Page 15 - EurOil Week 36 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global preventing foreign companies from divest-
(NRG), in which the reader is invited to join ing shares in what are considered strategic
our team of international editors, who provide a enterprises.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: ZIM, Shell Sign 10-Year LNG Bun-
concise format, but by clicking on the headline kering Deal For New Container Ships
link for each section the full text will be available ZIM Integrated Shipping Services (Israel)
as before. has secured fuel supplies for 10 new
LNG-powered ships that are due to enter its
AfrOil: FAR Ltd Acquires Remaining 50% Of fleet in 2023-2024 under a long-term bun-
Gambian Blocks From Petronas kering contract with a subsidiary of Shell
Australia’s FAR Ltd has bought 50% stakes in (UK).
Block A2 and Block A5, located in The Gam- The Israeli company announced the
bia’s offshore zone, from its partner Petronas signing of the contract with Shell NA
(Malaysia), bringing its stake in both sites up LNG in a statement dated August 31. It
to 100%. The value of the deal has not been said the parties had finalised a sales and
made public. purchase agreement (SPA) with a term of
10 years. It put the value of the deal at
AsianOil: Santos Takes FID On Darwin Pipe- more than $1bn.
line Duplication Project
Australia’s Santos has taken a final invest- LatAmOil: Barbados Prepares To Offer All
ment decision (FID) to proceed with the 22 Open Offshore Blocks
Darwin Pipeline Duplication Project. The Barbados will offer all 22 available blocks in
scheme will extend the Barossa gas export its offshore zone to international oil compa-
pipeline to the Darwin LNG facility and nies (IOCs) in a bidding round in the fourth
allow for the repurposing of the Bayu-Un- quarter of this year, the Ministry of Energy
dan to Darwin pipeline that currently carries and Business Development has announced.
natural gas from offshore Timor-Leste to the The ministry went public with news
Santos-operated LNG plant. of the auctions just a few days before the
scheduled start of its 2022 Licensing Round
DMEA: ZIM, Shell Sign 10-Year LNG Bun- Roadshow, held at the AAPG Image 22 con-
kering Deal ference in Houston on August 30-Septem-
ZIM Integrated Shipping Services (Israel) ber 1.
has secured fuel supplies for 10 new
LNG-powered ships that are due to enter its MEOG: Novatek Leaves Lebanon
fleet in 2023-2024 under a long-term bun- Russia’s Novatek has withdrawn from a
kering contract with a subsidiary of Shell consortium that controls two Lebanese
(UK). licences, the latest in a string of disap-
The Israeli company announced the pointments and delays for Beirut as it
signing of the contract with Shell NA LNG looks to explore for resources offshore.
in a statement dated August 31. It said the Energy Minister Walid Fayad said that
parties had finalised a sales and purchase Novatek had cited “economic and financial
agreement (SPA) with a term of 10 years and [issues and] political risks” as its reasons for
put the value of the deal at more than $1bn. dropping its 20% stake in the consortium
with TotalEnergies of France and Eni of Italy,
FSUOGM: Unknown Dubai Firm Reportedly both of which own stakes of 40%.
Bids For Shell's Stake In Russian Oil Project
A little-known Dubai-based logistics com- NorthAmOil: Cheniere Outlines Further Ex-
pany called Wellnord is reportedly pre- pansion Plans For Corpus Christi LNG
pared to buy Shell’s 50% stake in its Salym Cheniere Energy intends to add further
Petroleum Development joint venture with capacity to its Corpus Christi LNG export
Russia’s Gazprom Neft, the Moscow-based terminal in Texas, beyond the 10mn tonne See the archive and
Kommersant newspaper reported on Sep- per year (tpy) expansion that is currently sign up to receive
tember 2. under construction at the plant. *NRG Editor’s Picks*
Shell vowed to withdraw from the Rus- The company has requested that the US for free by email each
sian oil industry in the wake of Moscow’s Federal Energy Regulatory Commission week here
invasion of Ukraine in late February, but (FERC) begin its National Environmen-
has had difficult offloading assets, espe- tal Policy Act (NEPA) prefiling review for
cially since Russian President Vladimir two additional midscale trains at Corpus
Putin issued a decree in early August Christi.

Week 36 10•September•2022 www. NEWSBASE .com P15