Page 18 - DMEA Week 41 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global presidential decree introduced at the end of
(NRG), in which the reader is invited to join our June, under which Russia transferred all rights
team of international editors, as they provide a and obligations of the consortium managing the
snapshot of some of the key issues affecting their Sakhalin-2 project to a Russian entity.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Kinder Morgan sells half of its
link for each section the full text will be available stake in Elba Island LNG
as before. Kinder Morgan has closed the sale of a 25.5%
interest in the Elba Liquefaction Co. (ELC) joint
AfrOil: DR Congo rejects US request to venture, which operates a natural gas liquefac-
scale back onshore licensing round tion plant on Elba Island in Georgia. The stake,
The Democratic Republic of Congo (DRC) has which represents half of Kinder Morgan’s interest
rejected a request from US climate envoy John in ELC, went to an undisclosed buyer for around
Kerry to reduce the number of blocks included $565mn.
in its current onshore licensing round from 30 to
24, Environment Minister Eve Bazaiba revealed LatAmOil: Staatsolie confirms plans for
on October 5. Bazaiba said Kerry had made the deepwater auctions in Q4-2022
request of the DRC’s President Felix Tshisekedi Suriname’s national oil company (NOC) Staat-
on October 4, arguing that preventing oil and gas solie has confirmed that it still intends to launch
exploration was necessary to protect forests. a licensing round for deepwater acreage by the
end of 2022. Representatives of the company
AsianOil: EIG vehicle snaps up stakes in reported at the Guyana Basins Summit (GBS)
Australian LNG projects for $2.15bn 2022 that Staatsolie would be kicking off the
MidOcean Energy, backed by the US private licensing round before the end of the fourth
equity group EIG, will acquire Tokyo Gas’ inter- quarter of this year.
ests in four integrated Australian LNG projects
for $2.15bn in cash. The assets – Gorgon LNG, MEOG: NewMed, Capricorn plan merger
Ichthys LNG, Pluto LNG and Queensland Cur- NewMed Energy will merge with UK-based
tis LNG – lie off Australia’s east and west coasts Capricorn Energy in a shares-plus-cash deal that
and are major suppliers of LNG to Asia. combines a wealth of gas-rich assets around the
Mediterranean. The agreement will see share-
EurOil: EU members still fail to make holders in Capricorn (formerly Cairn Energy)
headway on gas price cap proposal receive a special dividend of $620mn, and the
EU leaders convened once more on October new entity will be listed under NewMed (for-
7 to discuss the introduction of a price cap on merly Delek Drilling), whose shareholders will
natural gas imports, but once more, member hold 89.7% of the new company.
states failed to decide on what form the measure
would take. Ahead of the summit, a majority of NorthAmOil: Suncor to offload wind, solar
EU countries asked the European Commission assets in shift in energy transition focus
to propose the gas prices. Leading oil sands producer Suncor Energy has
agreed to sell its wind and solar assets to ATCO-
FSU OGM: Russia seizes Sakhalin-1 owned Canadian Utilities for CAD730mn
Russian President Vladimir Putin on October ($527mn). The company has said it will shift its
7 ordered the seizure of the ExxonMobil-led focus to areas more complementary to its core
Sakhalin-1 oil project, signing a decree that business, such as hydrogen and renewable fuels,
establishes a new operator. It follows a similar in line with previous announcements. ™

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P18 www. NEWSBASE .com Week 41 13•October•2022