Page 17 - LatAmOil Week 23 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 40% headline tax rate that the industry already
(NRG), in which the reader is invited to join pays on its profit, as well as its 30% ring-fenced
our team of international editors, who provide a corporation tax and 10% supplementary charge.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: Azerbaijan seeks extra gas
concise format, but by clicking on the headline market share in Europe
link for each section the full text will be available Azerbaijan is prepared to ship gas to new cus-
as before. tomers to help the continent wean itself off Rus-
sian supplies, President Ilham Aliyev said on
AfrOil: Impact Oil & Gas may withdraw June 1, noting that negotiations were already
from Namibia’s Venus project underway with potential customers. Prospects
South Africa’s Impact Oil & Gas is reportedly for a growth in Azeri gas supply to Europe hinge
mulling the sales of its 20% stake in Block 2913B on an expansion of the Southern Gas Corridor
offshore Namibia, which contains the massive (SGC), which runs from the Caspian Sea to Italy.
Venus-1x discovery. Four industry sources told
Reuters earlier this week that the company had GLNG: Egypt, EU poised to agree on LNG
hired Jefferies Group, a US investment banking exports
company, to serve as its adviser for the sale. Egypt is poised to sign a memorandum of under-
standing (MoU) with the EU on deliveries of
AsianOil: Sasanof-1 well offshore Australia natural gas extracted from Israeli fields in the
comes up dry eastern Mediterranean and processed into LNG
Privately owned Western Gas has reported that at Egyptian terminals. The signing will take place
its Sasanof-1 exploration well offshore Western in late June, when European Commission Presi-
Australia found no commercial reserves of oil or dent Ursula von der Leyen visits Cairo.
gas. The well had been one of the most closely
watched exploration campaigns of the year so far MEOG: FEED deal and FPSO arrival
in Australia, so the result was a disappointment. US engineering firm McDermott International
was awarded an engineering contract by Qatar’s
DMEA: Pipeline preparations and fuel North Oil Co. (NOC) for third-phase develop-
prices ment work at Qatar’s offshore Al-Shaheen oil-
Jordan’s Minister of Foreign Affairs Ayman field. NOC is a 70:30 JV between state-owned
Safadi said this week that preparations for the QatarEnergy and France’s TotalEnergies. Mean-
development of an oil export pipeline connect- while, London- and Tel Aviv-listed Energean’s
ing Iraq’s Basra Governorate to the Red Sea port production unit has arrived in Israeli waters in
of Aqaba have reached 80%. Meanwhile, Libe- preparation for the start of development at the
ria’s Ministry of Commerce and Industry said in Karish natural gas field.
a statement on June 3 that it did not intend to
make any drastic changes in the domestic fuel NorthAmOil: Energy Transfer finalises
pricing regime before the end of this month. another 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 prof- Hongda Energy Trading, a subsidiary of China
its by oil and gas companies in late May, marking Gas Holdings. The deal is the fifth to be signed by
a policy U-turn and a departure from the North Energy Transfer since March for supply of LNG
Sea industry-friendly image that it has sought to from its proposed Lake Charles LNG terminal
cultivate. The one-off surcharge is on top of the in Louisiana. ™

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Week 23 09•June•2022 www. NEWSBASE .com P17