Page 19 - DMEA Week 45 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global The reasons are well-known. The company had
(NRG), in which the reader is invited to join our its Russian gas supply drastically cut over the
team of international editors, as they provide a summer, before it ended completely at the end
snapshot of some of the key issues affecting their of August.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Indonesia’s potential reversal to
link for each section the full text will be available LNG importer
as before. With the likes of Australia, Qatar and the US
now by far the world’s biggest LNG exporters, it
AfrOil: APT may be able to launch Ntorya is hard to imagine that this was a title once held,
gas production early in 1990, by Indonesia. That year the country
ARA Petroleum Tanzania Ltd (APT) aims to delivered 20.35mn tonnes of the super-cooled
launch production at the Ntorya natural gas gas to the global market, accounting for 38.4%
field in southern Tanzania almost a year ahead of overall trade.
of schedule despite a setback in its drilling sched-
ule. According to Aminex (Ireland), a non-oper- LatAmOil: Spudding of Wei-1 postponed
ating shareholder in Ruvuma, APT pushed the again
target date for spudding the Chikumbi-1 (CH-1) Canada’s CGX Energy has been forced once
well at Ntorya back to March 2023 after receiving again to postpone the spudding of Wei-1, its
new information on rig availability. second exploration well at the Corentyne block
offshore Guyana. In a statement, CGX explained
AsianOil: Tokyo asks Malaysia to ease that the delay was beyond its control, as it was
LNG supply woes waiting for a contracted rig to be released by
The Japanese government has reached out to a third-party operator, and added that it had
Malaysia’s Petroliam Nasional Berhad (Petro- informed Guyanese authorities of the situation.
nas) to request the firm’s help with alleviating
any LNG supply issues to customers in Japan MEOG: Aramco announces Q3 results
following the Sabah-Sarawak Pipeline leak in Saudi Aramco has announced its third-quarter
late September. results, which were highlighted by a net income
of $42.4bn, up 139% against the same period last
EurOil: Estonia gives up stake in Finnish year. Despite price volatility during the quarter,
LNG terminal the company continues to benefit from a recov-
Estonia’s three-party government has decided to ery over the past year or so, earning well in excess
give up its stake in an LNG terminal and spend of the level required to cover its $18.75bn quar-
€30mn to buy additional gas. “We decided not terly dividend obligation.
to acquire a stake in the company that operates
the Finnish LNG terminal and use the €30mn set NorthAmOil: Marathon to buy Ensign’s
aside in the supplementary budget for this pur- Eagle Ford assets for $3bn
pose to [replenish] Estonia’s gas reserves,” Prime Marathon Oil has agreed to acquire the Eagle
Minister Kaja Kallas said. Ford shale assets of Ensign Natural Resources
for $3bn cash. The assets – in the core of the play
FSU OGM: Uniper hit hard by Russian gas – nearly double Marathon’s Eagle Ford position
losses and are adjacent to Marathon’s existing Eagle
Uniper has posted a €40bn ($39bn) loss for the Ford wells. The transaction, expected to close by
first nine months of this year, marking one of the end of the year, will add 526.1 net square km
the biggest losses in German corporate history. with a 97% working interest. ™

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Week 45 10•November•2022 www. NEWSBASE .com P19