Page 12 - NorthAmOil Week 38 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Russian oil and gas revenues
(NRG), in which the reader is invited to join dip in August
our team of international editors, who provide a Russia’s earnings from energy exports slumped
snapshot of some of the key issues affecting their to a 14-month low in August, as the coun-
regional beats. We hope you will like NRG’s new try continues discounting its oil supplies to
concise format, but by clicking on the headline link Asia that it has diverted away from Europe.
for each section the full text will be available as The country’s energy income amounted to
before. RUB672bn last month, or $11.1bn, marking the
lowest volume since June 2021, according to the
AfrOil: UNOC sees EACOP financing Russian finance ministry.
wrapped up soon
A representative of Uganda National Oil Co. GLNG: Woodside signs binding supply
(UNOC) has said that the East Africa Crude agreements with Commonwealth LNG
Oil Pipeline (EACOP) consortium expects to A Woodside Energy subsidiary, Woodside
wrap up arrangements for funding its $4bn Energy Trading Singapore, has converted its
project by the end of November. According to non-binding heads of agreement deals with the
Peter Muliisa, UNOC’s chief legal and corpo- US’ Commonwealth LNG into two binding sale
rate affairs officer, the group is still in the pro- and purchase agreements. The SPAs cover the
cess of negotiating with the banks prepared to supply of up to 2.5mn tonnes per year of LNG
help finance the pipeline, which will pump oil over a 20-year period from Commonwealth’s
from fields in western Uganda to the Indian proposed export terminal in Louisiana, on the
Ocean. US Gulf Coast.

AsianOil: Australia awards permits for eval- LatAmOil: Trinidad and Tobago’s PM seeks
uation of CCS opportunities more leverage over gas strategy
The Australian government has awarded per- Keith Rowley, the prime minister of Trinidad
mits for companies to undertake evaluation and and Tobago, wants his country’s government to
appraisal work for the potential storage of car- have more say in decisions about exploration,
bon dioxide (CO2) in the country’s waters. On production and development strategies in the
September 5, Santos announced that it had been natural gas sector. Speaking after a meeting with
awarded permits G-9-AP and G-11-AP to pur- several of the biggest investors in Trinidad and
sue carbon capture and storage opportunities in Tobago’s gas industry, Rowley noted that the gas
the Carnarvon and Bonaparte basins, offshore sector was facing significant challenges.
Western Australia, alongside its joint venture
partners. MEOG: Iraq to begin offshore search
Iraq will shortly sign off on a contract to ena-
DMEA: Iran offers to complete gas pipeline ble work to begin on the first surveys within
to Pakistan the country’s limited offshore area as Baghdad
Mohammed Ali Hosseini, the Iranian ambas- seeks to add to reserves and maintains drilling
sador to Pakistan, said last week that Iran’s gov- momentum onshore. Quoted by the Ministry of
ernment was prepared to complete a natural gas Oil’s website and the Iraqi News Agency (INA),
pipeline to neighbouring Pakistan as part of a Oil Minister Ihsan Abdul Jabbar stressed the
wider effort to expand ties in the energy sector. importance of the surveys, noting that “expecta-
“To further strengthen trade co-operation with tions and studies indicate that [the area] contains
Pakistan, completion of energy projects, espe- hydrocarbons”.
cially the Pak-Iran gas pipeline, remains vital,”
he told the Associated Press of Pakistan in an NorthAmOil: Tamarack Valley to become
interview. largest Clearwater producer with Deltas-
tream acquisition
EurOil: Shell CEO to step down at year-end Tamarack Valley Energy has agreed to acquire pri-
Shell CEO Ben van Beurden will step down vately held Deltastream Energy for CAD1.43bn
from his post at the end of 2022 after a nine- ($1.07bn). The acquisition will make Tamarack
year stint, with a company veteran due to take the largest producer in Northern Alberta’s Clear-
his place. Van Beurden oversaw the company water heavy oil play, where activity has been
through its transformational acquisition of booming.
BG Group in 2016, greatly expanding its LNG
business, and the subsequent sale of some See the archive and sign up to receive NRG Editor’s
$30bn of non-core assets. Picks for free by email each week here.™

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