Page 18 - DMEA Week 50 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global third trains should come online in 2024 and
(NRG), in which the reader is invited to join our 2026 as initially planned, a project director told
team of international editors, as they provide a reporters on December 12.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: Sempra signs offtake agreement
concise format, but by clicking on the headline with Port Arthur LNG
link for each section the full text will be available Sempra has announced an offtake agreement
as before. with Engie for liquefied natural gas from Sem-
pra’s proposed Port Arthur LNG facility. For 15
AfrOil: BW Energy preparing for 3D study years, Engie will receive some 0.875mn tonnes
of Kudu field per year of LNG from the Port Arthur LNG
BW Energy (Norway) says it will conduct a 3D Phase I project, on the Gulf of Mexico.
seismic survey of the Kudu natural gas field off-
shore Namibia in order to identify additional LatAmOil: Stabroek partner to buy
exploration targets and attract a new investment $750mn in carbon credits from Guyana
partner. The Oslo-listed firm has signed a con- US-based Hess, a minority shareholder in the
tract on the collection of 4,600 square km of 3D Stabroek block, has signed an agreement with
seismic data from Production Licence 3, an off- the government of Guyana on the purchase of
shore block that includes the Greater Kudu area. 37.5mn carbon credits between 2022 and 2032.
The document, which was finalised at a cere-
AsianOil: Petronas makes “significant” oil mony witnessed by the company’s CEO John
find off Malaysia Hess and Guyanese President Irfaan Ali, pro-
Malaysia’s Petronas has reported what it de- vides for Hess to acquire 2.5mn carbon credits
scribes as a “significant” oil discovery at a well per year for the period between 2016 and 2030.
off the coast of Sarawak. The find was made at
the Nahara-1 well at Block SK306, some 150 MEOG: ADNOC and Malaysia’s Petronas
km from Bintulu, where Malaysia’s main LNG sign unconventional deal
export is located. Abu Dhabi National Oil Co. (ADNOC) this
week signed a deal with Petronas that awards
EurOil: Neptune makes third oil, gas find the Malaysian firm the first concession for
in six months unconventional oil development in the Middle
Neptune Energy has made its third oil and gas East. Under the terms of the agreement, Petro-
discovery in the last six months, in the Norwe- nas was granted 100% operatorship of the six-
gian Sea, the Norwegian Petroleum Directorate year exploration phase of the Unconventional
(NPD) reports, estimating the size of the find Onshore Block 1 asset which covers more than
at 6.3mn-22mn barrels of oil equivalent. The 2,000 square km in the western Al Dhafra region
Calypso discovery well, 14 km north-west of the of Abu Dhabi.
Neptune-operated Draugen field, encountered
an 8-metre gas column and a 30-metre oil col- NorthAmOil: Los Angeles bans new oil
umn in the Garm formation. wells, to close existing wells
Los Angeles city councillors have voted unan-
FSU OGM: Novatek says Arctic LNG-2 imously to ban existing oil wells within city
remains on track for 2023 launch boundaries immediately, and to phase out exist-
The first train at Novatek’s 20mn tonne per year ing ones within 20 years. There are 26 oil and
Arctic LNG-2 project is still on track to start up gas fields – and some 5,000 wells – within the
in December next year, while the second and metropolis, the country’s second-largest. ™

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P18 www. NEWSBASE .com Week 50 15•December•2022