Page 15 - GLNG Week 38 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global FSUOGM: Russian oil and gas revenues
(NRG), in which the reader is invited to join dip in August
our team of international editors, who provide a Russia’s earnings from energy exports slumped
snapshot of some of the key issues affecting their to a 14-month low in August, as the country con-
regional beats. We hope you will like NRG’s new tinues discounting its oil supplies to Asia that it
concise format, but by clicking on the headline link has diverted away from Europe. The country’s
for each section the full text will be available as energy income amounted to RUB672bn last
before. month, or $11.1bn, marking the lowest volume
since June 2021, according to the Russian finance
AfrOil: UNOC sees EACOP financing ministry.
wrapped up soon
A representative of Uganda National Oil Co.
(UNOC) has said that the East Africa Crude Oil GLNG: Woodside signs binding supply
Pipeline (EACOP) consortium expects to wrap agreements with Commonwealth LNG
up arrangements for funding its $4bn project by A Woodside Energy subsidiary, Woodside
the end of November. According to Peter Muli- Energy Trading Singapore, has converted its
isa, UNOC’s chief legal and corporate affairs non-binding heads of agreement deals with the
officer, the group is still in the process of nego- US’ Commonwealth LNG into two binding sale
tiating with the banks prepared to help finance and purchase agreements. The SPAs cover the
the pipeline, which will pump oil from fields in supply of up to 2.5mn tonnes per year of LNG
western Uganda to the Indian Ocean. over a 20-year period from Commonwealth’s
proposed export terminal in Louisiana, on the
AsianOil: Australia awards permits for eval- US Gulf Coast.
uation of CCS opportunities
The Australian government has awarded per- LatAmOil: Trinidad and Tobago’s PM seeks
mits for companies to undertake evaluation and more leverage over gas strategy
appraisal work for the potential storage of car- Keith Rowley, the prime minister of Trinidad
bon dioxide (CO2) in the country’s waters. On and Tobago, wants his country’s government to
September 5, Santos announced that it had been have more say in decisions about exploration,
awarded permits G-9-AP and G-11-AP to pur- production and development strategies in the
sue carbon capture and storage opportunities in natural gas sector. Speaking after a meeting with
the Carnarvon and Bonaparte basins, offshore several of the biggest investors in Trinidad and
Western Australia, alongside its joint venture Tobago’s gas industry, Rowley noted that the gas
partners. sector was facing significant challenges.

DMEA: Iran offers to complete gas pipeline MEOG: Iraq to begin offshore search
to Pakistan Iraq will shortly sign off on a contract to ena-
Mohammed Ali Hosseini, the Iranian ambas- ble work to begin on the first surveys within
sador to Pakistan, said last week that Iran’s gov- the country’s limited offshore area as Baghdad
ernment was prepared to complete a natural gas seeks to add to reserves and maintains drilling
pipeline to neighbouring Pakistan as part of a momentum onshore. Quoted by the Ministry of
wider effort to expand ties in the energy sector. Oil’s website and the Iraqi News Agency (INA),
“To further strengthen trade co-operation with Oil Minister Ihsan Abdul Jabbar stressed the
Pakistan, completion of energy projects, espe- importance of the surveys, noting that “expecta-
cially the Pak-Iran gas pipeline, remains vital,” tions and studies indicate that [the area] contains
he told the Associated Press of Pakistan in an hydrocarbons”.
interview.

NorthAmOil: Tamarack Valley to become
EurOil: Shell CEO to step down at year-end largest Clearwater producer with Deltastream
Shell CEO Ben van Beurden will step down from his acquisition
post at the end of 2022 after a nine-year stint, with a Tamarack Valley Energy has agreed to
company veteran due to take his place. Van Beurden acquire privately held Deltastream Energy for
oversaw the company through its transformational CAD1.43bn ($1.07bn). The acquisition will
acquisition of BG Group in 2016, greatly expanding make Tamarack the largest producer in Northern
its LNG business, and the subsequent sale of some Alberta’s Clearwater heavy oil play, where activity
$30bn of non-core assets. has been booming.

Week 38 23•September•2022 www. NEWSBASE .com P15