Page 17 - LatAmOil Week 38 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global with a company veteran due to take his place. Van
(NRG), in which the reader is invited to join Beurden oversaw the company through its trans-
our team of international editors, who provide a formational acquisition of BG Group in 2016,
snapshot of some of the key issues affecting their greatly expanding its LNG business, and the sub-
regional beats. We hope you will like NRG’s new sequent sale of some $30bn of non-core assets.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Russian oil and gas revenues
as before. dip in August
Russia’s earnings from energy exports slumped
AfrOil: UNOC sees EACOP financing to a 14-month low in August, as the country con-
wrapped up soon tinues discounting its oil supplies to Asia that it
A representative of Uganda National Oil Co. has diverted away from Europe. The country’s
(UNOC) has said that the East Africa Crude Oil energy income hit RUB672bn ($11.1bn) last
Pipeline (EACOP) consortium expects to wrap month, the lowest level since June 2021.
up arrangements for funding its $4bn project by
the end of November. According to Peter Muli- GLNG: Woodside signs binding supply
isa, UNOC’s chief legal and corporate affairs agreements with Commonwealth LNG
officer, the group is still negotiating with the A Woodside Energy subsidiary, Woodside
banks prepared to help finance the pipeline. Energy Trading Singapore, has converted its
non-binding heads of agreement (HoA) deals
AsianOil: Australia awards permits for with Commonwealth LNG (US) into two bind-
evaluation of CCS opportunities ing sale and purchase agreements (SPAs). The
The Australian government has awarded per- agreements cover the supply of up to 2.5mn
mits for companies to undertake evaluation and tonnes per year (tpy) of LNG over a 20-year
appraisal work for the potential storage of car- period from Commonwealth’s proposed export
bon dioxide (CO2) in the country’s waters. On terminal in Louisiana, on the US Gulf Coast.
September 5, Santos said it had been awarded
permits G-9-AP and G-11-AP to pursue carbon MEOG: Iraq to begin offshore search
capture and storage (CCS) opportunities in the Iraq will shortly sign off on a contract to launch
Carnarvon and Bonaparte basins. the first surveys within the country’s limited off-
shore area as Baghdad seeks to add to reserves
DMEA: Iran offers to complete natural gas and maintains drilling momentum onshore. Oil
pipeline to Pakistan Minister Ihsan Abdul Jabbar stressed the impor-
Mohammed Ali Hosseini, Tehran’s ambassador tance of the surveys, noting that “expectations
to Islamabad, said last week that Iran’s govern- and studies indicate that [the area] contains
ment was prepared to complete a natural gas hydrocarbons.”
pipeline to Pakistan as part of a wider effort to
expand ties in the energy sector. “To further NorthAmOil: Tamarack Valley to become
strengthen trade co-operation with Pakistan, largest Clearwater producer
completion of energy projects, especially the Tamarack Valley Energy has agreed to acquire
Pak-Iran gas pipeline, remains vital,” he stated. Deltastream Energy, a privately held company,
for the sum of CAD1.43bn ($1.07bn). The
EurOil: Shell CEO to step down at end of acquisition is expected to make Tamarack the
2022 largest producer in Northern Alberta’s Clearwa-
Shell CEO Ben van Beurden will step down from ter heavy crude oil play, where activity has been
his post at the end of 2022 after a nine-year stint, booming. ™

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Week 38 21•September•2022 www. NEWSBASE .com P17