Page 14 - FSUOGM Week 45 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global EurOil: Estonia Gives Up Stake In Finnish
(NRG), in which the reader is invited to join LNG Terminal
our team of international editors, who provide a The Estonian three-party government has
snapshot of some of the key issues affecting their decided that Estonia will give up its stake
regional beats. We hope you will like NRG's new in the company that operates the Finnish
concise format, but by clicking on the headline LNG terminal and spend the €30mn budg-
link for each section the full text will be available eted for this purpose to buy additional gas
as before. reserves, ERR.ee, an Estonian news web-
site, reported on November 4.
AfrOil: APT May Be Able To Launch Ntorya
Gas Production Early GLNG: Tanzania Expects To Sign Several
ARA Petroleum Tanzania Ltd (APT) is look- Agreements On LNG Project In December
ing to launch commercial production at the Tanzanian Energy Minister January
Ntorya natural gas field in southern Tanza- Makamba reiterated on November 7 that
nia almost a year ahead of schedule despite a his country’s government was optimistic
setback in its drilling schedule. about its chances of signing a package
According to Aminex (Ireland), a of agreements in December with Shell
non-operating shareholder in Ruvuma, (UK) and Equinor (Norway), the for-
APT pushed the target date for spudding eign shareholders in the Tanzania LNG
the Chikumbi-1 (CH-1) well at Ntorya consortium.
back to March 2023 after receiving new
information on rig availability and con- LatAmOil: Spudding Of Wei-1 Postponed
sulting with Tanzanian authorities and its Again
contractors. Canada’s CGX Energy has been forced once
again to postpone the spudding of Wei-1,
AsianOil: Tokyo Asks Malaysia To Ease LNG its second exploration well at the Corentyne
Supply Woes block offshore Guyana.
The Japanese government has reached out to In a statement, CGX explained that the
Malaysia’s Petroliam Nasional Berhad (Pet- delay was beyond its control.
ronas) to request the firm's help with allevi-
ating any LNG supply issues to customers in MEOG: Aramco Announces Q3 Results
Japan following the Sabah-Sarawak Pipeline Saudi Aramco this week announced its Q3
leak in late September. results, which were highlighted by a net
Already facing pressure to guarantee income of $42.4bn, up 139% against the
ample LNG deliveries as Russia threatens same period last year.
to cut off supplies, and with temperatures Despite some price volatility dur-
across the country already starting to drop, ing the quarter, the company continues
Japanese buyers are clambering to source to benefit from the recovery experi-
cargoes to replace those delayed by the leak. enced over the past year or so, earning
well in excess of the level required to
DMEA: Iranian Government Sells 12% Stake cover its $18.75bn quarterly dividend
In Country’s Largest Petchem Producer obligation.
Iran’s government has reportedly sold 12%
of the country’s largest petrochemical pro- NorthAmOil: Marathon To Purchase En-
ducer, Persian Gulf Petrochemical Industries sign’s Eagle Ford Assets For $3bn
(PGPIC), to a unit of the country’s oil pen- Marathon Oil has agreed to acquire the Eagle
sion fund for IRR1.087 quadrillion ($3.3bn Ford shale assets of Ensign Natural Resources
at the free market rate), a privatisation for $3bn cash. The assets – in the core of the
record. play – nearly double Marathon’s Eagle Ford See the archive and
“Moments ago, stocks of this company position and are adjacent to Marathon’s exist- sign up to receive
were sold for a total price of 1,087 trillion ing Eagle Ford wells. *NRG Editor’s Picks*
rial. It was the largest privatisation scheme The transaction, expected to close by the for free by email each
ever conducted in the country’s history,” end of the year, will add 526.1 net square km week here
Hossein Ghorbanzade, who heads Iran’s with a 97% working interest. The acreage
Privatisation Organisation, was quoted as is expected to produce 67,000 barrels of oil
saying on October 31 by the official ISNA equivalent per day (boepd) in the fourth quar-
news agency. ter of 2022.

P14 www. NEWSBASE .com Week 45 14•November•2022