Page 16 - GLNG Week 49 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global the opposition Socialist Left (SV) party – will have
(NRG), in which the reader is invited to join little impact on near-term investment in Norway’s
our team of international editors, who provide a continental shelf.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSUOGM: China stresses close energy relation-
concise format, but by clicking on the headline link ship with Russia
for each section the full text will be available as China is eager to expand its partnership with
before. Russia in the energy sphere, Chinese President
Xi Jinping said last week, days before the EU
is set to impose its embargo on Russian crude
imports. China has ramped up imports of Rus-
AfrOil: ExxonMobil reportedly preparing to exit sian oil despite the economic slowdown caused
Equatorial Guinea by stringent COVID-19 restrictions this year,
The US super-major ExxonMobil has started taking advantage of the steep discount that Urals
ramping down oil production at Block B, located and other Russian blends are currently trading at
offshore Equatorial Guinea, and aims to exit the compared to global benchmarks.
country once its licence for the site expires in
2026, two sources close to the matter informed GLNG: Bangladesh turns to Brunei for LNG
Reuters on November 28. According to the supply
sources, the US giant is motivated partly by an Bangladesh has turned to Brunei for a supple-
industry-wide push to swap out ageing assets in mental supply of LNG, the country’s media has
West Africa for frontier African initiatives that reported. A delegation of officials from Bangla-
have lower greenhouse gas emissions intensity, desh’s Energy and Mineral Resource Division has
such as deepwater drilling offshore Namibia. visited Brunei’s capital of Bandar Seri Begawan to
discuss shipments of up to 1.5mn tonnes during
AsianOil: India’s embrace of natural gas backfires 2023.
India has embraced natural gas in the last few
years as a means of safeguarding its energy LatAmOil: BP affiliate to market Guyanese oil
security at a low cost, even at the expense of in 2023
its substantial domestic coal reserves. In the Guyana’s government has granted a subsidiary
years prior to the aftermath of the coronavirus of BP (UK) the right to market its share of crude
(COVID-19), this was a rational choice just on oil extracted from the Liza-1 and Liza-2 oilfields
an economic basis. at the offshore Stabroek block in 2023. The Min-
istry of Natural Resources announced that BP
International had won the marketing contract
DMEA: Kenyan insurer exits Ugandan oil pipe- for next year on November 24.
line consortium
Nairobi-listed Britam Holdings has withdrawn MEOG: Aramco makes gas discoveries
from a consortium of East African insurers pro- Majority state-backed Saudi Aramco has dis-
viding coverage for a planned 1,443-km oil pipe- covered two new unconventional gas fields in
line in Uganda and Tanzania, saying the project the Kingdom’s Eastern Province as it steps up its
does not meet its backers’ standards. Britam’s gas production efforts. In comments provided to
decision came to light in early November, when the official Saudi Press Agency, Energy Minister
the Compliance Advisor Ombudsman (CAO), Prince Abdulaziz bin Salman Al-Saud said the
an independent agency of the World Bank, discoveries were called Awtad and Al-Dahna.
responded to a complaint filed by Inclusive The discoveries are understood to be tight gas.
Development International, a US-based human
rights organisation. NorthAmOil: ExxonMobil, MHI to deploy CO2
capture technology
ExxonMobil and Mitsubishi Heavy Industries
EurOil: Norway holds off on further frontier oil, gas (MHI) have joined forces to deploy MHI’s CO2
licensing rounds until 2025 capture technology as part of ExxonMobil’s
As Europe grapples with soaring energy prices end-to-end carbon capture and storage solution
that are widely expected to remain for years to for industrial customers. The companies bring
come, Norway, the continent’s biggest natural gas complementary capabilities to facilitate industry
supplier, has decided to hold off on future oil and decarbonisation projects, said ExxonMobil....
gas licensing rounds in frontier zones until at least
2025. The decision – made as part of a budget
agreement between the minority government and

P16 www. NEWSBASE .com Week 49 08•December•2022