Page 15 - EurOil Week 43 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Mozambique Expects To Dispatch
(NRG), in which the reader is invited to History-Making First LNG Export By End Of
join our team of international editors, October
who provide a snapshot of some of the key Mozambique is on track to export its first
issues affecting their regional beats. We LNG cargo from the Coral field, located
hope you will like NRG's new concise for- off the coast of the country’s northernmost
mat, but by clicking on the headline link Cabo Delgado province, by the end of Octo-
for each section the full text will be avail- ber, Macao News reported on October 19.
able as before. The publication, based in a special
administrative region of China, quoted
AfrOil: Museveni Defends Uganda’s Oil De- Mozambique’s Finance Minister Max
velopment Plans Tonela as saying to the Portuguese news
Uganda’s President Yoweri Museveni has agency Lusa: “We hope that before the end
said that his government is committed to of October the first export of LNG pro-
reaching carbon neutrality by 2050 but does duced by Mozambique will take place.”
not expect fossil fuel consumption to be
eliminated completely within the next few LatAmOil: Guyana To Reserve Offshore
decades. Blocks For Bilateral Partnerships
Guyana’s President Irfaan Ali has said that
AsianOil: Woodside Achieves Profit Record his government intends to set some sec-
Amid High Gas Price tions of the country’s offshore zone aside
Australia’s biggest oil and gas producer for partnerships with other countries under
Woodside Energy achieved record output bilateral accords rather than including
and sales in the third quarter, thanks to them in competitive licensing rounds.
soaring gas prices and the wrap-up of its Speaking at a press conference, Ali said
merger with BHP’s petroleum division. that Georgetown intended to dispose of a
The LNG exporter also raised its out- number of unassigned blocks in this fash-
put guidance after its $40bn tie-up with ion. He did not identify any of the sites
BHP’s petroleum business was completed that might be subject to this arrangement
in June. Full-year production guidance but noted that the government of Barbados
was increased by 3% to 153-157mn barrels had also opted to reserve some of its licence
of oil equivalent (boe). areas for partner countries.

DMEA: UAE’s Retail Fuel Consumption Up MEOG: Gaza Nears Deal For Offshore Ex-
The UAE is seeing retail fuel consump- ploration
tion grow on the back of improvements in Following the recent maritime delimita-
the economy, but without returning to the tion agreement between Israel and Leb-
level that prevailed before the coronavirus anon, the Palestinian Authority (PA)
(COVID-19) pandemic, according to Saif appears close to an upstream develop-
Humaid Al Falasi, the group CEO of Emir- ment deal offshore the Gaza Strip.
ates National Oil Co. (ENOC). Egypt’s Petroleum and Mineral Resources
Minister Tarek El-Molla held talks with Pales-
FSUOGM: ExxonMobil Sees Abrupt Russian tinian Prime Minister Muhammed Shtayyeh
Exit, Saying Assets Expropriated and Israeli representatives to pursue the
ExxonMobil confirmed to multiple development of the Gaza Marine gas field.
media on October 17 that it had had its
assets in Russia expropriated, marking NorthAmOil: Continental To Be Acquired By
an abrupt end to the nearly three dec- Hamm Family In Sweetened $4.3bn Deal
ades that the US major has been working Shale producer Continental Resources will
in the country. merge with Omega Acquisition, an Oklahoma
The company entered Russia in 1995, corporation owned by Continental's founder, See the archive and
securing operatorship of the Sakhalin-1 Harold Hamm. sign up to receive
oil project in the Russian Far East – often The company, one of the US’ largest inde- *NRG Editor’s Picks*
cited as one of the most successful interna- pendent oil companies, will become private. for free by email each
tional oil ventures in Russian history. The deal is valued at $4.3bn. week here

Week 43 29•October•2022 www. NEWSBASE .com P15