Page 13 - NorthAmOil Week 40 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Enel wraps up Russian sale to
(NRG), in which the reader is invited to join Lukoil, local fund
our team of international editors, who provide a President Vladimir Putin has given Italian energy
snapshot of some of the key issues affecting their utility Enel the green light to sell a majority share
regional beats. We hope you will like NRG’s new in its Russian unit to oil major Lukoil and invest-
concise format, but by clicking on the headline link ment fund Gazprombank-Frezia, according to a
for each section the full text will be available as presidential decree issued on September 30. The
before. deal’s completion has been complicated by a pre-
vious decree issued in August, which prohibits
AfrOil: Gasoline subsidies called main driv- foreign firms from closing the sale of their assets
er of Nigerian public debt without Putin’s direct approval.
Patience Oniha, the director-general of Nige-
ria’s Debt Management Office (DMO), said on GLNG: RWE signs documents with AD-
September 27 that domestic gasoline subsidies NOC on LNG supplies
were the primary cause of the ongoing rise in Germany’s RWE revealed on September 25
public debt. Speaking during a presentation on that it had signed documents with Abu Dhabi
budgeting and fiscal transparency at the Army National Oil Co. (ADNOC) of the UAE on LNG
Resource Centre in Abuja, Oniha explained that supplies. In a statement, RWE explained that
Nigeria’s public debts were being driven upward one of the documents was an agreement under
by budget deficits. which ADNOC would make its first commercial
delivery of LNG to Germany.
AsianOil: PNG offers Japan priority access
to new gas fields, LNG projects LatAmOil: Ecopetrol head says less Colom-
Papua New Guinea is offering Japanese compa- bian oil is going to Asia
nies priority access to invest in new gas fields Colombia’s national oil company Ecopetrol is
and LNG projects as part of ongoing trade sending a smaller share of its oil exports to Asia
talks between the two countries focused on this year, as competition for Asian market share
energy security, PNG Prime Minister James has ramped up in recent months, according to
Marape has said on September 27, according Felipe Bayon, the firm’s CEO. Bayon told Reuters
to Reuters. According to Marape, Kishida that Asia had absorbed about 60% of Ecopetrol’s
stressed Japan’s need for increased security exports in 2021.
and was eager to expand trade between the
two countries. MEOG: First deal signed for Qatar’s North
Field South
DMEA: Oil begins flowing to Iraq’s Karbala France’s TotalEnergies was this week named as
refinery state-owned QatarEnergy’s first international
Iraq’s Oil Ministry announced on September 25 partner for the upcoming southern expansion
that the Karbala refinery had begun receiving project at its key North Field gas asset. North
feedstock in preparation for trial production. Field South (NFS) will comprise two LNG trains
Oil is now flowing to the 140,000 barrel per day with a combined capacity of 16mn tonnes per
plant through a pipeline that originates in south- year, taking the tiny peninsular nation’s overall
ern Iraq, in fields near Basra, the ministry noted export capacity to 126mn tpy by 2027.
in a statement.
NorthAmOil: TotalEnergies unveils plan to
EurOil: Norway to patrol seas near oil, gas spin off oil sands operations
assets France’s TotalEnergies has unveiled plans to
Norway plans to co-ordinate patrols of seas spin off its oil sands operations in Canada into a
around its oil and gas platforms with the UK, new company, as those assets do not align with
Germany and France, following suspected sab- its energy transition goals. The spin-off would
otage at the Nord Stream 1 and 2 pipelines last include TotalEnergies’ 24.58% stake in Suncor
week, the country’s prime minister said on Sep- Energy’s Fort Hills oil sands mining project in
tember 30. Nord Stream 1 and 2, which run from northern Alberta, its 50% stake in ConocoPhil-
Russia to north Germany, sustained four leaks lips’ Surmont thermal project and midstream
on September 26, with Moscow and various and trading-related activities.
European governments concluding that sabo-
tage was likely the cause. See the archive and sign up to receive NRG Editor’s
Picks for free by email each week here.™

Week 40 06•October•2022 www. NEWSBASE .com P13