Page 14 - MEOG Week 44 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global pipelines – a claim that the UK government has
(NRG), in which the reader is invited to join rejected, describing it as an attempt to distract
our team of international editors, who provide a from Russian military setbacks in Ukraine.
snapshot of some of the key issues affecting their Without providing evidence, the ministry
regional beats. By clicking on the headline link said that “British specialists” that had directed
for each section the full text will be available. Ukrainian drone strike attacks on Russia’s Black
Sea fleet in Crimea earlier on October 29 were
AfrOil: Somalia OKs exploration plans also behind the Nord Stream pipelines’ sabotage.
US-based Coastline Exploration announced on
October 21 that it had secured a green light from FSUOGM: Japan to stick with Sakhalin-1
the Federal Government of Somalia for explo- Japan’s government has said it intends to remain
ration work covering seven offshore deepwater involved in the previously ExxonMobil-led
blocks. Sakhalin-1 oil and gas project, Nikkei reported
Coastline had signed production-sharing on October 31, in order to safeguard its energy
agreements for all seven blocks this February security.
with Abdirashid Mohamed Ahmed, then serv- ExxonMobil until recently had a 30% inter-
ing as Somalia’s Minister of Petroleum and Min- est in Sakhalin-1, but announced its intention to
eral Resources. withdraw from the project in March following
the launch of Russia’s invasion of Ukraine.
AsianOil: Jadestone drops Maari plans
Austria’s OMV has dropped plans to divest its GLNG: Philippines to enter LNG sector
69% interest in the Maari field off the coast of The Philippines will next year mark its entry into
New Zealand to Asia-focused Jadestone Energy the world of LNG with the opening of three LNG
because of regulatory delays – a deal that the pair terminals that will enable the country to reduce
agreed to enter into in 2019. carbon output in line with its green energy goals
Jadestone said in a statement last week that and also to replace natural gas that now comes
it had engaged with OMV following changes to from the Philippines’ dwindling Malampaya gas
New Zealand’s upstream regulatory framework field, which will be depleted by 2027.
at the end of last year, and had also worked with The three regasification terminals will be
the government to seek clarity on the processes, operated by Singapore-based Atlantic, Gulf and
terms and associated timeframe needed to com- Pacific (AG&P), the Philippines’ First Gen Cor-
plete the deal. poration and Energy World Corporation, which
is Australia-listed.
DMEA: Saudi Kayan moves to loss
Saudi Kayan Petrochemical Co., a Jubail-based LatAmOil: Brazil output tops 4mn boepd
manufacturer of chemicals, polymers and spe- Brazil’s hydrocarbon production hit 4.048mn
cialty products, sustained a loss in the third barrels of oil equivalent per day in September
quarter of 2022 after operating in the black in 2022, according to data released by the country’s
the same period of the previous year. National Agency of Petroleum, Natural Gas and
According to a statement filed with the Tad- Biofuels (ANP).
awul exchange in Riyadh, the company lost This is only the second time that monthly
SAR812.27mn ($216.15mn) between July and output has ever topped 4mn boepd.
September, marking its largest quarterly loss
since its initial stock exchange listing on Octo- NorthAmOil: Teck to sell share of Fort Hills
ber 1, 2011. Canadian miner Teck Resources will sell its
stake in the Fort Hills oil sands project to Suncor
EurOil: Russia blames UK for Nord Stream Energy for CAD1bn ($737mn).
Russia’s defence ministry has accused British Teck said it is shifting its focus to copper in
Navy personnel of blowing up the Nord Stream an effort to reduce its involvement in carbon.™

See the archive and sign up to
receive *NRG Editor’s Picks* for
free by email each week here

P14 www. NEWSBASE .com Week 44 02•November•2022