Page 21 - AfrOil Week 40 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global 30. The deal has been complicated by a previous
(NRG), in which the reader is invited to join our decree issued in August, which bars foreign firms
team of international editors, as they provide a from closing sales of their assets without Putin’s
snapshot of some of the key issues affecting their direct approval.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: RWE, ADNOC sign documents on
link for each section the full text will be available LNG supplies
as before. Germany’s RWE revealed on September 25
that it had signed documents with Abu Dhabi
AsianOil: PNG offers Japan priority access National Oil Co. (ADNOC) of the UAE on LNG
to new gas fields, LNG projects supplies. One of the documents is an agreement
Papua New Guinea is offering Japanese com- that provides for ADNOC to make its first com-
panies priority access to invest in new gas fields mercial delivery of LNG to Germany.
and LNG projects as part of ongoing trade talks
between the two countries focused on energy LatAmOil: Ecopetrol head reports less
security, PNG Prime Minister James Marape Colombian oil is going to Asia
said on September 27. According to Marape, Colombia’s national oil company (NOC) Ecopet-
Kishida stressed Japan’s need for increased secu- rol is sending a smaller share of its oil exports to
rity and was eager to expand bilateral trade. Asia this year, as competition for Asian market
share has ramped up in recent months, accord-
DMEA: Oil begins flowing to Karbala ing to Felipe Bayon, the firm’s CEO. Bayon told
refinery in Iraq Reuters that Asia had absorbed about 60% of
Iraq’s Oil Ministry said on September 25 that the Ecopetrol’s exports in 2021.
Karbala refinery had begun receiving feedstock
in preparation for trial production. Oil is now MEOG: First deal signed for Qatar’s North
flowing to the 140,000 barrel per day (bpd) plant Field South
through a pipeline that originates in fields near TotalEnergies (France) has been named as state-
Basra, the ministry noted in a statement. owned QatarEnergy’s first international partner
for an expansion project at its key North Field
EurOil: Norway to patrol seas near oil, gas gas asset. North Field South (NFS) will comprise
assets two LNG production trains with a combined
Norway will co-ordinate patrols of the waters capacity of 16mn tonnes per year (tpy), taking
around its oil and gas platforms with the UK, the country’s overall export capacity to 126mn
Germany and France, following suspected sab- tpy by 2027.
otage at the Nord Stream 1 and 2 pipelines. Nord
Stream 1 and 2, which run from Russia to Ger- NorthAmOil: TotalEnergies unveils plan to
many, sustained four leaks on September 26, and spin off oil sands operations
Moscow and various European governments France’s TotalEnergies has unveiled plans to
believe that sabotage was likely the cause. spin off its oil sands operations in Canada into a
new company, as those assets do not align with
FSU OGM: Enel wraps up Russian sale to its energy transition goals. The spin-off would
Lukoil, local fund include TotalEnergies’ 24.58% stake in Suncor
President Vladimir Putin authorised Italy’s Enel Energy’s Fort Hills oil sands mining project in
to sell a majority share in its Russian unit to oil northern Alberta, its 50% stake in ConocoPhil-
major Lukoil and investment fund Gazprom- lips’ Surmont thermal project and midstream
bank-Frezia in a decree issued on September and trading-related activities. ™

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Week 40 06•October•2022 www. NEWSBASE .com P21