Page 18 - AfrOil Week 47 2022

AfrOil NEWSBASE ROUNDUP GLOBAL (NRG) AfrOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global estimated. Revenues came to €21bn ($22bn)
(NRG), in which the reader is invited to join our in October, Finland’s Centre for Research on
team of international editors, as they provide a Energy and Clean Air (CREA) said.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new GLNG: African NGOs call for suspension
concise format, but by clicking on the headline of Tema LNG project in Ghana
link for each section the full text will be available A group of African non-governmental organ-
as before. isations (NGOs) has called for the suspension
of the Tema LNG project in Ghana, arguing
AsianOil: Petroleum Sarawak plans four that the deal could end up costing the country
gas hubs over next decade $1.5bn. Tema LNG, whose operator is backed by
The Malaysian state of Sarawak on the island of Helios Investment Partners of the UK and Afri-
Borneo intends to build four gas hubs across its can Infrastructure Investment Managers (AIIM)
territory over the next 10 years in accordance of the Netherlands, is key to Ghana’s plans to
with its Gas Roadmap. State-owned oil and gas become a gas hub.
company Petroleum Sarawak Bhd (Petros) will
invest MYR65bn ($14.3bn) to build gas hubs in LatAmOil: Suriname launches deepwater
Miri, Samalaju, Bintulu and Kuching. bidding round
Staatsolie Hydrocarbon Institute (SHI), a subsid-
DMEA: Iranian petrochemical companies iary of Suriname’s national oil company (NOC)
look upstream Staatsolie, launched a new licensing round cov-
A consortium of Iranian petrochemical compa- ering 43,956 square km of deepwater acreage on
nies has commenced the process of developing the Demerara Plateau on November 8. SHI has
three natural gas fields in Iran. This is the first invited both NOCs and international oil com-
time in the history of the country’s hydrocarbon panies (IOCs) to submit offers for the six blocks
industry that petrochemical companies have included in the Demerara Bidding Round.
taken such a step, noted the secretary-general of
the Iranian Petrochemical Industry Employers MEOG: POGC to drill more at South Pars
Association, Ahmad Mahdavi Abhari. Iran’s state-owned Pars Oil and Gas Co. (POGC)
will drill 35 new wells to maintain and expand
EurOil: Norwegian producers expanding gas production from the South Pars gas field.
investment projections Speaking to the Ministry of Petroleum’s Shana
Norwegian oil and gas companies have increased news agency, Shobeir Nabavi, POGC’s deputy
their projections for investment in 2022, eager to head of Reservoir Operations Engineering, said
exploit the remaining time available for projects the company has obtained the necessary permits
to receive tax incentives, the country’s statistics from the ministry to spud 35 new wells at the
office said on November 17. Producers are now field within the next two or three years.
expected to invest NOK175.3bn ($17.4bn) in the
country’s offshore oil and gas fields this year, ver- NorthAmOil: Biden announces tighter
sus an August forecast of NOK172.8bn. methane rule for US oil and gas industry
The Biden administration has unveiled a pro-
FSU OGM: Russian fossil fuel exports posed tighter methane rule for the oil and gas
slump in October sector as the US races to cut greenhouse gas
Russian fossil fuel exports slumped in October (GHG) emissions. Methane, the major com-
to their lowest level since the start of Moscow’s ponent of natural gas and which can leak from
invasion of Ukraine, a Finnish think-tank has pipelines, is an especially potent GHG. ™

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P18 www. NEWSBASE .com Week 47 24•November•2022