Page 17 - MEOG Week 04 2023

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global Equinor and its partners Wintershall Dea
(NRG), in which the reader is invited to join and Petoro made the commercial gas discovery
our team of international editors, who provide a at production licence 1128 in the Norwegian
snapshot of some of the key issues affecting their Sea, assessing its size at somewhere between
regional beats. 12.6 and 69.2mn barrels of oil equivalent.
By clicking on the headline link for each sec-
tion the full text will be available. FSUOGM: Wintershall Dea departs Russia
Germany’s Wintershall Dea has announced it
AfrOil: UKEF gets ok to fund Moz LNG will exit Russia, noting that continuing its oper-
Friends of the Earth, an international environ- ations in the country had become impossible.
mental group, has failed to overturn a lower Owned by German chemicals giant BASF
court ruling green-lighting the UK’s plan to and Russian billionaire Mikhail Fridman’s Let-
provide funding for the Mozambique LNG terOne business, Wintershall Dea has become
project. the latest international oil company to decide to
The non-governmental organisation (NGO) leave Russia amid fallout from Moscow’s inva-
has been seeking to prevent UK Export Finance sion of Ukraine.
(UKEF), the British government’s export credit
agency, from upholding a pledge to provide up GLNG: Pakistan to sell LNG sites to Qatar
to $1.15bn in funding for Mozambique LNG. Sources in Islamabad have indicated that the
government of Prime Minister Mian Muham-
AsianOil: Indonesia misses 2022 target mad Shehbaz Sharif is preparing to sell two of
Indonesia missed its target for oil and gas pro- the nation’s LNG-fired power plants to the gov-
duction last year as a result of unscheduled ernment of Qatar.
facility closures and declining flow from mature The sale is thought to be part of a bid by
fields, upstream regulator SKK Migas said on Islamabad to dodge responsibility for the
January 18. non-payment of government debts, at the same
But upstream investment is said to be on the time as pulling in much sought-after foreign
rise, it said. capital, although to date no such formal confir-
mation to this end has been announced.
DMEA: Angola and Zambia boost ties
Angola and Zambia last week concluded bilat- LatAmOil: Whiptail oilfield identified
eral negotiations on infrastructure deals that ExxonMobil Guyana, a subsidiary of the US
appear set to bring long-awaited progress on a super-giant ExxonMobil, has named the Whip-
major cross-border pipeline. tail oilfield as the main target of its sixth devel-
Zambian President Hakainde Hichilema opment project at the Stabroek block.
told a joint news conference in Luanda that he According to a notice from Guyana’s Envi-
was “aware that a number of agreements have ronmental Protection Agency, the company
been signed by the two countries in this regard has asked to begin the authorisation process for
and despite some of these being signed under work at Whiptail.
the previous government, ours is to pick up
where they left off and ensure that these projects NorthAmOil: Beaumont to launch
are implemented.” ExxonMobil will soon launch a $2bn refinery
expansion in Beaumont, on the Gulf Coast of
EurOil: Equinor hails year’s first discovery Texas, reports Reuters.
Norway’s Equinor has hailed the country’s first The move will sharply boost gasoline and
oil and gas discovery of the year, noting it can be diesel output at the plant and make the refinery
tied to another nearby field set for development. the second largest in the US.™

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Week 04 25•January•2023 www. NEWSBASE .com P17