Page 10 - AsianOil Week 45 2022

AsianOil NEWSBASE ROUNDUP GLOBAL (NRG) AsianOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global with the Act on the State's Supplementary
(NRG), in which the reader is invited to join Budget, ERR.ee writes.
our team of international editors, who provide a
snapshot of some of the key issues affecting their FSUOGM: Uniper Hit Hard By Russian Gas
regional beats. We hope you will like NRG's new Losses
concise format, but by clicking on the headline Uniper has posted a €40bn ($39bn) loss for
link for each section the full text will be available the first nine months of this year, marking
as before. one of the biggest losses in German corpo-
rate history. The reasons are well-known.
AfrOil: APT May Be Able To Launch Ntorya The company had its Russian gas supply
Gas Production Early drastically cut over the summer, before it
ARA Petroleum Tanzania Ltd (APT) is look- ended completely at the end of August.
ing to launch commercial production at the
Ntorya natural gas field in southern Tanza- GLNG: Tanzania Expects To Sign Several
nia almost a year ahead of schedule despite a Agreements On LNG Project In December
setback in its drilling schedule. Tanzanian Energy Minister January
According to Aminex (Ireland), a Makamba reiterated on November 7 that
non-operating shareholder in Ruvuma, his country’s government was optimistic
APT pushed the target date for spudding about its chances of signing a package
the Chikumbi-1 (CH-1) well at Ntorya of agreements in December with Shell
back to March 2023 after receiving new (UK) and Equinor (Norway), the for-
information on rig availability and con- eign shareholders in the Tanzania LNG
sulting with Tanzanian authorities and its consortium.
contractors.
LatAmOil: Spudding Of Wei-1 Postponed
DMEA: Iranian Government Sells 12% Again
Stake In Country’s Largest Petchem Pro- Canada’s CGX Energy has been forced once
ducer again to postpone the spudding of Wei-1,
Iran’s government has reportedly sold 12% its second exploration well at the Corentyne
of the country’s largest petrochemical pro- block offshore Guyana.
ducer, Persian Gulf Petrochemical Industries In a statement, CGX explained that the
(PGPIC), to a unit of the country’s oil pen- delay was beyond its control.
sion fund for IRR1.087 quadrillion ($3.3bn
at the free market rate), a privatisation MEOG: Aramco Announces Q3 Results
record. Saudi Aramco this week announced its Q3
“Moments ago, stocks of this company results, which were highlighted by a net
were sold for a total price of 1,087 trillion income of $42.4bn, up 139% against the
rial. It was the largest privatisation scheme same period last year.
ever conducted in the country’s history,” Despite some price volatility dur-
Hossein Ghorbanzade, who heads Iran’s ing the quarter, the company continues
Privatisation Organisation, was quoted as to benefit from the recovery experi-
saying on October 31 by the official ISNA enced over the past year or so, earning
news agency. well in excess of the level required to
cover its $18.75bn quarterly dividend
EurOil: Estonia Gives Up Stake In Finnish obligation.
LNG Terminal
The Estonian three-party government has NorthAmOil: Marathon To Purchase En-
decided that Estonia will give up its stake in sign’s Eagle Ford Assets For $3bn
the company that operates the Finnish LNG Marathon Oil has agreed to acquire the Eagle
terminal and spend the €30mn budgeted for Ford shale assets of Ensign Natural Resources
this purpose to buy additional gas reserves, for $3bn cash. The assets – in the core of the See the archive and
ERR.ee, an Estonian news website, reported play – nearly double Marathon’s Eagle Ford sign up to receive
on November 4. position and are adjacent to Marathon’s exist- *NRG Editor’s Picks*
"We decided not to acquire a stake in ing Eagle Ford wells. for free by email each
the company that operates the Finnish LNG The transaction, expected to close by the week here
terminal and use the €30mn set aside in the end of the year, will add 526.1 net square km
supplementary budget for this purpose to with a 97% working interest. The acreage
[replenish] Estonia's gas reserves," Prime is expected to produce 67,000 barrels of oil
Minister Kaja Kallas said at a government equivalent per day (boepd) in the fourth quar-
press conference, adding that this is in line ter of 2022.

P10 www. NEWSBASE .com Week 45 14•November•2022