Page 15 - EurOil Week 50 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG
Welcome to NewsBase’s Roundup Global GLNG: Biden Announces Tighter Methane
(NRG), in which the reader is invited to join Rule For US Oil And Gas Industry
our team of international editors, who provide a The Biden administration has unveiled a
snapshot of some of the key issues affecting their proposed tighter methane rule for the oil
regional beats. We hope you will like NRG's new and gas sector as the US races to cut GHG
concise format, but by clicking on the headline emissions. Methane, the major component
link for each section the full text will be available of natural gas and which can leak from
as before. pipelines, is an especially potent green-
house gas (GHG).
AfrOil: Eco Atlantic Strikes Out At Gazania-1 President Joe Biden, speaking at the
UK-based Eco (Atlantic) Oil & Gas said it COP27 climate summit in Egypt, announced
had not found any crude oil or natural gas in the proposed supplemental rule for methane
the Gazania-1 exploration well at Block 2B along with other emissions standards.
offshore South Africa in the Orange basin.
In a statement dated November 18, LatAmOil: EPA Imposes New Permitting Re-
Eco Atlantic said it had sunk Gazania-1 quirement On USVI Refinery
to the target depth of 2,360 metres after The US Environmental Protection Agency
spudding it on October 10. (EPA) has informed Port Hamilton Refin-
ing and Transportation (PHRT), the owner
AsianOil: Indonesia Set To Decommission of the Limetree Bay Refinery near St. Croix
First Offshore Platform in the US Virgin Islands (USVI), that it
Indonesia’s Pertamina has decommissioned may not resume oil-processing operations
the country’s first offshore oil and gas plat- unless it first obtains a new comprehensive
form, in co-operation with South Korean Clean Air Permit.
partners. Upstream regulator SKK Migas In a statement dated November 17, the
reported that the platform, formerly oper- agency said it had instructed US-based
ated by Chevron at the East Kalimantan-At- PHRT to secure a Prevention of Significant
taka block off the coast of Balikpapan, Deterioration (PSD) permit.
would be decommissioned under a govern-
ment-to-government partnership agree- MEOG:PIF Hires Banks For ADES IPO
ment between Indonesia and South Korea. Saudi Arabia’s Public Investment Fund
(PIF) is reported to have hired banks to
DMEA: Israel Eyes New Gas Export Route lead the initial public offering (IPO) of
To Europe drilling firm ADES International on the
NewMed Energy (Israel) has indicated Tadawul All Share Index (TASI), the local
that it does not want Egypt’s LNG plants stock exchange.
to be the sole export outlet for natural gas Sources were quoted by Reuters as say-
from the Leviathan field. ing that JPMorgan, Goldman Sachs, SNB
Yossi Abu, NewMed’s CEO, said during Capital – the Saudi National Bank’s invest-
a conference call discussing his company’s ment arm – and Egypt’s EFG Hermes have
third-quarter results on November 24 that been selected as joint lead managers on
he was “really keen” to develop a floating the listing, which is expected to attract
LNG (FLNG) solution for Leviathan. more than $1bn when it launches next
year.
FSUOGM: FSB Claims Sabotage Foiled At
“South Stream” Gas Pipeline NorthAmOil: ExxonMobil, MHI To Deploy
Russia’s federal security service (FSB) CO2 Capture Technology
reported on November 24 that it had pre- ExxonMobil and Mitsubishi Heavy Indus-
vented a sabotage attempt by Ukrainian spe- tries (MHI) have joined forces to deploy
cial forces at the “South Stream” gas pipeline. MHI’s CO2 capture technology as part of See the archive and
“As a result of a set of investigative meas- ExxonMobil’s end-to-end carbon capture sign up to receive
ures, [the FSB] prevented an attempt by and storage (CCS) solution for industrial *NRG Editor’s Picks*
Ukrainian special services to commit an act of customers. for free by email each
sabotage and terrorism on the South Stream The companies bring complementary week here
gas pipeline supplying energy resources to capabilities to facilitate industry decarbon-
Turkey and Europe,” the FSB said. isation projects, said ExxonMobil.

Week 50 16•December•2022 www. NEWSBASE .com P15