Page 18 - DMEA Week 38 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global continues discounting its oil supplies to Asia that
(NRG), in which the reader is invited to join our it has diverted away from Europe. The country’s
team of international editors, as they provide a energy income hit RUB672bn ($11.1bn) last
snapshot of some of the key issues affecting their month, the lowest level since June 2021.
regional beats. We hope you will like NRG’s new
concise format, but by clicking on the headline GLNG: Woodside signs binding supply
link for each section the full text will be available agreements with Commonwealth LNG
as before. A Woodside Energy subsidiary, Woodside
Energy Trading Singapore, has converted its
AfrOil: UNOC sees EACOP financing non-binding heads of agreement (HoA) deals
wrapped up soon with Commonwealth LNG (US) into two bind-
A representative of Uganda National Oil Co. ing sale and purchase agreements (SPAs). The
(UNOC) has said that the East Africa Crude Oil agreements cover the supply of up to 2.5mn
Pipeline (EACOP) consortium expects to wrap tonnes per year (tpy) of LNG over a 20-year
up arrangements for funding its $4bn project by period from Commonwealth’s proposed export
the end of November. According to Peter Muli- terminal in Louisiana, on the US Gulf Coast.
isa, UNOC’s chief legal and corporate affairs
officer, the group is still negotiating with the LatAmOil: Trinidad and Tobago’s PM seeks
banks prepared to help finance the pipeline. more leverage over gas strategy
Keith Rowley, the prime minister of Trinidad
AsianOil: Australia awards permits for and Tobago, wants his country’s government to
evaluation of CCS opportunities have more say in decisions about exploration,
The Australian government has awarded per- production and development strategies in the
mits for companies to undertake evaluation and natural gas sector. Speaking after a meeting with
appraisal work for the potential storage of car- several of the biggest investors in Trinidad and
bon dioxide (CO2) in the country’s waters. On Tobago’s gas industry, Rowley noted that the gas
September 5, Santos said it had been awarded sector was facing significant challenges.
permits G-9-AP and G-11-AP to pursue carbon
capture and storage (CCS) opportunities in the MEOG: Iraq to begin offshore search
Carnarvon and Bonaparte basins. Iraq will shortly sign off on a contract to launch
the first surveys within the country’s limited off-
EurOil: Shell CEO to step down at end of shore area as Baghdad seeks to add to reserves
2022 and maintains drilling momentum onshore. Oil
Shell CEO Ben van Beurden will step down Minister Ihsan Abdul Jabbar stressed the impor-
from his post at the end of 2022 after a nine- tance of the surveys, noting that “expectations
year stint, with a company veteran due to take and studies indicate that [the area] contains
his place. Van Beurden oversaw the company hydrocarbons.”
through its transformational acquisition of BG
Group in 2016, greatly expanding its LNG busi- NorthAmOil: Tamarack Valley to become
ness, and the subsequent sale of some $30bn of largest Clearwater producer
non-core assets. Tamarack Valley Energy has agreed to acquire
Deltastream Energy, a privately held company,
FSU OGM: Russian oil and gas revenues for CAD1.43bn ($1.07bn). The acquisition is
dip in August expected to make Tamarack the largest producer
Russia’s earnings from energy exports slumped in Northern Alberta’s Clearwater heavy crude oil
to a 14-month low in August, as the country play, where activity has been booming. ™

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P18 www. NEWSBASE .com Week 38 22•September•2022