Page 15 - FSUOGM Week 39 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Like her predecessor Boris Johnson,
(NRG), in which the reader is invited to join Truss, who took office in early September,
our team of international editors, who provide a has positioned the development of more
snapshot of some of the key issues affecting their home-grown energy supply as a centrepiece
regional beats. We hope you will like NRG's new in her policy, as UK households and busi-
concise format, but by clicking on the headline nesses cope with soaring energy costs.
link for each section the full text will be available
as before. GLNG: Germany Aims To Sign LNG Supply
Deals With UAE
AfrOil: Sonatrach CEO Says Algeria Can Germany’s Economic Affairs and Climate
Meet Italian Gas Supply Pledges Action Minister Robert Habeck said on Sep-
Algeria will be able to supply Italy with at tember 19 that Chancellor Olaf Scholz was
least 25bn cubic metres of natural gas this set to sign contracts for LNG supplies during
year, said Tewfik Hakkar, the CEO of the an upcoming trip to the UAE.
national oil company (NOC) Sonatrach, Speaking during a trip to Lubmin, where
following reports that the North African new LNG import facilities will be built in the
country might not be able to uphold its com- near future, Habeck said the UAE could help
mitment to increase deliveries. Germany diversify its slate of natural gas
suppliers.
AsianOil: Mubadala Makes Gas Find Off
Malaysia LatAmOil: Ecopetrol Requests 90-Day Sus-
UAE-based Mubadala Petroleum and its pension Of Fracking Projects
partners Shell and Malaysia’s Petronas have Colombia’s national oil company (NOC)
made a sizable natural gas discovery at Block Ecopetrol has asked ANH, the country’s oil
SK320 off the coast of Bintulu, Sarawak, in and gas regulator, to suspend its contracts
Malaysia, Petronas said on September 20. for the Kale and Platero unconventional
The discovery was made with a well fields for 90 days in the face of mounting
drilled to a depth of 1,680 metres. The well resistance from environmental groups.
encountered a gas column more than 110 Ecopetrol had been planning to carry
metres in length, in good-quality carbonate out pilot projects at the two sites, which are
reservoirs. located in Santander Province, in collabo-
ration with the US company ExxonMobil.
DMEA: ARIA Commodities To Build New
Downstream Facilities In HFZA MEOG: Arabian Drilling Prepares For IPO
UAE-based ARIA Commodities has Saudi firm Arabian Drilling Co., owned
announced plans to invest AED154mn by the local Industrialization & Energy
($41.93mn) in the construction of four new Services Co. (TAQA, 51%) and Schlum-
downstream and petrochemical facilities in berger (49%), has appointed banks to
the Hamriyah Free Zone (HFZA) in Sharjah. manage its initial public offering (IPO).
Company executives unveiled the plan The company released a statement saying
during a ceremony marking the signing it would sell 26.7mn shares, 30% of the
of a lease agreement between HFZA and total, when it lists on the local Tadawul
ARIA Group, the parent company of ARIA All Share Index (TASI) – the Riyadh stock
Commodities. exchange.

EurOil: UK Government Set To Fast-Track NorthAmOil: Talos To Expand Gulf Holdings
Key Oil And Gas Projects With EnVen Acquisition
The UK government of new Prime Min- Talos Energy announced on September
ister Liz Truss has announced plans to 22 that it had agreed to acquire privately
fast-track the development of new oil and owned US Gulf of Mexico operator EnVen See the archive and
gas fields, including the giant Cambo oil for $1.1bn. sign up to receive
deposit west of the Shetland Islands, under Houston-based Talos says it was already *NRG Editor’s Picks*
a new mini-budget announced on Septem- one of the Gulf’s largest publicly listed inde- for free by email each
ber 3. pendent producers prior to the acquisition. week here

Week 39 30•September•2022 www. NEWSBASE .com P15