Page 17 - AfrOil Week 43 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global the nearly three decades that the US major has
(NRG), in which the reader is invited to join our been working in the country. The company
team of international editors, as they provide a entered Russia in 1995, securing operatorship of
snapshot of some of the key issues affecting their the Sakhalin-1 oil and gas project in the Russian
regional beats. We hope you will like NRG’s new Far East.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Mozambique expects to dispatch
as before. first LNG export by end of October
Mozambique is on track to export its first LNG
AsianOil: Woodside achieves profit record cargo from the Coral field, located off the coast
amid high gas price of the country’s northernmost Cabo Delgado
Australia’s biggest oil and gas producer Woodside province, by the end of October. Mozambique’s
Energy achieved record output and sales in the Finance Minister Max Tonela said: “We hope
third quarter, thanks to soaring gas prices and that before the end of October the first export of
the wrap-up of its merger with BHP’s petroleum LNG produced by Mozambique will take place.”
division. The LNG exporter also raised its output
guidance after its $40bn tie-up with BHP’s petro- LatAmOil: Guyana to reserve offshore
leum business was completed in June. blocks for bilateral partnerships
Guyana’s President Irfaan Ali has said that his
DMEA: Russian fuel deliveries to Middle government intends to set some sections of the
East remain high in September country’s offshore zone aside for partnerships
Russia continued to deliver higher than usual with other countries under bilateral accords
volumes of petroleum products to buyers in the rather than including them in competitive
Middle East in September, even though deliver- licensing rounds. Speaking at a press conference,
ies dropped month on month, according to Vor- Ali said that Georgetown intended to dispose of
texa data cited by Argus Media. On October 19, a number of unassigned blocks in this fashion.
Argus Media explained that Russian sellers had
been sending about 250,000-450,000 tonnes per MEOG: Gaza nears deal for offshore
month of refined fuel to the Middle East prior to exploration
the outbreak of war in Ukraine in late February. Following the recent maritime delimitation
agreement between Israel and Lebanon, the
EurOil: Will Europe’s energy supply be Palestinian Authority (PA) appears close to an
enough to make it through the winter? upstream development deal offshore the Gaza
Europe has filled its gas storage facilities to nearly Strip. Egypt’s Petroleum and Mineral Resources
95% of capacity, and while gas prices are still very Minister Tarek El-Molla held talks with Palestin-
high, they are substantially down from previ- ian Prime Minister Muhammed Shtayyeh and
ous spikes. How the continent’s energy system Israeli representatives to pursue the development
will fare this winter, however, will depend on of the Gaza Marine gas field.
a number of factors, many of which are highly
unpredictable. NorthAmOil: Continental to be acquired by
Hamm family in sweetened $4.3bn deal
FSU OGM: ExxonMobil confirms abrupt Shale producer Continental Resources will
Russian exit, saying assets expropriated merge with Omega Acquisition, an Oklahoma
ExxonMobil confirmed to multiple news agen- corporation owned by Continental’s founder,
cies on October 17 that it had had its assets in Harold Hamm. The company, one of the largest
Russia expropriated, marking an abrupt end to US independents, will become private. ™

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Week 43 27•October•2022 www. NEWSBASE .com P17