Page 12 - NorthAmOil Week 43 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global October 17 that it had had its assets in Russia
(NRG), in which the reader is invited to join expropriated, marking an abrupt end to the
our team of international editors, who provide a nearly three decades that the US major has been
snapshot of some of the key issues affecting their working in the country. The company entered
regional beats. We hope you will like NRG’s new Russia in 1995, securing operatorship of the
concise format, but by clicking on the headline link Sakhalin-1 oil project in the Russian Far East –
for each section the full text will be available as often cited as one of the most successful interna-
before. tional oil ventures in Russian history.

AfrOil: Museveni defends Uganda’s oil de- GLNG: Mozambique expects to dispatch
velopment plans history-making first LNG export by end of
Uganda’s President Yoweri Museveni has said October
that his government is committed to reaching Mozambique is on track to export its first LNG
carbon neutrality by 2050 but does not expect cargo from the Coral field, located off the coast
fossil fuel consumption to be eliminated com- of the country’s northernmost Cabo Delgado
pletely within the next few decades. In a speech province, by the end of October, Macao News
at a climate summit in Johannesburg, Museveni reported on October 19. The publication, based
declared that his country was on track to bring in a special administrative region of China,
net carbon dioxide emissions down to zero by quoted Mozambique’s Finance Minister Max
the middle of the century. Tonela as saying to the Portuguese news agency
Lusa: “We hope that before the end of October
AsianOil: Woodside achieves profit record the first export of LNG produced by Mozam-
amid high gas price bique will take place.”
Australia’s biggest oil and gas producer
Woodside Energy achieved record output and LatAmOil: Guyana to reserve offshore
sales in the third quarter, thanks to soaring blocks for bilateral partnerships
gas prices and the wrap-up of its merger with Guyana’s President Irfaan Ali has said that his
BHP’s petroleum division. The LNG exporter government intends to set some sections of the
also raised its output guidance after its $40bn country’s offshore zone aside for partnerships
tie-up with BHP’s petroleum business was with other countries under bilateral accords
completed in June. rather than including them in competitive
licensing rounds. Speaking at a press conference,
DMEA: Russian fuel deliveries to Middle Ali said that Georgetown intended to dispose of
East remain high in September a number of unassigned blocks in this fashion.
Russia continued to deliver higher than usual
volumes of petroleum products to buyers in MEOG: Gaza nears deal for offshore explo-
the Middle East in September, even though ration
deliveries dropped month on month, accord- Following the recent maritime delimitation
ing to Vortexa data cited by Argus Media. On agreement between Israel and Lebanon, the
October 19, Argus Media explained that Rus- Palestinian Authority (PA) appears close to an
sian sellers had been sending about 250,000- upstream development deal offshore the Gaza
450,000 tonnes per month of refined fuel to Strip. Egypt’s Petroleum and Mineral Resources
the Middle East prior to the outbreak of war in Minister Tarek El-Molla held talks with Pales-
Ukraine in late February. tinian Prime Minister Muhammed Shtayyeh
and Israeli representatives to pursue the devel-
EurOil: Will Europe’s energy supply allow it opment of the Gaza Marine gas field.
to make it through the winter?
Europe has filled its gas storage facilities to NorthAmOil: Continental to be acquired by
close to 95% of capacity, and while gas prices Hamm family in sweetened $4.3bn deal
are still very high, they are substantially down Shale producer Continental Resources will
from previous spikes. How the continent’s merge with Omega Acquisition, an Okla-
energy system will fare this winter, however, homa corporation owned by Continental’s
will depend on a number of factors – many of founder, Harold Hamm. The company, one
which are highly unpredictable. of the US’ largest independent oil companies,
will become private.
FSUOGM: ExxonMobil sees abrupt Rus-
sian exit, saying assets expropriated See the archive and sign up to receive NRG Editor’s
ExxonMobil confirmed to multiple media on Picks for free by email each week here.™

P12 www. NEWSBASE .com Week 43 27•October•2022