Page 16 - MEOG Week 43 2022

MEOG NEWSBASE ROUNDUP GLOBAL (NRG) MEOG

NewsBase Roundup Global (NRG)

NRG WELCOME to NewsBase’s Roundup Global fare this winter, however, will depend on a
(NRG), in which the reader is invited to join number of factors – many of which are highly
our team of international editors, who provide a unpredictable.
snapshot of some of the key issues affecting their
regional beats. FSUOGM: Exxon sees abrupt Russian exit
By clicking on the headline link for each sec- ExxonMobil confirmed to multiple media on
tion the full text will be available. October 17 that it had had its assets in Russia
expropriated, marking an abrupt end to the
AfrOil: Museveni defends oil plans nearly three decades that the US major has been
Uganda’s President Yoweri Museveni has said working in the country.
that his government is committed to reaching The company entered Russia in 1995, secur-
carbon neutrality by 2050 but does not expect ing operatorship of the Sakhalin-1 oil project
fossil fuel consumption to be eliminated com- in the Russian Far East – often cited as one of
pletely within the next few decades. the most successful international oil ventures in
In a speech at a climate summit in Johannes- Russian history.
burg, Museveni declared that his country was
on track to bring net carbon dioxide emissions GLNG: Mozambique to send LNG cargo
down to zero by the middle of the century. Mozambique is on track to export its first LNG
cargo from the Coral field, located off the coast
AsianOil: Woodside achieves profit record of the country’s northernmost Cabo Delgado
Australia’s biggest oil and gas producer province, by the end of October, Macao News
Woodside Energy achieved record output and reported on October 19.
sales in the third quarter, thanks to soaring gas The publication, based in a special adminis-
prices and the wrap-up of its merger with BHP’s trative region of China, quoted Mozambique’s
petroleum division. Finance Minister Max Tonela as saying to the
The LNG exporter also raised its output guid- Portuguese news agency Lusa: “We hope that
ance after its $40bn tie-up with BHP’s petroleum before the end of October the first export of LNG
business was completed in June. produced by Mozambique will take place.”

DMEA: Russian fuel deliveries remain high LatAmOil: Guyana to reserve blocks
Russia continued to deliver higher than usual Guyana’s President Irfaan Ali has said that his
volumes of petroleum products to buyers in the government intends to set some sections of the
Middle East in September, even though deliver- country’s offshore zone aside for partnerships
ies dropped month on month, according to Vor- with other countries under bilateral accords
texa data cited by Argus Media. rather than including them in competitive
On October 19, Argus Media explained that licensing rounds.
Russian sellers had been sending about 250,000- Speaking at a press conference, Ali said that
450,000 tonnes per month of refined fuel to the Georgetown intended to dispose of a number of
Middle East prior to the outbreak of war in unassigned blocks in this fashion.
Ukraine in late February.
NorthAmOil: Hamm to acquire Continental
EurOil: Making it through the winter Shale producer Continental Resources will
Europe has filled its gas storage facilities to close merge with Omega Acquisition, an Oklahoma
to 95% of capacity, and while gas prices are still corporation owned by Continental’s founder,
very high, they are substantially down from pre- Harold Hamm.
vious spikes. The company, one of the US’ largest inde-
How the continent’s energy system will pendent oil companies, will become private.™

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P16 www. NEWSBASE .com Week 43 26•October•2022