Page 14 - GLNG Week 42 2022

GLNG NEWSBASE’S ROUNDUP GLOBAL (NRG) GLNG

NewsBase’s Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global
(NRG), in which the reader is invited to join FSUOGM: ExxonMobil sees abrupt Russian
our team of international editors, who provide a exit, saying assets expropriated
snapshot of some of the key issues affecting their ExxonMobil confirmed to multiple media on
regional beats. We hope you will like NRG’s new October 17 that it had had its assets in Russia
concise format, but by clicking on the headline link expropriated, marking an abrupt end to the
for each section the full text will be available as nearly three decades that the US major has been
before. working in the country. The company entered
Russia in 1995, securing operatorship of the
AfrOil: Tanzania, Kenya agree to fast-track gas Sakhalin-1 oil project in the Russian Far East –
pipeline often cited as one of the most successful interna-
The Democratic Republic of Congo (DRC) has tional oil ventures in Russian history.
rejected a request from US climate envoy John
Kerry to reduce the number of blocks included
in its current onshore licensing round from 30 to GLNG: Petronas declares force majeure on
24, Environment Minister Eve Bazaiba revealed Malaysian LNG exports
on October 5. According to Bazaiba, Kerry Malaysia’s Petronas has declared a force majeure
made the request at a meeting with the DRC’s on supplies from its Malaysian LNG facility fol-
President Felix Tshisekedi on October 4, arguing lowing a pipe leak, the company said last week,
that preventing oil and gas exploration at those further exacerbating global supply constraints.
blocks was necessary to protect forests. The leak was caused by a soil movement at the
Sabah-Sarawak gas pipeline on September 21.
AsianOil: India kicks off another oil and gas
licensing round LatAmOil: Ecuador plans to auction off-
India is offering rights to 26 oil and gas blocks shore gas blocks in 2024
and 16 coal-bed methane blocks in its latest Ecuador’s government is drawing up plans for an
exploration licensing contest, the country’s offshore licensing round for natural gas blocks in
upstream regulator announced last week, as New the Gulf of Guayaquil, Energy Minister Xavier
Delhi looks to expand domestic crude supply. Vera has said. Vera told Reuters in an interview
“There is an unprecedented interest in Indian that Quito would probably stage auctions for
exploration and production by global oil com- the blocks in 2024, after it wraps up the bidding
panies,” Indian Oil Minister Hardeep Singh Puri process for a group of onshore licence areas next
said last week following a roadshow in Houston year.
in the US.

DMEA: Iraq takes downstream path to OPEC+ MEOG: Israel and Lebanon agree maritime
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 FireBird
month of November. 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 for
China’s state-owned CNOOC is mulling the sale of $1.6bn in cash and stock. The purchase is of all
UK oil assets to Norway’s Equinor, the Norwegian leasehold interest and related assets for 5.86mn
press reported on October 17, citing sources as say- shares of Diamondback common stock and
ing the deal price was NOK20-30bn ($1.9-2.9bn). $775mn in cash.
China National Offshore Oil Corp. (CNOOC)
holds interests in a number of UK North Sea fields See the archive and sign up to receive NRG Editor’s
including Buzzard, one of the largest in the region, Picks for free by email each week here.™
as well as Golden Eagle, Scott and Telford.

P14 www. NEWSBASE .com Week 42 21•October•2022