Page 14 - FSUOGM Week 50 2022

FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global GLNG: Biden Announces Tighter Methane
(NRG), in which the reader is invited to join Rule For US Oil And Gas Industry
our team of international editors, who provide a The Biden administration has unveiled a
snapshot of some of the key issues affecting their proposed tighter methane rule for the oil
regional beats. We hope you will like NRG's new and gas sector as the US races to cut GHG
concise format, but by clicking on the headline emissions. Methane, the major component
link for each section the full text will be available of natural gas and which can leak from
as before. pipelines, is an especially potent green-
house gas (GHG).
AfrOil: Eco Atlantic Strikes Out At Gazania-1 President Joe Biden, speaking at the
UK-based Eco (Atlantic) Oil & Gas said it COP27 climate summit in Egypt, announced
had not found any crude oil or natural gas in the proposed supplemental rule for methane
the Gazania-1 exploration well at Block 2B along with other emissions standards.
offshore South Africa in the Orange basin.
In a statement dated November 18, LatAmOil: EPA Imposes New Permitting Re-
Eco Atlantic said it had sunk Gazania-1 quirement On USVI Refinery
to the target depth of 2,360 metres after The US Environmental Protection Agency
spudding it on October 10. (EPA) has informed Port Hamilton Refin-
ing and Transportation (PHRT), the owner
AsianOil: Indonesia Set To Decommission of the Limetree Bay Refinery near St. Croix
First Offshore Platform in the US Virgin Islands (USVI), that it
Indonesia’s Pertamina has decommissioned may not resume oil-processing operations
the country’s first offshore oil and gas plat- unless it first obtains a new comprehensive
form, in co-operation with South Korean Clean Air Permit.
partners. In a statement dated November 17, the
Upstream regulator SKK Migas reported agency said it had instructed US-based
that the platform, formerly operated by PHRT to secure a Prevention of Significant
Chevron at the East Kalimantan-Attaka Deterioration (PSD) permit.
block off the coast of Balikpapan, would
be decommissioned under a govern- MEOG:PIF Hires Banks For ADES IPO
ment-to-government partnership agree- Saudi Arabia’s Public Investment Fund
ment between Indonesia and South Korea. (PIF) is reported to have hired banks to
lead the initial public offering (IPO) of
DMEA: Israel Eyes New Gas Export Route drilling firm ADES International on the
To Europe Tadawul All Share Index (TASI), the local
NewMed Energy (Israel) has indicated stock exchange.
that it does not want Egypt’s LNG plants Sources were quoted by Reuters as say-
to be the sole export outlet for natural gas ing that JPMorgan, Goldman Sachs, SNB
from the Leviathan field. Capital – the Saudi National Bank’s invest-
Yossi Abu, NewMed’s CEO, said during ment arm – and Egypt’s EFG Hermes have
a conference call discussing his company’s been selected as joint lead managers on
third-quarter results on November 24 that the listing, which is expected to attract
he was “really keen” to develop a floating more than $1bn when it launches next
LNG (FLNG) solution for Leviathan. year.

EurOil: Equinor, Partners Sign Off On NorthAmOil: ExxonMobil, MHI To Deploy
$1.4bn Gas Field Development CO2 Capture Technology
Norway’s Equinor and its partners ExxonMobil and Mitsubishi Heavy Indus-
announced this week that they had signed tries (MHI) have joined forces to deploy
off on a NOK14.8bn ($1.44bn) plan to MHI’s CO2 capture technology as part of
develop an Arctic gas discovery off the ExxonMobil’s end-to-end carbon capture See the archive and
country’s coast. and storage (CCS) solution for industrial sign up to receive
The discovery, Irpa, will yield around customers. *NRG Editor’s Picks*
20bn cubic metres of gas for export to The companies bring complementary for free by email each
Europe via the Aasta Hansteen platform capabilities to facilitate industry decarbon- week here
some 80 km east of the find. isation projects, said ExxonMobil.

P14 www. NEWSBASE .com Week 50 15•December•2022