Page 12 - NorthAmOil Week 41 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global 7 ordered the seizure of the ExxonMobil-led
(NRG), in which the reader is invited to join Sakhalin-1 oil project, signing a decree that
our team of international editors, who provide a establishes a new operator to manage the devel-
snapshot of some of the key issues affecting their opment. It follows a similar presidential decree
regional beats. We hope you will like NRG’s new introduced at the end of June, under which Rus-
concise format, but by clicking on the headline link sia transferred all rights and obligations of the
for each section the full text will be available as consortium managing the Sakhalin-2 project to
before. a Russian entity.

AfrOil: DR Congo rejects US request to GLNG: Kinder Morgan sells half its stake in
scale back onshore licensing round Elba Island LNG
The Democratic Republic of Congo (DRC) has Kinder Morgan announced on September 27
rejected a request from US climate envoy John that it had closed the sale of a 25.5% interest in
Kerry to reduce the number of blocks included the Elba Liquefaction Co. (ELC) joint venture,
in its current onshore licensing round from 30 to which operates a liquefaction plant on Elba
24, Environment Minister Eve Bazaiba revealed Island in Georgia. The stake, which represents
on October 5. According to Bazaiba, Kerry half of Kinder Morgan’s interest in ELC, has
made the request at a meeting with the DRC’s been sold to an undisclosed buyer for around
President Felix Tshisekedi on October 4, arguing $565mn.
that preventing oil and gas exploration at those
blocks was necessary to protect forests. LatAmOil: Staatsolie confirms plans for
deepwater auctions in Q4-2022
AsianOil: EIG vehicle snaps up stakes in Staatsolie, the national oil company of Suriname,
Australian LNG projects for $2.15bn has confirmed that it still intends to launch a
MidOcean Energy, backed by US private equity licensing round for deepwater acreage before the
group EIG, has struck a deal to acquire Tokyo end of this year. Representatives of the company
Gas’ interests in four integrated Australian made statements to this effect at the Guyana
LNG projects for $2.15bn in cash, EIG said in a Basins Summit (GBS) 2022. At the conference,
statement on October 7. The projects – Gorgon they reported that Staatsolie would be kicking off
LNG, Ichthys LNG, Pluto LNG and Queens- the licensing round before the end of the fourth
land Curtis LNG – are situated on Australia’s quarter of 2022.
east and west coasts and are major suppliers of
LNG to Asian markets. MEOG: NewMed, Capricorn merger
NewMed Energy announced this week that it
DMEA: UAE’s retail fuel consumption up would merge with UK-based Capricorn Energy
The UAE is seeing retail fuel consumption grow in a shares-plus-cash deal that combines a
on the back of improvements in the economy, wealth of gas-rich assets around the Mediter-
but without returning to the level that prevailed ranean. The agreement will see shareholders in
before the coronavirus (COVID-19) pandemic, Capricorn – formerly Cairn Energy – receive a
according to Saif Humaid Al Falasi, the group special dividend of $620mn and the new entity
CEO of Emirates National Oil Co. (ENOC). will be listed under NewMed – formerly Delek
Speaking to Khaleej Times on the sidelines of an Drilling – whose shareholders will hold an
industry conference, Al Falasi noted that Emirati 89.7% stake in the new “MENA gas and energy
fuel markets had not yet fully recovered from the champion”.
blows sustained in 2020.
NorthAmOil: Suncor to offload wind, solar
EurOil: EU members still fail to make head- assets in shift in energy transition focus
way on gas price cap proposal Leading oil sands producer Suncor Energy
EU leaders convened once more on October said on October 5 that it had agreed to sell its
7 to discuss the introduction of a price cap wind and solar assets to ATCO-owned Cana-
on gas imports, but once more, member states dian Utilities for CAD730mn ($527mn). In
failed to decide on what form the measure a statement, the company said it would shift
would take. Ahead of the summit, a majority its focus to areas that were more complemen-
of EU countries asked the European Commis- tary to its core business, such as hydrogen
sion to propose the gas prices. and renewable fuels, in line with previous
announcements.
FSUOGM: Russia seizes Sakhalin-1 oil
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P12 www. NEWSBASE .com Week 41 13•October•2022