Page 16 - FSUOGM Week 23 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

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as before. GLNG: Egypt, EU Poised To Agree On LNG
Exports
AfrOil: Impact Oil & Gas May Exit Namibia’s Egypt is poised to sign a memorandum of
Venus Project understanding (MoU) with the EU on deliv-
South Africa’s Impact Oil & Gas is report- eries of gas extracted from Israeli fields in the
edly mulling the possibility of selling its eastern Mediterranean and processed into
20% stake in Block 2913B offshore Namibia, LNG at Egyptian terminals. The signing will
which contains the massive Venus-1x take place in late June, when European Com-
discovery. mission President Ursula von der Leyen visits
Four industry sources told Reuters earlier Cairo.
this week that the privately owned company
had hired Jefferies Group, a US investment LatAmOil: US Reportedly Allowing Eni,
banking company, to serve as its adviser for Repsol To Export Venezuelan Oil
the sale process. Impact has asked Jefferies to The US government appears to be moving
draw up plans for the sale, which may yield forward with steps to loosen sanctions on
$500mn to $1bn, they said. Venezuela’s oil sector.
The restrictions that Washington has
AsianOil: Sasanof-1 Well Off Australia imposed on Caracas penalise trade in Vene-
Comes Up Dry zuelan oil or fuel. Most European companies
Privately owned Western Gas has reported have exited Venezuela since 2019, when US
that its Sasanof-1 exploration well offshore authorities began tightening the sanctions
Western Australia found no commercial regime to target the petroleum sector.
reserves of oil and gas.
The well had been described as one of MEOG: FEED Deal And FPSO Arrival
the most closely watched exploration cam- This week’s MEOG includes coverage of a
paigns of the year so far in Australia, and major FEED contract award in Qatar and the
the result is seen as a major disappointment. arrival of an FPSO in Israel.
US engineer McDermott International
DMEA: Pipeline Preparations And Fuel Pric- was awarded an engineering contract by
es Qatar’s North Oil Co. (NOC) for the third
This week’s DMEA includes an update on phase development of Qatar’s offshore
laying the groundwork on a pipeline running Al-Shaheen oilfield. NOC is a 70:30 JV
from the Gulf to the Red Sea, while the Libe- between state-owned QatarEnergy and
rian government said it would not increase France’s TotalEnergies.
fuel prices.
Jordan’s Minister of Foreign Affairs NorthAmOil: Energy Transfer Finalises An-
Ayman Safadi said this week that prepara- other Offtake Agreement
tions for the development of an oil export US-based Energy Transfer has signed an LNG
pipeline connecting Iraq’s Basra Gover- sales and purchase agreement (SPA) with
norate to the Red Sea port of Aqaba have China Gas Hongda Energy Trading, a subsidi- See the archive and
reached 80%. ary of China Gas Holdings. sign up to receive
The deal is the fifth to be signed by *NRG Editor’s Picks*
EurOil: UK U-Turns On Windfall Tax Energy Transfer since March for supply for free by email each
The UK government imposed a 25% tax on of LNG from its proposed Lake Charles week here
profits by oil and gas companies in late May, LNG terminal in Louisiana. It brings a final
marking a policy U-turn and a departure investment decision (FID) on the terminal
from the North Sea industry-friendly image a step closer.

P16 www. NEWSBASE .com Week 23 08•June•2022