Page 13 - NorthAmOil Week 42 2022

NorthAmOil NEWSBASE’S ROUNDUP GLOBAL (NRG) NorthAmOil

NewsBase’s Roundup Global (NRG)

GLOBAL WELCOME to NewsBase’s Roundup Global Buzzard, one of the largest in the region, as
(NRG), in which the reader is invited to join well as Golden Eagle, Scott and Telford.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: ExxonMobil sees abrupt Rus-
regional beats. We hope you will like NRG’s new sian exit, saying assets expropriated
concise format, but by clicking on the headline link ExxonMobil confirmed to multiple media on
for each section the full text will be available as October 17 that it had had its assets in Russia
before. expropriated, marking an abrupt end to the
nearly three decades that the US major has been
AfrOil: Tanzania, Kenya agree to fast-track working in the country. The company entered
gas pipeline Russia in 1995, securing operatorship of the
The governments of Tanzania and Kenya have Sakhalin-1 oil project in the Russian Far East –
agreed to fast-track plans for the construction of often cited as one of the most successful interna-
a natural gas pipeline that will eventually connect tional oil ventures in Russian history.
the former country’s old capital, Dar es Salaam,
to the latter’s capital city, Nairobi. Kenyan Pres- GLNG: Petronas declares force majeure on
ident William Ruto confirmed reports to this Malaysian LNG exports
effect on October 10, saying after a meeting with Malaysia’s Petronas has declared a force majeure
his Tanzanian counterpart Samia Suluhu Has- on supplies from its Malaysian LNG facility fol-
san that his administration intended to move lowing a pipe leak, the company said last week,
forward with the project. further exacerbating global supply constraints.
The leak was caused by a soil movement at the
AsianOil: India kicks off another oil and gas Sabah-Sarawak gas pipeline on September 21.
licensing round
India is offering rights to 26 oil and gas blocks LatAmOil: Ecuador plans to auction off-
and 16 coal-bed methane blocks in its latest shore gas blocks in 2024
exploration licensing contest, the country’s Ecuador’s government is drawing up plans for an
upstream regulator announced last week, as offshore licensing round for natural gas blocks in
New Delhi looks to expand domestic crude the Gulf of Guayaquil, Energy Minister Xavier
supply. “There is an unprecedented interest in Vera has said. Vera told Reuters in an interview
Indian exploration and production by global that Quito would probably stage auctions for
oil companies,” Indian Oil Minister Hardeep the blocks in 2024, after it wraps up the bidding
Singh Puri said last week following a roadshow process for a group of onshore licence areas next
in Houston in the US. year.

DMEA: Iraq takes downstream path to MEOG: Israel and Lebanon agree maritime
OPEC+ compliance border deal
Iraq has decided to carve out a path toward Israel and Lebanon this week agreed a deal that
compliance with OPEC+ production targets resolves their long-running dispute around
through the downstream sector rather than the demarcation of their shared maritime bor-
the upstream sector in November, according der despite technically remaining at war with
to Mohammad Saadoun Mohsen, the country’s each other. Lebanon’s President Michel Aoun
OPEC representative. Mohsen revealed details of announced that the talks had come to “a pos-
the country’s plan to Argus Media on October itive end”, calling the agreement an “historic
11, explaining that Iraq would reduce domestic achievement”.
refinery throughput rather than cut production
in order to comply with its OPEC+ quota for the NorthAmOil: Diamondback to acquire Fire-
month of November. Bird for $1.6bn
Diamondback Energy has announced a major
EurOil: CNOOC eyes sale of North Sea as- Midland Basin acquisition, having agreed to
sets to Equinor purchase the Permian driller FireBird Energy
China’s state-owned CNOOC is mulling the for $1.6bn in cash and stock. The purchase is
sale of UK oil assets to Norway’s Equinor, the of all leasehold interest and related assets for
Norwegian press reported on October 17, 5.86mn shares of Diamondback common
citing sources as saying the deal price was stock and $775mn in cash.
NOK20-30bn ($1.9-2.9bn). China National
Offshore Oil Corp. (CNOOC) holds interests See the archive and sign up to receive NRG Editor’s
in a number of UK North Sea fields including Picks for free by email each week here.™

Week 42 20•October•2022 www. NEWSBASE .com P13