Page 18 - DMEA Week 44 2022

DMEA NEWSBASE ROUNDUP GLOBAL (NRG) DMEA

NewsBase Roundup Global (NRG)

NRG Welcome to NewsBase’s Roundup Global on October 31, in order to safeguard its energy
(NRG), in which the reader is invited to join our security. ExxonMobil until recently had a 30%
team of international editors, as they provide a interest in Sakhalin-1, but announced its inten-
snapshot of some of the key issues affecting their tion to withdraw from the project in March fol-
regional beats. We hope you will like NRG’s new lowing the launch of Russia’s invasion of Ukraine.
concise format, but by clicking on the headline
link for each section the full text will be available GLNG: Philippines prepares for entry into
as before. LNG sector
The Philippines will next year mark its entry into
AfrOil: Somalia green-lights Coastline’s the world of LNG with the opening of three LNG
exploration plans terminals that will enable the country to reduce
US-based Coastline Exploration secured a green carbon output in line with its green energy goals
light from the Federal Government of Somalia and also to replace natural gas that now comes
for exploration work covering seven offshore from the Philippines’ dwindling Malampaya
deepwater blocks. Coastline had signed produc- gas field, which will be depleted by 2027. The
tion-sharing agreements (PSAs) for all seven three regasification terminals will be operated
blocks this February with Abdirashid Mohamed by Singapore-based Atlantic, Gulf and Pacific
Ahmed, then serving as Somalia’s Minister of (AG&P), the Philippines’ First Gen Corpora-
Petroleum and Mineral Resources. tion and Energy World Corporation, which is
Australia-listed.
AsianOil: Jadestone drops plans to buy
OMV’s stake in Maari field LatAmOil: Brazil’s oil and gas output tops
Austria’s OMV has dropped plans announced 4mn boepd
in 2019 to divest its 69% interest in the Maari Brazil’s hydrocarbon production hit 4.048mn
field off the coast of New Zealand to Asia-fo- barrels of oil equivalent per day in September
cused Jadestone Energy because of regulatory 2022, according to data released by the country’s
delays. Jadestone said it had engaged with OMV National Agency of Petroleum, Natural Gas and
following changes to New Zealand’s upstream Biofuels (ANP). This is only the second time that
regulatory framework at the end of last year. monthly output has ever topped 4mn boepd.

EurOil: Russia accuses UK of blowing up MEOG: Energean delivers first gas from
Nord Stream pipelines Karish field
Russia’s defence ministry has accused British London-listed explorer Energean this week
Navy personnel of blowing up the Nord Stream delivered first gas from the Karish field offshore
pipelines – a claim that the UK has rejected, Israel through its Energean Power floating pro-
describing it as an attempt to distract from Rus- duction, storage and offloading unit. Gas began
sian military setbacks in Ukraine. Without pro- to flow the day after Israel gave the go-ahead after
viding evidence, the ministry said that “British years of preparation, planning and controversy.
specialists” were behind the Nord Stream pipe-
lines’ sabotage. NorthAmOil: Teck to sell share of Fort Hills
oilsands project to Suncor for $737mn
FSU OGM: Japan reportedly seeks to Canadian miner Teck Resources will sell its
remain at Sakhalin-1 stake in the Fort Hills oil sands project to Suncor
Japan’s government has said it intends to remain Energy for CAD1bn ($737mn). Teck said it is
involved in the previously ExxonMobil-led shifting its focus to copper in an effort to reduce
Sakhalin-1 oil and gas project, Nikkei reported its involvement in carbon. ™

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P18 www. NEWSBASE .com Week 44 03•November•2022