Page 17 - FSUOGM Week 43 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global lead to less wind power output.
(NRG), in which the reader is invited to join
our team of international editors, who provide a GLNG: Mozambique Expects To Dispatch
snapshot of some of the key issues affecting their History-Making First LNG Export By End Of
regional beats. We hope you will like NRG's new October
concise format, but by clicking on the headline Mozambique is on track to export its first
link for each section the full text will be available LNG cargo from the Coral field, located
as before. off the coast of the country’s northernmost
Cabo Delgado province, by the end of Octo-
AfrOil: Museveni Defends Uganda’s Oil De- ber, Macao News reported on October 19.
velopment Plans The publication, based in a special
Uganda’s President Yoweri Museveni has administrative region of China, quoted
said that his government is committed to Mozambique’s Finance Minister Max
reaching carbon neutrality by 2050 but does Tonela as saying to the Portuguese news
not expect fossil fuel consumption to be agency Lusa: “We hope that before the end
eliminated completely within the next few of October the first export of LNG pro-
decades. duced by Mozambique will take place.”

AsianOil: Woodside Achieves Profit Record LatAmOil: Guyana To Reserve Offshore
Amid High Gas Price Blocks For Bilateral Partnerships
Australia’s biggest oil and gas producer Guyana’s President Irfaan Ali has said that
Woodside Energy achieved record output his government intends to set some sec-
and sales in the third quarter, thanks to tions of the country’s offshore zone aside
soaring gas prices and the wrap-up of its for partnerships with other countries under
merger with BHP’s petroleum division. bilateral accords rather than including
The LNG exporter also raised its out- them in competitive licensing rounds.
put guidance after its $40bn tie-up with Speaking at a press conference, Ali said
BHP’s petroleum business was completed that Georgetown intended to dispose of a
in June. Full-year production guidance number of unassigned blocks in this fash-
was increased by 3% to 153-157mn barrels ion. He did not identify any of the sites
of oil equivalent (boe). that might be subject to this arrangement
but noted that the government of Barbados
DMEA: UAE’s Retail Fuel Consumption Up had also opted to reserve some of its licence
The UAE is seeing retail fuel consump- areas for partner countries.
tion grow on the back of improvements in
the economy, but without returning to the MEOG: Gaza Nears Deal For Offshore Ex-
level that prevailed before the coronavirus ploration
(COVID-19) pandemic, according to Saif Following the recent maritime delimita-
Humaid Al Falasi, the group CEO of Emir- tion agreement between Israel and Leb-
ates National Oil Co. (ENOC). anon, the Palestinian Authority (PA)
appears close to an upstream develop-
EurOil: Will Europe's Energy Supply Allow It ment deal offshore the Gaza Strip.
To Make It Through The Winter? Egypt’s Petroleum and Mineral
Europe has filled its gas storage facilities Resources Minister Tarek El-Molla held
to close to 95% of capacity, and while gas talks with Palestinian Prime Minister
prices are still very high, they are substan- Muhammed Shtayyeh and Israeli repre-
tially down from previous spikes. How the sentatives to pursue the development of
continent’s energy system will fare this the Gaza Marine gas field.
winter, however, will depend on a num-
ber of factors – many of which are highly NorthAmOil: Continental To Be Acquired By
unpredictable. Hamm Family In Sweetened $4.3bn Deal
To name the biggest factor first, it will Shale producer Continental Resources will
depend on how severe the winter weather merge with Omega Acquisition, an Oklahoma
proves to be, which is very hard to predict. corporation owned by Continental's founder,
Not only would a cold winter increase Harold Hamm. See the archive and
the need for heating; a low-precipitation The company, one of the US’ largest inde- sign up to receive
winter would result in low hydroelectric pendent oil companies, will become private. *NRG Editor’s Picks*
power generation, and a still winter would The deal is valued at $4.3bn. for free by email each
week here

Week 43 28•October•2022 www. NEWSBASE .com P17