Page 18 - DMEA Week 49 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Xi Jinping said last week, days before the EU is set
(NRG), in which the reader is invited to join our to impose its embargo on Russian crude imports.
team of international editors, as they provide a China has ramped up imports of Russian oil
snapshot of some of the key issues affecting their despite the economic slowdown caused by strin-
regional beats. We hope you will like NRG’s new gent coronavirus (COVID-19) restrictions this
concise format, but by clicking on the headline year, taking advantage of the steep discount on
link for each section the full text will be available Urals and other grades of Russian crude oil.
as before.
GLNG: Bangladesh turns to Brunei for
AfrOil: ExxonMobil reportedly preparing to LNG supply
exit Equatorial Guinea Bangladesh has turned to Brunei for supplemen-
The US super-major ExxonMobil is ramping tal supplies of LNG. A delegation of officials from
down oil production at Block B, located offshore Bangladesh’s Energy and Mineral Resource Divi-
Equatorial Guinea, and aims to exit the country sion has visited Brunei’s capital of Bandar Seri
once its licence for the site expires in 2026, two Begawan to discuss shipments of up to 1.5mn
sources close to the matter informed Reuters. tonnes during 2023.
They said the US giant was motivated partly by
an industry-wide push to swap out ageing assets LatAmOil: BP affiliate to market Guyanese
in West Africa for frontier African initiatives that oil in 2023
have lower greenhouse gas emissions intensity. Guyana’s government has granted a subsidiary
of BP (UK) the right to market its share of crude
AsianOil: India’s embrace of gas backfires oil extracted from the Liza-1 and Liza-2 oilfields
India has embraced natural gas in the last few at the offshore Stabroek block in 2023. The Min-
years as a means of safeguarding its energy se- istry of Natural Resources announced that BP
curity at a low cost, even at the expense of its International had won the marketing contract
substantial domestic coal reserves. In the years for next year on November 24.
prior to the aftermath of the coronavirus (COV-
ID-19) pandemic, this was a rational choice just MEOG: Aramco makes gas discoveries
on an economic basis. Saudi Aramco has discovered two new uncon-
ventional gas fields in the Kingdom’s Eastern
EurOil: Norway to delay further frontier Province as it steps up its production efforts. In
licensing rounds until 2025 comments provided to the official Saudi Press
As Europe grapples with soaring energy prices, Agency, Energy Minister Prince Abdulaziz bin
Norway, the continent’s biggest natural gas sup- Salman Al-Saud reported that the discoveries
plier, has decided to hold off on future licensing were called Awtad and Al-Dahna. The discover-
rounds in frontier zones until at least 2025. The ies are understood to be tight gas.
decision – made as part of a budget agreement
between the minority government and the oppo- NorthAmOil: ExxonMobil, MHI to deploy
sition Socialist Left (SV) party – will have little CO2 capture technology
impact on near-term investment in Norway’s ExxonMobil and Mitsubishi Heavy Industries
continental shelf. (MHI) have joined forces to deploy MHI’s CO2
capture technology as part of ExxonMobil’s end-
FSU OGM: China stresses close energy to-end carbon capture and storage (CCS) solu-
relationship with Russia tion for industrial customers. The companies
China is eager to expand its partnership with bring complementary capabilities to facilitate
Russia in the energy sphere, Chinese President decarbonisation projects, said ExxonMobil. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

P18 www. NEWSBASE .com Week 49 08•December•2022