Page 17 - LatAmOil Week 45 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global decided not to acquire a stake in the company
(NRG), in which the reader is invited to join that operates the Finnish LNG terminal and
our team of international editors, who provide a use the €30mn set aside in the supplementary
snapshot of some of the key issues affecting their budget for this purpose to [replenish] Estonia’s
regional beats. We hope you will like NRG’s new gas reserves,” Prime Minister Kaja Kallas said.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Uniper hit hard by Russian gas
as before. losses
Uniper has posted a €40bn ($39bn) loss for the
AfrOil: APT may be able to launch Ntorya first nine months of this year, marking one of
gas production early the biggest losses in German corporate history.
ARA Petroleum Tanzania Ltd (APT) aims to The reasons are well-known. The company had
launch production at the Ntorya natural gas its Russian gas supply drastically cut over the
field in southern Tanzania almost a year ahead summer, before it ended completely at the end
of schedule despite a setback in its drilling sched- of August.
ule. According to Aminex (Ireland), a non-oper-
ating shareholder in Ruvuma, APT pushed the GLNG: Indonesia’s potential reversal to
target date for spudding the Chikumbi-1 (CH-1) LNG importer
well at Ntorya back to March 2023 after receiving With the likes of Australia, Qatar and the US
new information on rig availability. now by far the world’s biggest LNG exporters, it
is hard to imagine that this was a title once held,
AsianOil: Tokyo asks Malaysia to ease in 1990, by Indonesia. That year the country
LNG supply woes delivered 20.35mn tonnes of the super-cooled
The Japanese government has reached out to gas to the global market, accounting for 38.4%
Malaysia’s Petroliam Nasional Berhad (Petro- of overall trade.
nas) to request the firm’s help with alleviating
any LNG supply issues to customers in Japan MEOG: Aramco announces Q3 results
following the Sabah-Sarawak Pipeline leak in Saudi Aramco this week announced third-quar-
late September. ter results, which were highlighted by a net
income of $42.4bn, up 139% against the same
DMEA: Iran sells 12% stake in country’s period last year. Despite price volatility during
largest petchem producer the quarter, the company continues to benefit
Iran’s government has reportedly sold 12% of from a recovery over the past year or so, earning
the country’s largest petrochemical producer, well in excess of the level required to cover its
Persian Gulf Petrochemical Industries (PGPIC), $18.75bn quarterly dividend obligation.
to a unit of the country’s oil pension fund for
IRR1.087 quadrillion ($3.3bn at the free market NorthAmOil: Marathon to buy Ensign’s
rate), a privatisation record. Eagle Ford assets for $3bn
Marathon Oil has agreed to acquire the Eagle
EurOil: Estonia gives up stake in Finnish Ford shale assets of Ensign Natural Resources
LNG terminal for $3bn cash. The assets – in the core of the play
The Estonian three-party government has – nearly double Marathon’s Eagle Ford position
decided that Estonia will give up its stake in the and are adjacent to Marathon’s existing Eagle
company that operates the Finnish LNG ter- Ford wells. The transaction, expected to close by
minal and spend the €30mn budgeted for this the end of the year, will add 526.1 net square km
purpose to buy additional gas reserves. “We with a 97% working interest. ™

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Week 44 09•November•2022 www. NEWSBASE .com P17