Page 13 - NorthAmOil Week 40 2022
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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.™







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