Page 18 - LatAmOil Week 04 2023

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global new reserves could be tied into another nearby
(NRG), in which the reader is invited to join field that is already slated for development.
our team of international editors, who provide a Equinor and its partners Wintershall Dea (Ger-
snapshot of some of the key issues affecting their many) and Petoro (Norway) made the commer-
regional beats. We hope you will like NRG’s new cial gas discovery at Production Licence 1128 in
concise format, but by clicking on the headline the Norwegian Sea, assessing its size at some-
link for each section the full text will be available where between 12.6mn and 69.2mn barrels of
as before. oil equivalent (boe).

AfrOil: London court gives UKEF green FSU OGM: Wintershall Dea quits Russia
light to fund Mozambique LNG Germany’s Wintershall Dea has announced it
Friends of the Earth, an international environ- will exit Russia, noting that continuing its oper-
mental group, has failed to overturn a lower ations in the country had become impossible.
court ruling green-lighting the UK’s plan to pro- Owned by German chemicals giant BASF and
vide funding for the Mozambique LNG project. Russian billionaire Mikhail Fridman’s LetterOne
The non-governmental organisation (NGO) business, Wintershall Dea has become the latest
has been seeking to prevent UK Export Finance international oil company to decide to leave Rus-
(UKEF), the British government’s export credit sia amid fallout from the invasion of Ukraine.
agency, from upholding a pledge to provide up to
$1.15bn in funding for Mozambique LNG. GLNG: Pakistan looks to sell LNG sites
to Qatar
AsianOil: Indonesia misses oil and gas Sources in Islamabad have indicated that the
production targets in 2022 government of Prime Minister Mian Muham-
Indonesia missed its target for oil and gas pro- mad Shehbaz Sharif is preparing to sell two of
duction last year as a result of unscheduled the nation’s LNG-fired power plants to the gov-
facility closures and declining flow from mature ernment of Qatar. The sale is thought to be part
fields, upstream regulator SKK Migas said on of a bid to dodge responsibility for the non-pay-
January 18. But upstream investment is said to ment of government debts while also pulling in
be on the rise, it said. much-needed foreign capital. To date, the report
has not been confirmed.
DMEA: Angola and Zambia boost ties
Angola and Zambia have concluded bilat- MEOG: Masirah Oil Ltd completes
eral negotiations on infrastructure deals that Oman drilling
could bring long-awaited progress on a major Masirah Oil Ltd (MOL) has completed a two-
cross-border pipeline. Zambian President well drilling campaign that started in its Block 50
Hakainde Hichilema said he was “aware that a concession offshore Oman late last year. The pro-
number of agreements have been signed by the ject comprised workover drilling at the Yumna-3
two countries in this regard and despite some of well and the drilling of the Yumna-4 well.
these being signed under the previous govern-
ment, ours is to pick up where they left off and NorthAmOil: ExxonMobil prepares for
ensure that these projects are implemented.” $2bn refinery expansion in Texas
ExxonMobil will soon launch a $2bn refinery
EurOil: Equinor hails Norway’s first expansion in Beaumont, on the Gulf Coast of
hydrocarbon discovery of the year Texas, reports Reuters. The move will sharply
Norway’s Equinor has hailed the country’s first boost gasoline and diesel output at the plant and
oil and gas discovery of the year, noting that the make the refinery the second largest in the US. ™

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P18 www. NEWSBASE .com Week 04 25•January•2023