Page 15 - AsianOil Week 48 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG
Welcome to NewsBase’s Roundup Global GLNG: Biden Announces Tighter Methane
(NRG), in which the reader is invited to join Rule For US Oil And Gas Industry
our team of international editors, who provide a The Biden administration has unveiled a
snapshot of some of the key issues affecting their proposed tighter methane rule for the oil
regional beats. We hope you will like NRG's new and gas sector as the US races to cut GHG
concise format, but by clicking on the headline emissions. Methane, the major component
link for each section the full text will be available of natural gas and which can leak from
as before. pipelines, is an especially potent green-
house gas (GHG).
AfrOil: Eco Atlantic Strikes Out At Gazania-1 President Joe Biden, speaking at the
UK-based Eco (Atlantic) Oil & Gas said it COP27 climate summit in Egypt, announced
had not found any crude oil or natural gas in the proposed supplemental rule for methane
the Gazania-1 exploration well at Block 2B along with other emissions standards.
offshore South Africa in the Orange basin.
In a statement dated November 18, LatAmOil: EPA Imposes New Permitting Re-
Eco Atlantic said it had sunk Gazania-1 quirement On USVI Refinery
to the target depth of 2,360 metres after The US Environmental Protection Agency
spudding it on October 10. (EPA) has informed Port Hamilton Refin-
ing and Transportation (PHRT), the owner
DMEA: Israel Eyes New Gas Export Route of the Limetree Bay Refinery near St. Croix
To Europe in the US Virgin Islands (USVI), that it
NewMed Energy (Israel) has indicated may not resume oil-processing operations
that it does not want Egypt’s LNG plants unless it first obtains a new comprehensive
to be the sole export outlet for natural gas Clean Air Permit.
from the Leviathan field. In a statement dated November 17, the
Yossi Abu, NewMed’s CEO, said during agency said it had instructed US-based
a conference call discussing his company’s PHRT to secure a Prevention of Significant
third-quarter results on November 24 that Deterioration (PSD) permit.
he was “really keen” to develop a floating
LNG (FLNG) solution for Leviathan. MEOG:PIF Hires Banks For ADES IPO
Saudi Arabia’s Public Investment Fund
EurOil: Equinor, Partners Sign Off On (PIF) is reported to have hired banks to
$1.4bn Gas Field Development lead the initial public offering (IPO) of
Norway’s Equinor and its partners drilling firm ADES International on the
announced this week that they had signed Tadawul All Share Index (TASI), the local
off on a NOK14.8bn ($1.44bn) plan to stock exchange.
develop an Arctic gas discovery off the Sources were quoted by Reuters as say-
country’s coast. ing that JPMorgan, Goldman Sachs, SNB
The discovery, Irpa, will yield around Capital – the Saudi National Bank’s invest-
20bn cubic metres of gas for export to ment arm – and Egypt’s EFG Hermes have
Europe via the Aasta Hansteen platform been selected as joint lead managers on
some 80 km east of the find. the listing, which is expected to attract
more than $1bn when it launches next
FSUOGM: FSB Claims Sabotage Foiled At year.
“South Stream” Gas Pipeline
Russia’s federal security service (FSB) NorthAmOil: ExxonMobil, MHI To Deploy
reported on November 24 that it had pre- CO2 Capture Technology
vented a sabotage attempt by Ukrainian spe- ExxonMobil and Mitsubishi Heavy Industries
cial forces at the “South Stream” gas pipeline. (MHI) have joined forces to deploy MHI’s CO2
“As a result of a set of investigative meas- capture technology as part of ExxonMobil’s end- See the archive and
ures, [the FSB] prevented an attempt by to-end carbon capture and storage (CCS) solu- sign up to receive
Ukrainian special services to commit an act of tion for industrial customers. *NRG Editor’s Picks*
sabotage and terrorism on the South Stream The companies bring complementary for free by email each
gas pipeline supplying energy resources to capabilities to facilitate industry decarbon- week here
Turkey and Europe,” the FSB said. isation projects, said ExxonMobil.

Week 48 05•December•2022 www. NEWSBASE .com P15