Page 13 - MEOG Week 45 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global EurOil: Estonia gives up on Finnish LNG
(NRG), in which the reader is invited to join The Estonian three-party government has
our team of international editors, who provide a decided that Estonia will give up its stake in the
snapshot of some of the key issues affecting their company that operates the Finnish LNG termi-
regional beats. nal and spend the €30mn budgeted for this pur-
By clicking on the headline link for each sec- pose to buy additional gas reserves.
tion the full text will be available. “We decided not to acquire a stake in the
company that operates the Finnish LNG termi-
AfrOil: Ntorya may launch early nal and use the €30mn set aside in the supple-
ARA Petroleum Tanzania Ltd (APT) is looking mentary budget for this purpose to [replenish]
to launch commercial production at the Ntorya Estonia’s gas reserves,” Prime Minister Kaja
natural gas field in southern Tanzania almost a Kallas said at a government press conference.
year ahead of schedule despite a setback in its
drilling schedule. FSUOGM: Uniper hit by Russian gas losses
According to Aminex, a non-operating Uniper has posted a €40bn ($39bn) loss for the
shareholder in Ruvuma, APT pushed the tar- first nine months of this year, marking one of the
get date for spudding the Chikumbi-1 (CH-1) biggest losses in German corporate history. The
well at Ntorya back to March 2023 after receiv- reasons are well-known.
ing new information on rig availability and The company had its Russian gas supply
consulting with Tanzanian authorities and its drastically cut over the summer, before it ended
contractors. completely at the end of August.
AsianOil: Tokyo asks for LNG support GLNG: Indonesia may reverse LNG role
The Japanese government has reached out to With the likes of Australia, Qatar and the US
Malaysia’s Petroliam Nasional Berhad (Petro- now by far the world’s biggest LNG exporters, it
nas) to request the firm’s help with alleviating is hard to imagine that this was a title once held,
any LNG supply issues to customers in Japan in 1990, by Indonesia.
following the Sabah-Sarawak Pipeline leak in That year the country delivered 20.35mn
late September. tonnes of the super-cooled gas to the global mar-
Already facing pressure to guarantee ample ket, accounting for 38.4% of overall trade.
LNG deliveries as Russia threatens to cut off sup-
plies, and with temperatures across the country LatAmOil: Wei-1 postponed again
already starting to drop, Japanese buyers are Canada’s CGX Energy has been forced once
clambering to source cargoes to replace those again to postpone the spudding of Wei-1, its
delayed by the leak. second exploration well at the Corentyne block
offshore Guyana.
DMEA: Iran sells 12% stake in PGIPC In a statement, CGX explained that the delay
Iran’s government has reportedly sold 12% of was beyond its control.
the country’s largest petrochemical producer,
Persian Gulf Petrochemical Industries (PGPIC), NorthAmOil: Marathon’s Eagle Ford deal
to a unit of the country’s oil pension fund for Marathon Oil has agreed to acquire the Eagle
IRR1.087 quadrillion ($3.3bn at the free market Ford shale assets of Ensign Natural Resources
rate), a privatisation record. for $3bn cash. The assets – in the core of the play
“Moments ago, stocks of this company were – nearly double Marathon’s Eagle Ford position
sold for a total price of 1,087 trillion rial. It and are adjacent to Marathon’s existing Eagle
was the largest privatisation scheme ever con- Ford wells.
ducted in the country’s history,” said Hossein The transaction, expected to close by the end
Ghorbanzade, who heads Iran’s Privatisation of the year, will add 526.1 net square km with a
Organisation. 97% working interest.™

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