oil is now NorthAmOil: TotalEnergies unveils plan to
flowing to the 140,000 barrel per day (bpd) plant spin off oil sands operations
through a pipeline that originates in fields near France’s TotalEnergies has unveiled plans to
Basra, the ministry noted in a statement. spin off its oil sands operations in Canada into a
new company, as those assets do not align with
EurOil: Norway to patrol seas near oil, gas its energy transition goals. The spin-off would
assets include TotalEnergies’ 24.58% stake in Suncor
Norway will co-ordinate patrols of the waters Energy’s Fort Hills oil sands mining project in
around its oil and gas platforms with the UK, northern Alberta, its 50% stake in ConocoPhil-
Germany and France, following suspected sab- lips’ Surmont thermal project and midstream
otage at the Nord Stream 1 and 2 pipelines. Nord and trading-related activities. ™

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.

Week 40 05•October•2022 www. NEWSBASE .com P17