Page 16 - FSUOGM Week 38 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global of BG Group in 2016, greatly expanding
(NRG), in which the reader is invited to join its LNG business, and the subsequent sale
our team of international editors, who provide a of some $30bn of non-core assets.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: Woodside Signs Binding Supply
concise format, but by clicking on the headline Agreements With Commonwealth LNG
link for each section the full text will be available A Woodside Energy subsidiary, Woodside
as before. Energy Trading Singapore, has converted
its non-binding heads of agreement (HoA)
AfrOil: UNOC Sees EACOP Financing deals with the US’ Commonwealth LNG into
Wrapped Up Soon two binding sale and purchase agreements
A representative of Uganda National Oil Co. (SPAs).
(UNOC) has said that the East Africa Crude The SPAs cover the supply of up to 2.5mn
Oil Pipeline (EACOP) consortium expects to tonnes per year (tpy) of LNG over a 20-year
wrap up arrangements for funding its $4bn period from Commonwealth’s proposed
project by the end of November. export terminal in Louisiana, on the US Gulf
According to Peter Muliisa, UNOC’s Coast.
chief legal and corporate affairs officer, the
group is still in the process of negotiating LatAmOil: Trinidad And Tobago’s PM Seeks
with the banks prepared to help finance the More Leverage Over Gas Strategy
pipeline, which will pump oil from fields in Keith Rowley, the prime minister of Trin-
western Uganda to the Indian Ocean. idad and Tobago, wants his country’s gov-
ernment to have more say in decisions
AsianOil: Australia Awards Permits For about exploration, production and devel-
Evaluation Of CCS Opportunities opment strategies in the natural gas sector.
The Australian government has awarded Speaking after a meeting with several of
permits for companies to undertake evalu- the biggest investors in Trinidad and Toba-
ation and appraisal work for the potential go’s gas industry, Rowley noted that the gas
storage of carbon dioxide (CO2) in the coun- sector was facing significant challenges.
try’s waters.
On September 5, Santos announced that MEOG: Iraq To Begin Offshore Search
it had been awarded permits G-9-AP and Iraq will shortly sign off on a contract to
G-11-AP to pursue carbon capture and stor- enable work to begin on the first surveys
age (CCS) opportunities in the Carnarvon within the country’s limited offshore area
and Bonaparte basins, offshore Western Aus- as Baghdad seeks to add to reserves and
tralia, alongside its joint venture partners. maintains drilling momentum onshore.
Quoted by the Ministry of Oil’s (MoO)
DMEA: Iran Offers To Complete Gas Pipe- website and the Iraqi News Agency (INA),
line To Pakistan Oil Minister Ihsan Abdul Jabbar stressed
Mohammed Ali Hosseini, the Iranian the importance of the surveys, noting that
ambassador to Pakistan, said last week that “expectations and studies indicate that
Iran’s government was prepared to complete [the area] contains hydrocarbons”.
a natural gas pipeline to neighbouring Paki-
stan as part of a wider effort to expand ties in NorthAmOil: Tamarack Valley To Become
the energy sector. Largest Clearwater Producer With Deltas-
“To further strengthen trade co-oper- tream Acquisition
ation with Pakistan, completion of energy Tamarack Valley Energy has agreed to
projects, especially the Pak-Iran gas pipeline, acquire privately held Deltastream Energy See the archive and
remains vital,” he told the Associated Press of for CAD1.43bn ($1.07bn). The acquisition sign up to receive
Pakistan (APP) in an interview. will make Tamarack the largest producer *NRG Editor’s Picks*
in Northern Alberta’s Clearwater heavy oil for free by email each
EurOil: Shell CEO To Step Down At Year-End play, where activity has been booming. week here
Shell CEO Ben van Beurden will step down In a statement, Tamarack said the pur-
from his post at the end of 2022 after a chase price would consist of CAD825mn
nine-year stint, with a company veteran ($622mn) in cash, CAD300mn ($226mn)
due to take his place. in the form of a deferred acquisition pay-
Van Beurden oversaw the company ment and a further CAD300mn of equity
through its transformational acquisition comprised.

P16 www. NEWSBASE .com Week 38 23•September•2022