Page 13 - NorthAmOil Week 44 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global had directed Ukrainian drone strike attacks
(NRG), in which the reader is invited to join on Russia’s Black Sea fleet in Crimea earlier on
our team of international editors, who provide a October 29 were also behind the Nord Stream
snapshot of some of the key issues affecting their pipelines’ sabotage.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline link FSUOGM: Japan reportedly seeks to re-
for each section the full text will be available as main at Sakhalin-1
before. Japan’s government has said it intends to remain
involved in the previously ExxonMobil-led
AfrOil: Somalia green-lights Coastline’s ex- Sakhalin-1 oil and gas project, Nikkei reported
ploration plans on October 31, in order to safeguard its energy
US-based Coastline Exploration announced on security. ExxonMobil until recently had a 30%
October 21 that it had secured a green light from interest in Sakhalin-1, but announced its inten-
the Federal Government of Somalia for explo- tion to withdraw from the project in March fol-
ration work covering seven offshore deepwater lowing the launch of Russia’s invasion of Ukraine.
blocks. Coastline had signed production-shar-
ing agreements for all seven blocks this Febru- GLNG: Philippines prepares for entry into
ary with Abdirashid Mohamed Ahmed, then LNG sector
serving as Somalia’s Minister of Petroleum and The Philippines will next year mark its entry into
Mineral Resources. the world of LNG with the opening of three LNG
terminals that will enable the country to reduce
AsianOil: Jadestone drops plans to buy carbon output in line with its green energy goals
OMV’s stake in the Maari field off New and also to replace natural gas that now comes
Zealand from the Philippines’ dwindling Malampaya
Austria’s OMV has dropped plans to divest gas field, which will be depleted by 2027. The
its 69% interest in the Maari field off the coast three regasification terminals will be operated
of New Zealand to Asia-focused Jadestone by Singapore-based Atlantic, Gulf and Pacific
Energy because of regulatory delays – a deal (AG&P), the Philippines’ First Gen Corpora-
that the pair agreed to enter into in 2019. Jade- tion and Energy World Corporation, which is
stone said in a statement last week that it had Australia-listed.
engaged with OMV following changes to New
Zealand’s upstream regulatory framework at LatAmOil: Brazil’s oil and gas output tops
the end of last year, and had also worked with 4mn boepd
the government to seek clarity on the pro- Brazil’s hydrocarbon production hit 4.048mn
cesses, terms and associated timeframe needed barrels of oil equivalent per day in September
to complete the deal. 2022, according to data released by the country’s
National Agency of Petroleum, Natural Gas and
DMEA: Saudi Kayan moves from profit to Biofuels (ANP). This is only the second time that
loss in Q3 2022 monthly output has ever topped 4mn boepd.
Saudi Kayan Petrochemical Co., a Jubail-
based manufacturer of chemicals, polymers MEOG: Energean delivers first gas from
and specialty products, sustained a loss in the Karish
third quarter of 2022 after operating in the London-listed explorer Energean this week
black in the same period of the previous year. delivered first gas from the Karish field off-
According to a statement filed with the Tad- shore Israel through its Energean Power float-
awul exchange in Riyadh, the company lost ing production, storage and offloading unit.
SAR812.27mn ($216.15mn) between July and Gas began to flow the day after Israel gave the
September, marking its largest quarterly loss go-ahead after years of preparation, planning
since its initial stock exchange listing on Octo- and controversy.
ber 1, 2011.
NorthAmOil: Teck to sell share of Fort Hills
EurOil: Russia accuses UK of blowing up oil sands project to Suncor for $737mn
Nord Stream pipelines Canadian miner Teck Resources will sell its
Russia’s defence ministry has accused Brit- stake in the Fort Hills oil sands project to Sun-
ish Navy personnel of blowing up the Nord cor Energy for CAD1bn ($737mn). Teck said
Stream pipelines – a claim that the UK govern- it is shifting its focus to copper in an effort to
ment has rejected, describing it as an attempt reduce its involvement in carbon.
to distract from Russian military setbacks in
Ukraine. Without providing evidence, the See the archive and sign up to receive NRG Editor’s
ministry said that “British specialists” that Picks for free by email each week here.™

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