Page 15 - GLNG Week 47 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Russian fossil fuel exports slump in
(NRG), in which the reader is invited to join October
our team of international editors, who provide a Russian fossil fuel exports slumped in October
snapshot of some of the key issues affecting their to their lowest level since the start of Moscow’s
regional beats. We hope you will like NRG’s new invasion of Ukraine, a Finnish think-tank has
concise format, but by clicking on the headline link estimated. Revenues came to €21bn ($22bn)
for each section the full text will be available as in October, Finland’s Centre for Research on
before. Energy and Clean Air (CREA) said in research
published on November 16.

AfrOil: Eni, CNOOC submit bids for six blocks GLNG: African NGOs call for suspension of
offshore Mozambique Tema LNG project in Ghana
Mozambique’s sixth licensing round has A group of African non-governmental organi-
attracted a total of six bids, with Italy’s Eni sations (NGOs) has called for the suspension of
making an offer for one offshore block in the the Tema LNG project in Ghana, arguing that the
Angoche basin and China National Offshore deal could end up costing the country $1.5bn, as
Operating Corp. (CNOOC) making offers for government officials have noted that there is no
five blocks in the Angoche and Save basins, the immediate demand for the natural gas that will
National Petroleum Institute (INP) has said. In be imported via the terminal. Tema LNG, whose
a statement released on November 11, the final operator is backed by Helios Investment Partners
day of the licensing round, the institute noted of the UK and African Infrastructure Investment
that Eni had submitted one bid for A6-C, located Managers (AIIM) of the Netherlands, is key to
in the Angoche basin. Ghana’s plans to become a gas hub.
AsianOil: Petroleum Sarawak plans four gas LatAmOil: Suriname launches deepwater bid-
hubs over next decade ding round
The Malaysian state of Sarawak on the island Staatsolie Hydrocarbon Institute (SHI), a wholly
of Borneo intends to build four gas hubs across owned subsidiary of Suriname’s national oil
its territory over the next 10 years in accord- company Staatsolie, officially launched a new
ance with its Gas Roadmap. An investment of licensing round covering some 43,956 square
MYR65bn ($14.3bn) will be undertaken by km of deepwater acreage on the Demerara
state-owned oil and gas company Petroleum Sar- Plateau on November 8. In a statement, SHI
awak Berhad (Petros) to build gas hubs in Miri, reported that it was inviting both NOCs and
Samalaju, Bintulu and Kuching. international oil companies (IOCs) to submit
offers for the six blocks included in the Deme-
DMEA: Iranian petrochemical companies look rara Bidding Round.
upstream
A consortium of Iranian petrochemical compa- MEOG: POGC to drill more South Pars wells
nies has commenced the process of developing Iran’s state-owned Pars Oil and Gas Co. (POGC)
three natural gas fields in Iran. This is the first said this week that it is planning to drill 35 new
time in the history of the country’s hydrocar- wells to support efforts to maintain and expand
bon industry that a petrochemical company gas production from the South Pars gas field.
has taken such a step, the secretary-general of Speaking to the Ministry of Petroleum’s Shana
the Iranian Petrochemical Industry Employ- news agency, Shobeir Nabavi, POGC’s deputy
ers Association, Ahmad Mahdavi Abhari, was head of Reservoir Operations Engineering, said
quoted by local media agencies as saying. the company has obtained the necessary permits
from the ministry to spud 35 new wells at the field
EurOil: Norwegian producers expand investments within the next two or three years.
amid high prices, tax incentives
Norwegian oil and gas companies have increased NorthAmOil: Biden announces tighter methane
their projections for investment in 2022, eager to rule for US oil and gas industry
exploit the remaining time available for projects to The Biden administration has unveiled a pro-
receive tax incentives, the country’s statistics office posed tighter methane rule for the oil and gas
said on November 17. Producers are now expected sector as the US races to cut GHG emissions.
to invest NOK175.3bn ($17.4bn) in the country’s Methane, the major component of natural gas
offshore oil and gas fields this year, versus an August and which can leak from pipelines, is an espe-
forecast of NOK172.8bn. cially potent greenhouse gas..

Week 47 24•November•2022 www. NEWSBASE .com P15