Page 17 - LatAmOil Week 42 2022

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global Norwegian press reported on October 17, citing
(NRG), in which the reader is invited to join sources as saying the deal price was NOK20-
our team of international editors, who provide a 30bn ($1.9-2.9bn). China National Offshore Oil
snapshot of some of the key issues affecting their Corp. (CNOOC) holds interests in a number of
regional beats. We hope you will like NRG’s new UK North Sea fields including Buzzard, one of
concise format, but by clicking on the headline the largest in the region, as well as Golden Eagle,
link for each section the full text will be available Scott and Telford.
as before.
FSU OGM: ExxonMobil makes abrupt
AfrOil: Tanzania, Kenya agree to fast-track Russian exit
gas pipeline ExxonMobil confirmed to multiple news agen-
Tanzania and Kenya have agreed to fast-track cies on October 17 that it had had its assets in
plans for the construction of a natural gas pipe- Russia expropriated, marking an abrupt end to
line that will eventually run from Dar es Salaam the nearly three decades that the US major has
to Nairobi. Kenyan President William Ruto been working in the country. The company
confirmed the plan on October 10, saying after a entered Russia in 1995, securing operatorship of
meeting with his Tanzanian counterpart Samia the Sakhalin-1 oil project in the Russian Far East.
Suluhu Hassan that his administration intended
to move forward with the project. GLNG: Petronas declares force majeure on
Malaysian LNG exports
AsianOil: India kicks off licensing round Malaysia’s Petronas has declared a force majeure
India is offering exploration rights to 26 oil and on supplies from its Malaysian LNG facility
gas blocks and 16 coal-bed methane (CBM) following a pipe leak, the company said last
blocks in its latest licensing contest, the country’s week, further exacerbating global supply con-
upstream regulator has announced. “There is an straints. The leak was caused by a soil movement
unprecedented interest in Indian exploration at the Sabah-Sarawak pipeline on September 21.
and production by global oil companies,” Indian
Oil Minister Hardeep Singh Puri said following MEOG: Israel, Lebanon strike maritime
a roadshow in Houston in the US. border deal
Israel and Lebanon have made a deal that resolves
DMEA: Iraq takes downstream path to their long-running dispute on the demarcation
OPEC+ compliance of their shared maritime border, despite techni-
Iraq has opted to seek compliance with OPEC+ cally remaining at war with each other. Lebanon’s
production targets via the downstream sector President Michel Aoun announced that the talks
rather than the upstream sector in November, had come to “a positive end,” calling the agree-
said Mohammad Saadoun Mohsen, the coun- ment an “historic achievement.”
try’s OPEC representative. Mohsen revealed
details of the country’s plan to Argus Media on NorthAmOil: Diamondback to acquire
October 11, explaining that Iraq would reduce FireBird for $1.6bn
domestic refinery throughput rather than cut Diamondback Energy has announced a major
production to remain within its OPEC+ quota. Midland Basin acquisition, having agreed to
purchase the Permian driller FireBird Energy for
EurOil: CNOOC eyes sale of North Sea $1.6bn in cash and stock. The purchase is of all
assets to Equinor leasehold interest and related assets for 5.86mn
China’s state-owned CNOOC is mulling the shares of Diamondback common stock and
sale of UK oil assets to Norway’s Equinor, the $775mn in cash. ™

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Week 42 19•October•2022 www. NEWSBASE .com P17