Page 18 - AfrOil Week 05 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Russian billionaire Mikhail Fridman’s LetterOne
(NRG), in which the reader is invited to join our business, Wintershall Dea has become the latest
team of international editors, as they provide a international oil company to decide to leave Rus-
snapshot of some of the key issues affecting their sia amid fallout from the invasion of Ukraine.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Pakistan looks to sell LNG sites
link for each section the full text will be available to Qatar
as before. Sources in Islamabad have indicated that the
government of Prime Minister Mian Muham-
AsianOil: Indonesia misses oil and gas mad Shehbaz Sharif is preparing to sell two of the
production targets in 2022 nation’s LNG-fired power plants to the govern-
Indonesia missed its target for oil and gas pro- ment of Qatar. The sale is thought to be part of a
duction last year as a result of unscheduled bid by Islamabad to dodge responsibility for the
facility closures and declining flow from mature non-payment of government debts, while also
fields, upstream regulator SKK Migas said on pulling in much-needed foreign capital. To date,
January 18. But upstream investment is said to no formal confirmation of this has been made.
be on the rise, it said.
LatAmOil: T&T wins two-year waiver for
DMEA: Angola and Zambia boost ties joint gas project with Venezuela
Angola and Zambia have finished bilateral talks Keith Rowley, the prime minister of Trinidad and
on infrastructure deals that could lead to pro- Tobago, revealed that US authorities have agreed
gress on a cross-border pipeline. Zambian Pres- to let his country proceed with the development
ident Hakainde Hichilema said he was “aware of Dragon, a natural gas field offshore Venezuela.
that a number of agreements have been signed Some sources have reported that Venezuela’s
by the two countries in this regard and despite national oil company (NOC) PdVSA will serve
some of these being signed under the previous as operator of the project, which targets a section
government, ours is to pick up where they left off of the maritime boundary line between Trinidad
and ensure that these projects are implemented.” and Tobago and Venezuela.

EurOil: Equinor hails Norway’s first MEOG: OQ outlines plans for Abraj IPO
hydrocarbon discovery of the year Omani state oil firm OQ plans to sell up to 49%
Norway’s Equinor has hailed the country’s first of its Abraj Energy Services drilling arm in an
hydrocarbon discovery of the year, noting that initial public offering (IPO) on the Muscat Secu-
the new reserves could be tied into another rities Market (MSX). Documents posted on the
nearby field that is already slated for develop- Abraj website said the subscription period would
ment. Equinor and its partners Wintershall begin in February ahead of a March listing.
Dea (Germany) and Petoro (Norway) made the
commercial gas discovery at Production Licence NorthAmOil: Hess to focus in 2023 on
1128 in the Norwegian Sea, assessing its size at Bakken shale play
12.6-69.2mn barrels of oil equivalent (boe). Hess will focus more than 80% of its $3.7bn cap-
ital and exploration budget in 2023 on a four-rig
FSU OGM: Wintershall Dea quits Russia drilling programme in the Bakken shale and on
Germany’s Wintershall Dea has announced it development in Guyana. Net production in the
will exit Russia, noting that continuing its oper- Bakken is forecast to average 165,000-170,000
ations in the country had become impossible. barrels of oil equivalent per day (boepd), said
Owned by German chemicals giant BASF and the New York-based independent. ™

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P18 www. NEWSBASE .com Week 05 02•February•2023