Page 19 - FSUOGM Week 40 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Slovakia, Slovenia and Spain – penned a
(NRG), in which the reader is invited to join letter to Brussels pledging support for the
our team of international editors, who provide a move.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: Kinder Morgan Sells Half Its Stake
concise format, but by clicking on the headline In Elba Island LNG
link for each section the full text will be available Kinder Morgan announced on September 27
as before. that it had closed the sale of a 25.5% inter-
est in the Elba Liquefaction Co. (ELC) joint
AfrOil: DR Congo Rejects US Request To venture, which operates a liquefaction plant
Scale Back Onshore Licensing Round on Elba Island in Georgia. The stake, which
The Democratic Republic of Congo (DRC) represents half of Kinder Morgan’s interest in
has rejected a request from US climate envoy ELC, has been sold to an undisclosed buyer
John Kerry to reduce the number of blocks for around $565mn.
included in its current onshore licensing
round from 30 to 24, Environment Minister LatAmOil: Staatsolie Confirms Plans For
Eve Bazaiba revealed on October 5. Deepwater Auctions In Q4-2022
Staatsolie, the national oil company (NOC)
AsianOil: EIG Vehicle Snaps Up Stakes In of Suriname, has confirmed that it still
Australian LNG Projects For $2.15bn intends to launch a licensing round for
MidOcean Energy, backed by US private deepwater acreage before the end of this
equity group EIG, has struck a deal to ac- year.
quire Tokyo Gas’ interests in four integrat- Representatives of the company made
ed Australian LNG projects for $2.15bn in statements to this effect at the Guyana
cash, EIG said in a statement on October 7. Basins Summit (GBS) 2022. At the confer-
The projects – Gorgon LNG, Ichthys LNG, ence, they reported that Staatsolie would be
Pluto LNG and Queensland Curtis LNG kicking off the licensing round before the
– are situated on Australia’s east and west end of the fourth quarter of 2022.
coasts and are major suppliers of LNG to
Asian markets. MEOG:NewMed, Capricorn Merger
NewMed Energy announced this week
DMEA: UAE’s Retail Fuel Consumption Up that it would merge with UK-based Cap-
The UAE is seeing retail fuel consump- ricorn Energy in a shares-plus-cash deal
tion grow on the back of improvements in that combines a wealth of gas-rich assets
the economy, but without returning to the around the Mediterranean.
level that prevailed before the coronavirus The agreement will see shareholders in
(COVID-19) pandemic, according to Saif Capricorn – formerly Cairn Energy – receive
Humaid Al Falasi, the group CEO of Emir- a special dividend of $620mn and the new
ates National Oil Co. (ENOC). entity will be listed under NewMed – for-
merly Delek Drilling – whose shareholders
Euroil: EU Members Still Fail To Make will hold an 89.7% stake in the new “MENA
Headway On Gas Price Cap Proposal gas and energy champion”.
EU leaders convened once more on Octo-
ber 7 to discuss the introduction of a price NorthAmOil: Suncor To Offload Wind, Solar
cap on gas imports, but once more, mem- Assets In Shift In Energy Transition Focus
ber states failed to decide on what form the Leading oil sands producer Suncor Energy said
measure would take. on October 5 that it had agreed to sell its wind
Ahead of the summit, a majority of EU and solar assets to ATCO-owned Canadian See the archive and
countries asked the European Commis- Utilities for CAD730mn ($527mn). sign up to receive
sion to propose the gas prices. The energy In a statement, the company said it *NRG Editor’s Picks*
ministers of 15 nations – Belgium, Croa- would shift its focus to areas that were more for free by email each
tia, France, Greece, Italy, Latvia, Lithua- complementary to its core business, such as week here
nia, Malta, Poland, Portugal, Romania, hydrogen and renewable fuels, in line with

Week 41 15•October•2022 www. NEWSBASE .com P19