Page 19 - AfrOil Week 04 2023

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Owned by German chemicals giant BASF and
(NRG), in which the reader is invited to join our Russian billionaire Mikhail Fridman’s LetterOne
team of international editors, as they provide a business, Wintershall Dea has become the latest
snapshot of some of the key issues affecting their international oil company to decide to leave Rus-
regional beats. We hope you will like NRG’s new sia amid fallout from the invasion of Ukraine.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Pakistan looks to sell LNG sites
as before. to Qatar
Sources in Islamabad have indicated that the
AsianOil: Indonesia misses oil and gas government of Prime Minister Mian Muham-
production targets in 2022 mad Shehbaz Sharif is preparing to sell two of
Indonesia missed its target for oil and gas pro- the nation’s LNG-fired power plants to the gov-
duction last year as a result of unscheduled ernment of Qatar. The sale is thought to be part
facility closures and declining flow from mature of a bid by Islamabad to dodge responsibility for
fields, upstream regulator SKK Migas said on the non-payment of government debts, while
January 18. But upstream investment is said to also pulling in much-needed foreign capital,
be on the rise, it said. although to date no formal confirmation of this
has been made.
DMEA: Angola and Zambia boost ties
Angola and Zambia have concluded bilat- LatAmOil: Whiptail identified as sixth
eral negotiations on infrastructure deals that development project at Stabroek
could bring long-awaited progress on a major ExxonMobil Guyana, a subsidiary of the US
cross-border pipeline. Zambian President super-giant ExxonMobil, has named the Whip-
Hakainde Hichilema said he was “aware that a tail oilfield as the main target of its sixth develop-
number of agreements have been signed by the ment project at the Stabroek block. According to
two countries in this regard and despite some of a notice from Guyana’s Environmental Protec-
these being signed under the previous govern- tion Agency, the company has asked to begin the
ment, ours is to pick up where they left off and authorisation process for work at Whiptail. The
ensure that these projects are implemented.” project will also target the Pinktail and Tilapia
oilfields.
EurOil: Equinor hails Norway’s first
hydrocarbon discovery of the year MEOG: Masirah Oil Ltd completes
Norway’s Equinor has hailed the country’s first Oman drilling
hydrocarbon discovery of the year, noting that Masirah Oil Ltd (MOL) has completed a two-
the new reserves could be tied into another well drilling campaign that started in its Block 50
nearby field that is already slated for develop- concession offshore Oman late last year. The pro-
ment. Equinor and its partners Wintershall ject comprised workover drilling at the Yumna-3
Dea (Germany) and Petoro (Norway) made the well and the drilling of the Yumna-4 well.
commercial gas discovery at Production Licence
1128 in the Norwegian Sea, assessing its size at NorthAmOil: ExxonMobil prepares for
12.6-69.2mn barrels of oil equivalent (boe). $2bn refinery expansion in Texas
ExxonMobil will soon launch a $2bn refinery
FSU OGM: Wintershall Dea quits Russia expansion in Beaumont, on the Gulf Coast of
Germany’s Wintershall Dea has announced it Texas, reports Reuters. The move will sharply
will exit Russia, noting that continuing its oper- boost gasoline and diesel output at the plant and
ations in the country had become impossible. make the refinery the second largest in the US. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 04 26•January•2023 www. NEWSBASE .com P19