Page 17 - LatAmOil Week 47 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global office said on November 17. Producers are now
(NRG), in which the reader is invited to join expected to invest NOK175.3bn ($17.4bn) in the
our team of international editors, who provide a country’s offshore oil and gas fields this year, ver-
snapshot of some of the key issues affecting their sus an August forecast of NOK172.8bn.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline FSU OGM: Russian fossil fuel exports
link for each section the full text will be available slump in October
as before. Russian fossil fuel exports slumped in October
to their lowest level since the start of Moscow’s
AfrOil: Eni, CNOOC submit bids for six invasion of Ukraine, a Finnish think-tank has
blocks offshore Mozambique estimated. Revenues came to €21bn ($22bn)
Mozambique’s sixth licensing round has in October, Finland’s Centre for Research on
attracted a total of six bids, with Italy’s Eni Energy and Clean Air (CREA) said in research
making an offer for one offshore block in the published on November 16.
Angoche basin and China National Offshore
Operating Corp. (CNOOC) making offers for GLNG: African NGOs call for suspension
five blocks in the Angoche and Save basins, the of Tema LNG project in Ghana
National Petroleum Institute (INP) has said. A group of African non-governmental organ-
isations (NGOs) has called for the suspension
AsianOil: Petroleum Sarawak plans four of the Tema LNG project in Ghana, arguing
gas hubs over next decade that the deal could end up costing the country
The Malaysian state of Sarawak on the island of $1.5bn. Tema LNG, whose operator is backed by
Borneo intends to build four gas hubs across its Helios Investment Partners of the UK and Afri-
territory over the next 10 years in accordance can Infrastructure Investment Managers (AIIM)
with its Gas Roadmap. State-owned oil and gas of the Netherlands, is key to Ghana’s plans to
company Petroleum Sarawak Bhd (Petros) will become a gas hub .
invest MYR65bn ($14.3bn) to build gas hubs in
Miri, Samalaju, Bintulu and Kuching. MEOG: POGC to drill more at South Pars
Iran’s state-owned Pars Oil and Gas Co. (POGC)
DMEA: Iranian petrochemical companies will drill 35 new wells to maintain and expand
look upstream gas production from the South Pars gas field.
A consortium of Iranian petrochemical compa- Speaking to the Ministry of Petroleum’s Shana
nies has commenced the process of developing news agency, Shobeir Nabavi, POGC’s deputy
three natural gas fields in Iran. This is the first head of Reservoir Operations Engineering, said
time in the history of the country’s hydrocarbon the company has obtained the necessary permits
industry that petrochemical companies have from the ministry to spud 35 new wells at the
taken such a step, noted the secretary-general of field within the next two or three years.
the Iranian Petrochemical Industry Employers
Association, Ahmad Mahdavi Abhari. NorthAmOil: Biden announces tighter
methane rule for US oil and gas industry
EurOil: Norwegian producers expanding The Biden administration has unveiled a pro-
investment projections posed tighter methane rule for the oil and gas
Norwegian oil and gas companies have increased sector as the US races to cut greenhouse gas
their projections for investment in 2022, eager to (GHG) emissions. Methane, the major com-
exploit the remaining time available for projects ponent of natural gas and which can leak from
to receive tax incentives, the country’s statistics pipelines, is an especially potent GHG. ™

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.

Week 47 23•November•2022 www. NEWSBASE .com P17