Page 17 - EurOil Week 38 2022

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global The country’s energy income amounted to
(NRG), in which the reader is invited to join RUB672bn last month, or $11.1bn, mark-
our team of international editors, who provide a ing the lowest volume since June 2021,
snapshot of some of the key issues affecting their according to the Russian finance ministry.
regional beats. We hope you will like NRG's new The income fell 13% from July, and was
concise format, but by clicking on the headline down 3.4% from a year earlier.
link for each section the full text will be available
as before. GLNG: Woodside Signs Binding Supply
Agreements With Commonwealth LNG
AfrOil: UNOC Sees EACOP Financing A Woodside Energy subsidiary, Woodside
Wrapped Up Soon Energy Trading Singapore, has converted
A representative of Uganda National Oil Co. its non-binding heads of agreement (HoA)
(UNOC) has said that the East Africa Crude deals with the US’ Commonwealth LNG into
Oil Pipeline (EACOP) consortium expects to two binding sale and purchase agreements
wrap up arrangements for funding its $4bn (SPAs).
project by the end of November. The SPAs cover the supply of up to 2.5mn
According to Peter Muliisa, UNOC’s tonnes per year (tpy) of LNG over a 20-year
chief legal and corporate affairs officer, the period from Commonwealth’s proposed
group is still in the process of negotiating export terminal in Louisiana, on the US Gulf
with the banks prepared to help finance the Coast.
pipeline, which will pump oil from fields in
western Uganda to the Indian Ocean. LatAmOil: Trinidad And Tobago’s PM Seeks
More Leverage Over Gas Strategy
AsianOil: Australia Awards Permits For Keith Rowley, the prime minister of Trin-
Evaluation Of CCS Opportunities idad and Tobago, wants his country’s gov-
The Australian government has awarded ernment to have more say in decisions
permits for companies to undertake evalu- about exploration, production and devel-
ation and appraisal work for the potential opment strategies in the natural gas sector.
storage of carbon dioxide (CO2) in the coun- Speaking after a meeting with several of
try’s waters. the biggest investors in Trinidad and Toba-
On September 5, Santos announced that go’s gas industry, Rowley noted that the gas
it had been awarded permits G-9-AP and sector was facing significant challenges.
G-11-AP to pursue carbon capture and stor-
age (CCS) opportunities in the Carnarvon MEOG: Iraq To Begin Offshore Search
and Bonaparte basins, offshore Western Aus- Iraq will shortly sign off on a contract to
tralia, alongside its joint venture partners. enable work to begin on the first surveys
within the country’s limited offshore area
DMEA: Iran Offers To Complete Gas Pipe- as Baghdad seeks to add to reserves and
line To Pakistan maintains drilling momentum onshore.
Mohammed Ali Hosseini, the Iranian Quoted by the Ministry of Oil’s (MoO)
ambassador to Pakistan, said last week that website and the Iraqi News Agency (INA),
Iran’s government was prepared to complete Oil Minister Ihsan Abdul Jabbar stressed
a natural gas pipeline to neighbouring Paki- the importance of the surveys, noting that
stan as part of a wider effort to expand ties in “expectations and studies indicate that
the energy sector. [the area] contains hydrocarbons”.
“To further strengthen trade co-oper-
ation with Pakistan, completion of energy NorthAmOil: Tamarack Valley To Become
projects, especially the Pak-Iran gas pipeline, Largest Clearwater Producer With Deltas- See the archive and
remains vital,” he told the Associated Press of tream Acquisition sign up to receive
Pakistan (APP) in an interview. Tamarack Valley Energy has agreed to *NRG Editor’s Picks*
acquire privately held Deltastream Energy for free by email each
FSUOGM: Russian Oil And Gas Revenues for CAD1.43bn ($1.07bn). The acquisition week here
Dip In August will make Tamarack the largest producer
Russia’s earnings from energy exports in Northern Alberta’s Clearwater heavy oil
slumped to a 14-month low in August, as play, where activity has been booming.
the country continues discounting its oil In a statement, Tamarack said the pur-
supplies to Asia that it has diverted away chase price would consist of CAD825mn
from Europe. ($622mn) in cash, CAD300mn ($226mn)

Week 38 23•September•2022 www. NEWSBASE .com P17