Page 18 - EurOil Week 04 2023

EurOil NEWSBASE ROUNDUP GLOBAL (NRG) EurOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Oil & Gas Roundup its operations in the country had become
Global (NRG), in which the reader is invited impossible.
to join our team of international editors, who Owned by German chemicals giant BASF and
provide a snapshot of some of the key issues Russian billionaire Mikhail Fridman’s Letter-
affecting their regional beats. We hope you will One business, Wintershall Dea has become the
like NRG's new concise format, but by clicking latest international oil company (IOC) to decide
on the headline link for each section the full text to leave Russia amid fallout from Moscow’s
will be available as before. invasion of Ukraine.
GLNG: Pakistan looks to sell LNG sites to
AfrOil: London court gives UKEF green light Qatar
to fund Mozambique LNG Sources in Islamabad have indicated that the
Friends of the Earth, an international environ- government of Prime Minister Mian Muham-
mental group, has failed to overturn a lower mad Shehbaz Sharif is preparing to sell two of
court ruling green-lighting the UK’s plan to pro- the nation’s LNG-fired power plants to the gov-
vide funding for the Mozambique LNG project. ernment of Qatar. The sale is thought to be part
The non-governmental organisation (NGO) of a bid by Islamabad to dodge responsibility
has been seeking to prevent UK Export Finance for the non-payment of government debts, at
(UKEF), the British government’s export credit the same time as pulling in much sought-after
agency, from upholding a pledge to provide up foreign capital, although to date no such formal
to $1.15bn in funding for Mozambique LNG. confirmation to this end has been announced.

AsianOil: Indonesia misses oil and gas tar- LatAmOil: Whiptail identified as sixth devel-
get in 2022 opment project at Stabroek
Indonesia missed its target for oil and gas pro- ExxonMobil Guyana, a subsidiary of the US
duction last year as a result of unscheduled super-giant ExxonMobil, has named the Whip-
facility closures and declining flow from mature tail oilfield as the main target of its sixth devel-
fields, upstream regulator SKK Migas said on opment project at the Stabroek block. According
January 18. But upstream investment is said to to a notice from Guyana’s Environmental Pro-
be on the rise, it said. tection Agency, the company has asked to begin
the authorisation process for work at Whiptail.
DMEA: Angola and Zambia boost ties
Angola and Zambia last week concluded bilat- MEOG: Masirah completes Oman drilling
eral negotiations on infrastructure deals that Masirah Oil Ltd (MOL) has completed a two-
appear set to bring long-awaited progress on well drilling campaign that started in its Block
a major cross-border pipeline. Zambian Pres- 50 concession offshore Oman late last year.
ident Hakainde Hichilema told a joint news The drilling work comprised workover drill-
conference in Luanda that he was “aware that a ing at the Yumna-3 well and the drilling of the
number of agreements have been signed by the Yumna-4 well.
two countries in this regard and despite some
of these being signed under the previous gov- NorthAmOil: ExxonMobil prepares to launch
ernment, ours is to pick up where they left off $2bn refinery expansion in Texas
and ensure that these projects are implemented.” ExxonMobil will soon launch a $2bn refinery
expansion in Beaumont, on the Gulf Coast of
FSUOGM: Germany’s Wintershall Dea De- Texas, reports Reuters. The move will sharply See the archive and
parts Russia boost gasoline and diesel output at the plant sign up to receive
Germany’s Wintershall Dea has announced and make the refinery the second largest in *NRG Editor’s Picks*
it will exit Russia, noting that continuing the US. for free by email each
week here

P18 www. NEWSBASE .com Week 04 26•January•2023