Page 12 - NorthAmOil Week 49 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global investment in Norway’s continental shelf.
(NRG), in which the reader is invited to join
our team of international editors, who provide a FSUOGM: China stresses close energy re-
snapshot of some of the key issues affecting their lationship with Russia
regional beats. We hope you will like NRG’s new China is eager to expand its partnership with
concise format, but by clicking on the headline link Russia in the energy sphere, Chinese President
for each section the full text will be available as Xi Jinping said last week, days before the EU
before. is set to impose its embargo on Russian crude
imports. China has ramped up imports of Rus-
AfrOil: ExxonMobil reportedly preparing to sian oil despite the economic slowdown caused
exit Equatorial Guinea by stringent COVID-19 restrictions this year,
The US super-major ExxonMobil has started taking advantage of the steep discount that Urals
ramping down oil production at Block B, located and other Russian blends are currently trading at
offshore Equatorial Guinea, and aims to exit the compared to global benchmarks.
country once its licence for the site expires in
2026, two sources close to the matter informed GLNG: Bangladesh turns to Brunei for LNG
Reuters on November 28. According to the supply
sources, the US giant is motivated partly by an Bangladesh has turned to Brunei for a supple-
industry-wide push to swap out ageing assets in mental supply of LNG, the country’s media has
West Africa for frontier African initiatives that reported. A delegation of officials from Bangla-
have lower greenhouse gas emissions intensity, desh’s Energy and Mineral Resource Division
such as deepwater drilling offshore Namibia. has visited Brunei’s capital of Bandar Seri Bega-
wan to discuss shipments of up to 1.5mn tonnes
AsianOil: India’s embrace of natural gas during 2023.
backfires
India has embraced natural gas in the last few LatAmOil: BP affiliate to market Guyanese
years as a means of safeguarding its energy oil in 2023
security at a low cost, even at the expense of Guyana’s government has granted a subsidiary
its substantial domestic coal reserves. In the of BP (UK) the right to market its share of crude
years prior to the aftermath of the coronavirus oil extracted from the Liza-1 and Liza-2 oilfields
(COVID-19), this was a rational choice just on at the offshore Stabroek block in 2023. The Min-
an economic basis. istry of Natural Resources announced that BP
International had won the marketing contract
DMEA: Kenyan insurer exits Ugandan oil for next year on November 24.
pipeline consortium
Nairobi-listed Britam Holdings has withdrawn MEOG: Aramco makes gas discoveries
from a consortium of East African insurers pro- Majority state-backed Saudi Aramco has dis-
viding coverage for a planned 1,443-km oil pipe- covered two new unconventional gas fields
line in Uganda and Tanzania, saying the project in the Kingdom’s Eastern Province as it steps
does not meet its backers’ standards. Britam’s up its gas production efforts. In comments
decision came to light in early November, when provided to the official Saudi Press Agency,
the Compliance Advisor Ombudsman (CAO), Energy Minister Prince Abdulaziz bin Salman
an independent agency of the World Bank, Al-Saud said the discoveries were called Awtad
responded to a complaint filed by Inclusive and Al-Dahna. The discoveries are understood
Development International, a US-based human to be tight gas.
rights organisation.
NorthAmOil: ExxonMobil, MHI to deploy
EurOil: Norway holds off on further frontier CO2 capture technology
oil, gas licensing rounds until 2025 ExxonMobil and Mitsubishi Heavy Industries
As Europe grapples with soaring energy prices (MHI) have joined forces to deploy MHI’s CO2
that are widely expected to remain for years to capture technology as part of ExxonMobil’s
come, Norway, the continent’s biggest natural end-to-end carbon capture and storage solution
gas supplier, has decided to hold off on future for industrial customers. The companies bring
oil and gas licensing rounds in frontier zones complementary capabilities to facilitate industry
until at least 2025. The decision – made as part decarbonisation projects, said ExxonMobil.
of a budget agreement between the minority
government and the opposition Socialist Left See the archive and sign up to receive NRG Editor’s
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P12 www. NEWSBASE .com Week 49 08•December•2022