Page 18 - AfrOil Week 45 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global its Russian gas supply drastically cut over the
(NRG), in which the reader is invited to join our summer, before it ended completely at the end
team of international editors, as they provide a of August.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Indonesia’s potential reversal to
concise format, but by clicking on the headline LNG importer
link for each section the full text will be available With the likes of Australia, Qatar and the US
as before. 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 LatAmOil: Spudding of Wei-1 postponed
following the Sabah-Sarawak Pipeline leak in again
late September. Canada’s CGX Energy has been forced once
again to postpone the spudding of Wei-1, its
DMEA: Iran sells 12% stake in country’s second exploration well at the Corentyne block
largest petchem producer offshore Guyana. In a statement, CGX explained
Iran’s government has reportedly sold 12% of that the delay was beyond its control, as it was
the country’s largest petrochemical producer, waiting for a contracted rig to be released by
Persian Gulf Petrochemical Industries (PGPIC), a third-party operator, and added that it had
to a unit of the country’s oil pension fund for informed Guyanese authorities of the situation.
IRR1.087 quadrillion ($3.3bn at the free market
rate), a privatisation record. MEOG: Aramco announces results for
Q3-2022
EurOil: Estonia gives up stake in Finnish Saudi Aramco has announced its third-quarter
LNG terminal results, which were highlighted by a net income
The Estonian three-party government has of $42.4bn, up 139% against the same period last
decided that Estonia will give up its stake in the year. Despite price volatility during the quarter,
company that operates the Finnish LNG ter- the company continues to benefit from a recov-
minal and spend the €30mn budgeted for this ery over the past year or so, earning well in excess
purpose to buy additional gas reserves. “We of the level required to cover its $18.75bn quar-
decided not to acquire a stake in the company terly dividend obligation.
that operates the Finnish LNG terminal and
use the €30mn set aside in the supplementary NorthAmOil: Marathon to buy Ensign’s
budget for this purpose to [replenish] Estonia’s Eagle Ford assets for $3bn
gas reserves,” Prime Minister Kaja Kallas said. Marathon Oil has agreed to acquire the Eagle
Ford shale assets of Ensign Natural Resources
FSU OGM: Uniper hit hard by Russian gas for $3bn cash. The assets – in the core of the play
losses – nearly double Marathon’s Eagle Ford position
Uniper has posted a €40bn ($39bn) loss for the and are adjacent to Marathon’s existing Eagle
first nine months of this year, marking one of Ford wells. The transaction, expected to close by
the biggest losses in German corporate history. the end of the year, will add 526.1 net square km
The reasons are well-known. The company had with a 97% working interest. ™

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P18 www. NEWSBASE .com Week 45 10•November•2022