Page 17 - LatAmOil Week 43 2022
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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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