Page 18 - DMEA Week 42 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Russia expropriated, marking an abrupt end to
(NRG), in which the reader is invited to join our the nearly three decades that the US major has
team of international editors, as they provide a been working in the country. The company
snapshot of some of the key issues affecting their entered Russia in 1995, securing operatorship of
regional beats. We hope you will like NRG’s new the Sakhalin-1 oil and gas project in the Russian
concise format, but by clicking on the headline Far East.
link for each section the full text will be available
as before. GLNG: Petronas declares force majeure on
Malaysian LNG exports
AfrOil: Tanzania, Kenya agree to fast-track Malaysia’s Petronas has declared a force majeure
gas pipeline on supplies from its Malaysian LNG facility fol-
Tanzania and Kenya have agreed to fast-track lowing a pipe leak, the company said last week,
plans for the construction of a natural gas pipe- further exacerbating global supply constraints.
line that will eventually run from Dar es Salaam The leak was caused by a soil movement at the
to Nairobi. Kenyan President William Ruto con- Sabah-Sarawak pipeline on September 21.
firmed the plan on October 10, saying after a
meeting with his Tanzanian counterpart Samia LatAmOil: Ecuador to auction offshore gas
Suluhu Hassan that his administration intended blocks in 2024
to move forward with the project. Ecuador’s government is drawing up plans for an
offshore licensing round for natural gas blocks in
AsianOil: India kicks off licensing round the Gulf of Guayaquil, Energy Minister Xavier
India is offering exploration rights to 26 oil and Vera has said. Vera told Reuters in an interview
gas blocks and 16 coal-bed methane (CBM) that Quito would probably stage auctions for
blocks in its latest licensing contest, the coun- the blocks in 2024, after it wraps up the bidding
try’s upstream regulator has announced. “There process for a group of onshore licence areas next
is an unprecedented interest in Indian explora- year.
tion and production by global oil companies,”
Indian Oil Minister Hardeep Singh Puri said MEOG: Israel, Lebanon strike maritime
following a roadshow in Houston in the US. border deal
Israel and Lebanon have made a deal that resolves
EurOil: CNOOC eyes sale of North Sea their long-running dispute on the demarcation
assets to Equinor of their shared maritime border, despite techni-
China’s state-owned CNOOC is mulling the cally remaining at war with each other. Lebanon’s
sale of UK oil assets to Norway’s Equinor, the President Michel Aoun announced that the talks
Norwegian press reported on October 17, citing had come to “a positive end,” calling the agree-
sources as saying the deal price was NOK20- ment an “historic achievement.”
30bn ($1.9-2.9bn). China National Offshore Oil
Corp. (CNOOC) holds interests in a number of NorthAmOil: Diamondback to acquire
UK North Sea fields including Buzzard, one of FireBird for $1.6bn
the largest in the region, as well as Golden Eagle, Diamondback Energy has announced a major
Scott and Telford. Midland Basin acquisition, having agreed to
purchase the Permian driller FireBird Energy for
FSU OGM: ExxonMobil makes abrupt $1.6bn in cash and stock. The purchase is of all
Russian exit leasehold interest and related assets for 5.86mn
ExxonMobil confirmed to multiple news agen- shares of Diamondback common stock and
cies on October 17 that it had had its assets in $775mn in cash. ™

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P18 www. NEWSBASE .com Week 42 20•October•2022