Page 14 - MEOG Week 50 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global 30-metre oil column in the Garm formation,
(NRG), in which the reader is invited to join with reservoir quality of “good to very good,”
our team of international editors, who provide a the NPD said. The water depth of the site was
snapshot of some of the key issues affecting their 271 metres.
regional beats.
By clicking on the headline link for each sec- FSUOGM: Arctic LNG-2 still on track
tion the full text will be available. The first train at Novatek’s 20mn tonne per year
(tpy) Arctic LNG-2 project is still on track to
AfrOil: BW Energy prepares for Kudu study start up in December next year, while the second
BW Energy (Norway) says it will conduct a 3D and third trains should come online in 2024 and
seismic survey of the Kudu natural gas field off- 2026 as initially planned, a project director told
shore Namibia in order to identify additional reporters on December 12.
exploration targets and attract a new investment There have been heightened concerns about
partner. whether the timeframe for Arctic LNG-2’s
The Oslo-listed firm revealed in a statement development will be revised in light of Western
on December 2 that it had signed a contract on sanctions and other fallout from Moscow’s inva-
the collection of 4,600 square km of 3D seismic sion of Ukraine.
data from Production Licence 3, an offshore
block that includes the Greater Kudu area. GLNG: Sempra signs offtake Port Arthur deal
Sempra has announced an offtake agreement
AsianOil: Petronas makes “significant” find with Engie for liquefied natural gas (LNG) from
Malaysia’s Petronas has reported what it Sempra’s proposed Port Arthur LNG facility.
describes as a “significant” oil discovery at a well For 15 years, Engie will receive some
off the coast of Sarawak. 0.875mn tonnes per year (tpy) of LNG from the
The find was made at the Nahara-1 well at Port Arthur LNG Phase I project, on the Gulf of
Block SK306, some 150 km from Bintulu, where Mexico. The LNG project is owned by Sempra
Malaysia’s main LNG export is located. Infrastructure, a subsidiary of Sempra.

DMEA: TNP, Forcados hikes Nigeria output LatAmOil: Hess to buy Guyana credits
Nigeria has pushed crude oil production up US-based Hess, a minority shareholder in the
to 1.6mn barrels per day (bpd) thanks to the offshore Stabroek block, has signed an agree-
re-opening of the Forcados terminal and the ment with the government of Guyana on the
partial resumption of shipments through the purchase of 37.5mn carbon credits between
Trans-Niger Pipeline (TNP), according to a sub- 2022 and 2032.
sidiary of Nigerian National Petroleum Co. Ltd . The document, which was finalised at a cer-
Bala Wunti, the head of National Upstream emony witnessed by the company’s CEO John
Investment Management Services (NUIMS), Hess and Guyanese President Irfaan Ali, pro-
told Arise TV in an interview on December 7 vides for Hess to acquire 2.5mn carbon credits
that output levels had risen by 350,000 bpd due per year for the period between 2016 and 2030.
to these developments.
NorthAmOil: Los Angeles bans new oil wells
EurOil: Neptune makes third find in six months Los Angeles city councillors have voted unan-
Neptune Energy has made its third oil and gas imously to ban existing oil wells within city
discovery in the last six months, in the Norwe- boundaries immediately, and to phase out exist-
gian Sea, the Norwegian Petroleum Directorate ing ones within 20 years.
(NPD) reported on December 9, estimating There are 26 oil and gas fields – and some
the size of the find at 6.3mn-22mn barrels of oil 5,000 wells – within the metropolis, the coun-
equivalent (boe). try’s second largest. Not all are active. LA’s oil
The Calypso discovery well, 14 km north- wells have been called the largest urban system
west of the Neptune-operated Draugen field, of oil production, though the oil production is
encountered an 8-metre gas column and a in decline.™

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P14 www. NEWSBASE .com Week 50 14•December•2022