Page 18 - NorthAmOil Week 04 2023

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global FSUOGM: Germany’s Wintershall Dea de-
(NRG), in which the reader is invited to join parts Russia
our team of international editors, who provide a Germany’s Wintershall Dea has announced it
snapshot of some of the key issues affecting their will exit Russia, noting that continuing its oper-
regional beats. We hope you will like NRG’s new ations in the country had become impossible.
concise format, but by clicking on the headline link Owned by German chemicals giant BASF and
for each section the full text will be available as Russian billionaire Mikhail Fridman’s LetterOne
before. business, Wintershall Dea has become the latest
international oil company to decide to leave
AfrOil: London court gives UKEF green Russia amid fallout from Moscow’s invasion of
light to fund Mozambique LNG Ukraine.
Friends of the Earth, an international environ-
mental group, has failed to overturn a lower GLNG: Pakistan looks to sell LNG sites to
court ruling green-lighting the UK’s plan to Qatar
provide funding for the Mozambique LNG Sources in Islamabad have indicated that the
project. The non-governmental organisa- government of Prime Minister Mian Muham-
tion (NGO) has been seeking to prevent UK mad Shehbaz Sharif is preparing to sell two of
Export Finance (UKEF), the British govern- the nation’s LNG-fired power plants to the gov-
ment’s export credit agency, from upholding a ernment of Qatar. The sale is thought to be part
pledge to provide up to $1.15bn in funding for of a bid by Islamabad to dodge responsibility
Mozambique LNG. for the non-payment of government debts, at
the same time as pulling in much sought-after
AsianOil: Indonesia misses oil and gas tar- foreign capital, although to date no such formal
get in 2022 confirmation to this end has been announced.
Indonesia missed its target for oil and gas
production last year as a result of unsched- LatAmOil: Whiptail identified as sixth de-
uled facility closures and declining flow from velopment project at Stabroek
mature fields, upstream regulator SKK Migas ExxonMobil Guyana, a subsidiary of the US
said on January 18. But upstream investment super-giant ExxonMobil, has named the Whip-
is said to be on the rise, it said. tail oilfield as the main target of its sixth devel-
opment project at the Stabroek block. According
DMEA: Angola and Zambia boost ties to a notice from Guyana’s Environmental Pro-
Angola and Zambia last week concluded bilat- tection Agency, the company has asked to begin
eral negotiations on infrastructure deals that the authorisation process for work at Whiptail.
appear set to bring long-awaited progress on a
major cross-border pipeline. Zambian President MEOG: Masirah completes Oman drilling
Hakainde Hichilema told a joint news confer- Masirah Oil Ltd (MOL) has completed a two-
ence in Luanda that he was “aware that a num- well drilling campaign that started in its Block
ber of agreements have been signed by the two 50 concession offshore Oman late last year. The
countries in this regard and despite some of these drilling work comprised workover drilling at the
being signed under the previous government, Yumna-3 well and the drilling of the Yumna-4
ours is to pick up where they left off and ensure well.
that these projects are implemented.”
NorthAmOil: ExxonMobil prepares to start
EurOil: Equinor hails Norway’s first hydro- up $2bn refinery expansion in Texas
carbon discovery of the year ExxonMobil will soon start up a $2bn refinery
Norway’s Equinor has hailed the country’s first expansion in Beaumont, on the Gulf Coast of
oil and gas discovery of the year, noting it can Texas, reports Reuters. The move will sharply
be tied to another nearby field set for develop- boost gasoline and diesel output at the plant
ment. Equinor and its partners Wintershall Dea and make the refinery the second largest in the
and Petoro made the commercial gas discovery US.
at production licence 1128 in the Norwegian Sea,
assessing its size at somewhere between 12.6 and See the archive and sign up to receive NRG Editor’s
69.2mn barrels of oil equivalent. Picks for free by email each week here.™

P18 www. NEWSBASE .com Week 04 26•January•2023