Page 17 - LatAmOil Week 39 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global a new mini-budget announced on September
(NRG), in which the reader is invited to join 3. Like her predecessor Boris Johnson, Truss
our team of international editors, who provide a is keen to develop more home-grown energy
snapshot of some of the key issues affecting their sources, as UK households and businesses cope
regional beats. We hope you will like NRG’s new with soaring energy costs.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: Pressure drops in Nord Stream
as before. pipelines as gas leaks into sea
Pressure fell in both branches of the Nord Stream
AfrOil: Sonatrach CEO says Algeria can gas pipeline from the giant Russian Yamal Arc-
meet Italian gas supply pledges tic gas fields to Germany on the evening of Sep-
Algeria will be able to supply Italy with at least tember 26, reportedly due to a leak in the NS2
25bn cubic metres of natural gas this year, said pipeline. The leaks were reported by the Danish
Tewfik Hakkar, the CEO of the national oil com- authorities, which ordered ships to maintain a
pany (NOC) Sonatrach, following reports that 5-km radius away from the pipelines that run
the North African country might not be able under the Baltic Sea through Danish waters,
to uphold its commitment to increase deliver- describing the area as “dangerous for ship traffic.”
ies. Hakkar told Bloomberg that Sonatrach was
set to export 25.2 bcm of gas to Italy in 2022. GLNG: Germany aims to sign LNG supply
deals with UAE
AsianOil: Mubadala makes gas discovery Germany’s Economic Affairs and Climate
offshore Malaysia Action Minister Robert Habeck said on Septem-
UAE-based Mubadala Petroleum and its part- ber 19 that Chancellor Olaf Scholz would sign
ners Shell and Malaysia’s Petronas have made deals for LNG supplies during an upcoming trip
a sizable natural gas find at Block SK320 off the to the UAE. Speaking in Lubmin at the site of a
coast of Bintulu, Sarawak, in Malaysia, Petronas new LNG terminal, Habeck said the UAE could
said on September 20. The discovery was made help Germany diversify natural gas supplies.
with a well drilled to a depth of 1,680 metres.
MEOG: Arabian Drilling prepares for IPO
DMEA: ARIA Commodities to build new Saudi firm Arabian Drilling Co., owned by the
downstream facilities in HFZA local Industrialization & Energy Services Co.
UAE-based ARIA Commodities will invest (TAQA, 51%) and Schlumberger (49%), has
AED154mn ($41.93mn) in the construction appointed banks to manage its initial public
of four new downstream and petrochemical offering. The company released a statement say-
facilities in the Hamriyah Free Zone (HFZA) in ing it would sell 26.7mn shares, 30% of the total,
Sharjah. Company executives unveiled the plan when it lists on the local Tadawul All Share Index
during a ceremony marking the signing of a lease (TASI) – the Riyadh stock exchange.
agreement between HFZA and ARIA Group, the
parent company of ARIA Commodities. NorthAmOil: Talos to expand Gulf holdings
with EnVen acquisition
EurOil: UK government set to fast-track Talos Energy announced on September 22 that
key oil and gas projects it had agreed to acquire privately owned US Gulf
The new UK government, headed by Prime Min- of Mexico operator EnVen for $1.1bn. Hou-
ister Liz Truss, will fast-track the development of ston-based Talos says it was already one of the
new oil and gas fields, including the giant Cambo Gulf’s largest publicly listed independent pro-
oil deposit west of the Shetland Islands, under ducers prior to the acquisition. ™

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Week 39 28•September•2022 www. NEWSBASE .com P17