Page 17 - LatAmOil Week 43 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global high, they are substantially down from previ-
(NRG), in which the reader is invited to join ous spikes. How the continent’s energy system
our team of international editors, who provide a will fare this winter, however, will depend on
snapshot of some of the key issues affecting their a number of factors, many of which are highly
regional beats. We hope you will like NRG’s new unpredictable.
concise format, but by clicking on the headline
link for each section the full text will be available FSU OGM: ExxonMobil confirms abrupt
as before. Russian exit, saying assets expropriated
ExxonMobil confirmed to multiple news agen-
AfrOil: Museveni defends Uganda’s oil cies on October 17 that it had had its assets in
development plans Russia expropriated, marking an abrupt end to
Uganda’s President Yoweri Museveni has said the nearly three decades that the US major has
that his government is committed to reaching been working in the country. The company
carbon neutrality by 2050 but does not expect entered Russia in 1995, securing operatorship of
fossil fuel consumption to stop completely the Sakhalin-1 oil and gas project in the Russian
within the next few decades. In a speech at a cli- Far East.
mate summit in Johannesburg, Museveni said
his country was on track to cut net carbon emis- GLNG: Mozambique expects to dispatch
sions down to zero by the middle of the century. 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- MEOG: Gaza nears deal for offshore
leum business was completed in June. exploration
Following the recent maritime delimitation
DMEA: Russian fuel deliveries to Middle agreement between Israel and Lebanon, the
East remain high in September Palestinian Authority (PA) appears close to an
Russia continued to deliver higher than usual upstream development deal offshore the Gaza
volumes of petroleum products to buyers in the Strip. Egypt’s Petroleum and Mineral Resources
Middle East in September, even though deliver- Minister Tarek El-Molla held talks with Pales-
ies dropped month on month, according to Vor- tinian Prime Minister Muhammed Shtayyeh
texa data cited by Argus Media. On October 19, and Israeli representatives to pursue the devel-
Argus Media explained that Russian sellers had opment of the Gaza Marine gas field.
been sending about 250,000-450,000 tonnes per
month of refined fuel to the Middle East prior to NorthAmOil: Continental to be acquired by
the outbreak of war in Ukraine in late February. Hamm family in sweetened $4.3bn deal
Shale producer Continental Resources will
EurOil: Will Europe’s energy supply be merge with Omega Acquisition, an Oklahoma
enough to make it through the winter? corporation owned by Continental’s founder,
Europe has filled its gas storage facilities to nearly Harold Hamm. The company, one of the largest
95% of capacity, and while gas prices are still very US independents, will become private. ™

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Week 43 26•October•2022 www. NEWSBASE .com P17