Page 12 - NorthAmOil Week 23 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Azerbaijan eyes extra gas mar-
(NRG), in which the reader is invited to join ket share in Europe
our team of international editors, who provide a Azerbaijan is prepared to ship gas to new cus-
snapshot of some of the key issues affecting their tomers to help the continent wean itself off Rus-
regional beats. We hope you will like NRG’s new sian supplies, President Ilham Aliyev said on
concise format, but by clicking on the headline link June 1, noting that negotiations were already
for each section the full text will be available as underway with potential customers. Prospects
before. for a growth in Azeri gas supply to Europe hinge
on an expansion of the Southern Gas Corridor,
AfrOil: Impact Oil & Gas may exit Namib- the network of pipelines that carry gas produced
ia’s Venus project in the Azeri Caspian Sea as far as Italy.
South Africa’s Impact Oil & Gas is reportedly
mulling the possibility of selling its 20% stake GLNG: Egypt, EU poised to agree on LNG
in Block 2913B offshore Namibia, which con- exports
tains the massive Venus-1x discovery. Four Egypt is poised to sign a memorandum of under-
industry sources told Reuters earlier this standing (MoU) with the EU on deliveries of gas
week that the privately owned company had extracted from Israeli fields in the eastern Med-
hired Jefferies Group, a US investment bank- iterranean and processed into LNG at Egyptian
ing company, to serve as its adviser for the sale terminals. The signing will take place in late June,
process. when European Commission President Ursula
von der Leyen visits Cairo.
AsianOil: Sasanof-1 well off Australia
comes up dry LatAmOil: US reportedly allowing Eni,
Privately owned Western Gas has reported that Repsol to export Venezuelan oil
its Sasanof-1 exploration well offshore Western The US government appears to be moving for-
Australia found no commercial reserves of oil ward with steps to loosen sanctions on Venezue-
and gas. The well had been described as one of la’s oil sector. The restrictions that Washington
the most closely watched exploration campaigns has imposed on Caracas penalise trade in Vene-
of the year so far in Australia, and the result is zuelan oil or fuel.
seen as a major disappointment.
MEOG: FEED deal and FPSO arrival
DMEA: Pipeline preparations and fuel pric- This week’s MEOG includes coverage of a major
es FEED contract award in Qatar and the arrival
This week’s DMEA includes an update on laying of an FPSO in Israel. US engineer McDermott
the groundwork on a pipeline running from the International was awarded an engineering con-
Gulf to the Red Sea, while the Liberian govern- tract by Qatar’s North Oil Co. (NOC) for the
ment said it would not increase fuel prices. Jor- third phase development of Qatar’s offshore
dan’s Minister of Foreign Affairs Ayman Safadi Al-Shaheen oilfield. NOC is a 70:30 JV between
said this week that preparations for the develop- state-owned QatarEnergy and France’s TotalEn-
ment of an oil export pipeline connecting Iraq’s ergies. Meanwhile, London and Tel Aviv-listed
Basra Governorate to the Red Sea port of Aqaba Energean’s production unit has arrived in Israeli
have reached 80%. Meanwhile, Liberia’s Ministry waters in preparation for the start of develop-
of Commerce and Industry said in a statement ment at the Karish gas field.
on June 3 that it did not intend to make any dras-
tic changes in the domestic fuel pricing regime NorthAmOil: Energy Transfer finalises an-
before the end of this month. other offtake agreement
US-based Energy Transfer has signed an LNG
EurOil: UK U-turns on windfall tax sales and purchase agreement with China Gas
The UK government imposed a 25% tax on Hongda Energy Trading, a subsidiary of China
profits by oil and gas companies in late May, Gas Holdings. The deal is the fifth to be signed by
marking a policy U-turn and a departure from Energy Transfer since March for supply of LNG
the North Sea industry-friendly image that it from its proposed Lake Charles LNG terminal in
has sought to cultivate. The one-off surcharge Louisiana. It brings a final investment decision
is on top of the 40% headline tax rate that the on the terminal a step closer.
industry already pays on its profit, as well as
its 30% ringfenced corporation tax and 10% See the archive and sign up to receive NRG Editor’s
supplementary charge. Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 23 09•June•2022