Page 18 - EurOil Week 41 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global shareholders can retain their interests in
(NRG), in which the reader is invited to join the projects.
our team of international editors, who provide a
snapshot of some of the key issues affecting their GLNG: Kinder Morgan Sells Half Its Stake
regional beats. We hope you will like NRG's new In Elba Island LNG
concise format, but by clicking on the headline Kinder Morgan announced on September 27
link for each section the full text will be available that it had closed the sale of a 25.5% inter-
as before. est in the Elba Liquefaction Co. (ELC) joint
venture, which operates a liquefaction plant
AfrOil: DR Congo Rejects US Request To on Elba Island in Georgia. The stake, which
Scale Back Onshore Licensing Round represents half of Kinder Morgan’s interest in
The Democratic Republic of Congo (DRC) ELC, has been sold to an undisclosed buyer
has rejected a request from US climate envoy for around $565mn.
John Kerry to reduce the number of blocks
included in its current onshore licensing LatAmOil: Staatsolie Confirms Plans For
round from 30 to 24, Environment Minister Deepwater Auctions In Q4-2022
Eve Bazaiba revealed on October 5. Staatsolie, the national oil company (NOC)
of Suriname, has confirmed that it still
AsianOil: EIG Vehicle Snaps Up Stakes In intends to launch a licensing round for
Australian LNG Projects For $2.15bn deepwater acreage before the end of this
MidOcean Energy, backed by US private year.
equity group EIG, has struck a deal to ac- Representatives of the company made
quire Tokyo Gas’ interests in four integrat- statements to this effect at the Guyana
ed Australian LNG projects for $2.15bn in Basins Summit (GBS) 2022. At the confer-
cash, EIG said in a statement on October 7. ence, they reported that Staatsolie would be
The projects – Gorgon LNG, Ichthys LNG, kicking off the licensing round before the
Pluto LNG and Queensland Curtis LNG end of the fourth quarter of 2022.
– are situated on Australia’s east and west
coasts and are major suppliers of LNG to MEOG:NewMed, Capricorn Merger
Asian markets. NewMed Energy announced this week
that it would merge with UK-based Cap-
DMEA: UAE’s Retail Fuel Consumption Up ricorn Energy in a shares-plus-cash deal
The UAE is seeing retail fuel consump- that combines a wealth of gas-rich assets
tion grow on the back of improvements in around the Mediterranean.
the economy, but without returning to the The agreement will see shareholders in
level that prevailed before the coronavirus Capricorn – formerly Cairn Energy – receive
(COVID-19) pandemic, according to Saif a special dividend of $620mn and the new
Humaid Al Falasi, the group CEO of Emir- entity will be listed under NewMed – for-
ates National Oil Co. (ENOC). merly Delek Drilling – whose shareholders
will hold an 89.7% stake in the new “MENA
FSUOGM: Russia Seizes Sakhalin-1 Oil And gas and energy champion”.
Gas Project
Russian President Vladimir Putin on NorthAmOil: Suncor To Offload Wind, Solar
October 7 ordered the seizure of the Exx- Assets In Shift In Energy Transition Focus
onMobil-led Sakhalin-1 oil project, sign- Leading oil sands producer Suncor Energy
ing a decree that establishes a new operator said on October 5 that it had agreed to
to manage the development. sell its wind and solar assets to ATCO- See the archive and
It follows a similar presidential decree owned Canadian Utilities for CAD730mn sign up to receive
introduced at the end of June, under ($527mn). *NRG Editor’s Picks*
which Russia transferred all rights and In a statement, the company said it for free by email each
obligations of the consortium managing would shift its focus to areas that were more week here
the Sakhalin-2 project to a Russian entity. complementary to its core business, such as
Both decrees give the Russian govern- hydrogen and renewable fuels, in line with
ment authority to decide whether foreign previous announcements.

P18 www. NEWSBASE .com Week 41 15•October•2022