Page 17 - LatAmOil Week 48 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global metres of gas for export to Europe via the Aasta
(NRG), in which the reader is invited to join Hansteen platform, which lies some 80 km east
our team of international editors, who provide a of the find.
snapshot of some of the key issues affecting their
regional beats. We hope you will like NRG’s new FSU OGM: FSB claims sabotage foiled at
concise format, but by clicking on the headline South Stream gas pipeline
link for each section the full text will be available Russia’s Federal Security Service (FSB) reported
as before. on November 24 that it had prevented a sabo-
tage attempt by Ukrainian special forces at the
AfrOil: Eco Atlantic strikes out offshore “South Stream” gas pipeline. “As a result of a set
South Africa at Gazania-1 of investigative measures, [the FSB] prevented an
UK-based Eco (Atlantic) Oil & Gas said it had attempt by Ukrainian special services to commit
not found any crude oil or natural gas in the an act of sabotage and terrorism on the South
Gazania-1 exploration well at Block 2B offshore Stream gas pipeline supplying energy resources
South Africa in the Orange basin. The company to Turkey and Europe,” the state agency said.
said it had sunk Gazania-1 to the target depth
of 2,360 metres after spudding it on October 10. GLNG: Biden announces tighter methane
rule for US operators
AsianOil: Indonesia set to decommission The Biden administration has unveiled a pro-
first offshore platform posed tighter methane rule for the oil and gas
Indonesia’s Pertamina has decommissioned sector as the US races to cut greenhouse gas
the country’s first offshore oil and gas platform, (GHG) emissions. Methane, the major com-
in co-operation with South Korean partners. ponent of natural gas and which can leak from
Upstream regulator SKK Migas reported that pipelines, is an especially potent greenhouse gas.
the platform, formerly operated by Chevron at
the East Kalimantan-Attaka block off the coast of MEOG: PIF hires banks for ADES IPO
Balikpapan, would be decommissioned under a Saudi Arabia’s Public Investment Fund (PIF)
government-to-government partnership agree- is reported to have hired banks to lead the ini-
ment between Indonesia and South Korea. tial public offering (IPO) of drilling firm ADES
International on the Tadawul All Share Index
DMEA: Israel eyes new gas export route (TASI), the local stock exchange. Sources told
to Europe Reuters that JPMorgan, Goldman Sachs, SNB
NewMed Energy (Israel) has indicated that it Capital – the Saudi National Bank’s investment
does not want Egypt’s LNG plants to be the sole arm – and Egypt’s EFG Hermes have been
export outlet for natural gas from the Leviathan selected as joint lead managers on the listing,
field. Yossi Abu, NewMed’s CEO, said during a which is set to attract more than $1bn next year.
conference call on the company’s third-quarter
results on November 24 that he was “really keen” NorthAmOil: Following COP27, Canada
to develop a floating LNG solution for Leviathan. faces criticism for oil and gas stance
Though global delegates have left COP27 in
EurOil: Equinor, partners sign off on Sharm El Sheikh, the criticism of Canada’s
$1.4bn gas field development stance on fossil fuels is still sharp. Canada was
Norway’s Equinor and its partners have signed lambasted by activists for refusing to sign a final
off on a NOK14.8bn ($1.44bn) plan to develop agreement to phase out oil and gas, but it also
an Arctic gas discovery off the country’s coast. challenged other countries to adopt carbon pric-
The discovery, Irpa, will yield around 20bn cubic ing as a key element of climate strategy. ™

NRG Oil & Gas Editor’s Picks

See the archive and sign up to receive
NRG EDITOR’S PICKS

for free by email each week here.

Week 48 30•November•2022 www. NEWSBASE .com P17