Page 14 - MEOG Week 42 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global (CNOOC) is mulling the sale of UK oil assets
(NRG), in which the reader is invited to join to Norway’s Equinor, the Norwegian press
our team of international editors, who provide a reported on October 17, citing sources as saying
snapshot of some of the key issues affecting their the deal price was NOK20-30bn ($1.9-2.9bn).
regional beats. CNOOC holds interests in a number of UK
By clicking on the headline link for each sec- North Sea fields including Buzzard, one of the
tion the full text will be available. largest in the region, as well as Golden Eagle,
Scott and Telford.
AfrOil: Fast-tracking East African pipeline
The governments of Tanzania and Kenya have FSUOGM: Exxon sees abrupt Russian exit
agreed to fast-track plans for the construction ExxonMobil confirmed to multiple media on
of a natural gas pipeline that will eventually October 17 that it had had its assets in Russia
connect the former country’s old capital, Dar es expropriated, marking an abrupt end to the
Salaam, to the latter’s capital city, Nairobi. nearly three decades that the US major has been
Kenyan President William Ruto confirmed working in the country.
reports to this effect on October 10, saying after The company entered Russia in 1995, secur-
a meeting with his Tanzanian counterpart Samia ing operatorship of the Sakhalin-1 oil project
Suluhu Hassan that his administration intended in the Russian Far East – often cited as one of
to move forward with the project. the most successful international oil ventures in
Russian history.
AsianOil: India kicks off licensing round
India is offering rights to 26 oil and gas blocks GLNG: Force majeure at Malaysian LNG
and 16 coal-bed methane blocks in its latest Malaysia’s Petronas has declared a force majeure
exploration licensing contest, the country’s on supplies from its Malaysian LNG facility fol-
upstream regulator announced last week, as New lowing a pipe leak, the company said last week,
Delhi looks to expand domestic crude supply. further exacerbating global supply constraints.
“There is an unprecedented interest in Indian The leak was caused by a soil movement at
exploration and production by global oil compa- the Sabah-Sarawak gas pipeline on September
nies,” Indian Oil Minister Hardeep Singh Puri 21.
said last week following a roadshow in Houston
in the US. LatAmOil: Ecuador plans 2024 auction
Ecuador’s government is drawing up plans for an
DMEA: Iraq’s OPEC+ compliance offshore licensing round for natural gas blocks in
Iraq has decided to carve out a path toward the Gulf of Guayaquil, Energy Minister Xavier
compliance with OPEC+ production targets Vera has said.
through the downstream sector rather than Vera told Reuters in an interview that Quito
the upstream sector in November, according would probably stage auctions for the blocks in
to Mohammad Saadoun Mohsen, the country’s 2024, after it wraps up the bidding process for a
OPEC representative. group of onshore licence areas next year.
Mohsen revealed details of the country’s
plan to Argus Media on October 11, explain- NorthAmOil: Diamondback to acquire FireBird
ing that Iraq would reduce domestic refinery Diamondback Energy has announced a major
throughput rather than cut production in order Midland Basin acquisition, having agreed to
to comply with its OPEC+ quota for the month purchase the Permian driller FireBird Energy
of November. for $1.6bn in cash and stock.
The purchase is of all leasehold interest and
EurOil: CNOOC considers sale to Equinor related assets for 5.86mn shares of Diamond-
State-owned China National Offshore Oil Corp. back common stock and $775mn in cash.™

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P14 www. NEWSBASE .com Week 42 19•October•2022