Page 14 - AsianOil Week 38 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global according to the Russian finance ministry.
(NRG), in which the reader is invited to join The income fell 13% from July, and was
our team of international editors, who provide a down 3.4% from a year earlier.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG's new GLNG: Woodside Signs Binding Supply
concise format, but by clicking on the headline Agreements With Commonwealth LNG
link for each section the full text will be available A Woodside Energy subsidiary, Woodside
as before. Energy Trading Singapore, has converted
its non-binding heads of agreement (HoA)
AfrOil: UNOC Sees EACOP Financing deals with the US’ Commonwealth LNG into
Wrapped Up Soon two binding sale and purchase agreements
A representative of Uganda National Oil Co. (SPAs).
(UNOC) has said that the East Africa Crude The SPAs cover the supply of up to 2.5mn
Oil Pipeline (EACOP) consortium expects to tonnes per year (tpy) of LNG over a 20-year
wrap up arrangements for funding its $4bn period from Commonwealth’s proposed
project by the end of November. export terminal in Louisiana, on the US Gulf
According to Peter Muliisa, UNOC’s Coast.
chief legal and corporate affairs officer, the
group is still in the process of negotiating LatAmOil: Trinidad And Tobago’s PM Seeks
with the banks prepared to help finance the More Leverage Over Gas Strategy
pipeline, which will pump oil from fields in Keith Rowley, the prime minister of Trin-
western Uganda to the Indian Ocean. idad and Tobago, wants his country’s gov-
ernment to have more say in decisions
DMEA: Iran Offers To Complete Gas Pipe- about exploration, production and devel-
line To Pakistan opment strategies in the natural gas sector.
Mohammed Ali Hosseini, the Iranian Speaking after a meeting with several of
ambassador to Pakistan, said last week that the biggest investors in Trinidad and Toba-
Iran’s government was prepared to complete go’s gas industry, Rowley noted that the gas
a natural gas pipeline to neighbouring Paki- sector was facing significant challenges.
stan as part of a wider effort to expand ties in
the energy sector. MEOG: Iraq To Begin Offshore Search
“To further strengthen trade co-oper- Iraq will shortly sign off on a contract to
ation with Pakistan, completion of energy enable work to begin on the first surveys
projects, especially the Pak-Iran gas pipeline, within the country’s limited offshore area
remains vital,” he told the Associated Press of as Baghdad seeks to add to reserves and
Pakistan (APP) in an interview. maintains drilling momentum onshore.
Quoted by the Ministry of Oil’s (MoO)
EurOil: Shell CEO To Step Down At Year-End website and the Iraqi News Agency (INA),
Shell CEO Ben van Beurden will step down Oil Minister Ihsan Abdul Jabbar stressed
from his post at the end of 2022 after a the importance of the surveys, noting that
nine-year stint, with a company veteran “expectations and studies indicate that
due to take his place. [the area] contains hydrocarbons”.
Van Beurden oversaw the company
through its transformational acquisition NorthAmOil: Tamarack Valley To Become
of BG Group in 2016, greatly expanding Largest Clearwater Producer With Deltas-
its LNG business, and the subsequent sale tream Acquisition
of some $30bn of non-core assets. Tamarack Valley Energy has agreed to
acquire privately held Deltastream Energy See the archive and
FSUOGM: Russian Oil And Gas Revenues for CAD1.43bn ($1.07bn). The acquisition sign up to receive
Dip In August will make Tamarack the largest producer *NRG Editor’s Picks*
Russia’s earnings from energy exports in Northern Alberta’s Clearwater heavy oil for free by email each
slumped to a 14-month low in August, as play, where activity has been booming. week here
the country continues discounting its oil In a statement, Tamarack said the pur-
supplies to Asia that it has diverted away chase price would consist of CAD825mn
from Europe. ($622mn) in cash, CAD300mn ($226mn)
The country’s energy income amounted in the form of a deferred acquisition pay-
to RUB672bn last month, or $11.1bn, mark- ment and a further CAD300mn of equity
ing the lowest volume since June 2021, comprised.

P14 www. NEWSBASE .com Week 38 26•September•2022