Page 11 - NorthAmOil Week 47 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global to their lowest level since the start of Moscow’s
(NRG), in which the reader is invited to join invasion of Ukraine, a Finnish think-tank has
our team of international editors, who provide a estimated. Revenues came to €21bn ($22bn)
snapshot of some of the key issues affecting their in October, Finland’s Centre for Research on
regional beats. We hope you will like NRG’s new Energy and Clean Air (CREA) said in research
concise format, but by clicking on the headline link published on November 16.
for each section the full text will be available as
before. GLNG: African NGOs call for suspension of
Tema LNG project in Ghana
AfrOil: Eni, CNOOC submit bids for six A group of African non-governmental organisa-
blocks offshore Mozambique tions (NGOs) has called for the suspension of the
Mozambique’s sixth licensing round has Tema LNG project in Ghana, arguing that the
attracted a total of six bids, with Italy’s Eni deal could end up costing the country $1.5bn, as
making an offer for one offshore block in the government officials have noted that there is no
Angoche basin and China National Offshore immediate demand for the natural gas that will
Operating Corp. (CNOOC) making offers for be imported via the terminal. Tema LNG, whose
five blocks in the Angoche and Save basins, the operator is backed by Helios Investment Partners
National Petroleum Institute (INP) has said. In of the UK and African Infrastructure Investment
a statement released on November 11, the final Managers (AIIM) of the Netherlands, is key to
day of the licensing round, the institute noted Ghana’s plans to become a gas hub.
that Eni had submitted one bid for A6-C, located
in the Angoche Basin. LatAmOil: Suriname launches deepwater
bidding round
AsianOil: Petroleum Sarawak plans four Staatsolie Hydrocarbon Institute (SHI), a wholly
gas hubs over next decade owned subsidiary of Suriname’s national oil
The Malaysian state of Sarawak on the island company Staatsolie, officially launched a new
of Borneo intends to build four gas hubs across licensing round covering some 43,956 square
its territory over the next 10 years in accord- km of deepwater acreage on the Demerara
ance with its Gas Roadmap. An investment of Plateau on November 8. In a statement, SHI
MYR65bn ($14.3bn) will be undertaken by reported that it was inviting both NOCs and
state-owned oil and gas company Petroleum international oil companies (IOCs) to submit
Sarawak Berhad (Petros) to build gas hubs in offers for the six blocks included in the Deme-
Miri, Samalaju, Bintulu and Kuching. rara Bidding Round.

DMEA: Iranian petrochemical companies MEOG: POGC to drill more South Pars
look upstream wells
A consortium of Iranian petrochemical compa- Iran’s state-owned Pars Oil and Gas Co.
nies has commenced the process of developing (POGC) said this week that it is planning to
three natural gas fields in Iran. This is the first drill 35 new wells to support efforts to main-
time in the history of the country’s hydrocar- tain and expand gas production from the
bon industry that a petrochemical company South Pars gas field. Speaking to the Ministry
has taken such a step, the secretary-general of of Petroleum’s Shana news agency, Shobeir
the Iranian Petrochemical Industry Employ- Nabavi, POGC’s deputy head of Reservoir
ers Association, Ahmad Mahdavi Abhari, was Operations Engineering, said the company has
quoted by local media agencies as saying. obtained the necessary permits from the min-
istry to spud 35 new wells at the field within the
EurOil: Norwegian producers expand in- next two or three years.
vestments amid high prices, tax incentives
Norwegian oil and gas companies have increased NorthAmOil: Biden administration an-
their projections for investment in 2022, eager to nounces tighter methane rules for US oil
exploit the remaining time available for projects and gas industry
to receive tax incentives, the country’s statistics The administration of US President Joe Biden
office said on November 17. Producers are now has unveiled a proposed tighter methane rule for
expected to invest NOK175.3bn ($17.4bn) in the the oil and gas sector as the US races to cut GHG
country’s offshore oil and gas fields this year, ver- emissions. Methane, the major component of
sus an August forecast of NOK172.8bn. natural gas and which can leak from pipelines, is
an especially potent greenhouse gas.
FSUOGM: Russian fossil fuel exports
slump in October See the archive and sign up to receive NRG Editor’s
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Week 47 24•November•2022 www. NEWSBASE .com P11