Page 16 - LatAmOil 32

LatAmOil NEWSBASE ROUNDUP GLOBAL (NRG) LatAmOil
NewsBase Roundup Global (NRG)
NRG
Welcome to NewsBase’s Roundup Global (NRG), in which the reader is invited to join our team of international editors, who provide a snapshot of some of the key issues affecting their regional beats. We hope you will like NRG’s new concise format, but by clicking on the headline link for each section the full text will be available as before.
AfrOil: Namibian court denies NGOs’ request for Kavango exploration halt
The High Court of Namibia has ruled that Can- ada’s Reconnaissance Africa (ReconAfrica) and its local partner, National Petroleum Corp. of Namibia (NAMCOR), may proceed with explo- ration work at PEL 73, a block in the Kavango basin. The court, led by Justice Thomas Masuku, issued a judgment to this effect on July 29.
AsianOil: Petronas partners with South Korean firms on CCS opportunities Malaysia’s Petronas has signed a memorandum of understanding (MoU) with six South Korean companies that will see them collaborate on carbon dioxide (CO2) capture, transport and storage. The six companies are Samsung Engi- neering, Samsung Heavy Industries, SK Earthon, SK Energy, GS Energy and Lotte Chemical.
DMEA: Natref resumes operations
South Africa’s Sasol and its French partner TotalEnergies have restarted their joint venture at Sasolburg following the resumption of feed- stock deliveries. Delayed crude oil deliveries caused the JV to close the 107,000 barrel per day (bpd) National Petroleum Refiners of South Africa (Natref ) unit, one of only two operational refineries in the country.
EurOil: Denmark’s Tyra field suffers more delays
The restart of Denmark’s largest gas field has been delayed until the final quarter of 2023 or the first quarter of 2024, its operators announced on August 3, in a major setback in the coun- try’s efforts to limit gas imports. Operator
TotalEnergies and its partner Noreco says global supply chain issues have delayed fabrication work on the field’s process module.
FSU OGM: Russia ups stakes in Sakhalin showdown
Russia has raised the stakes in a standoff with Western investors at major oil and gas projects in the Far East, blaming Sakhalin-1 operator ExxonMobil for a collapse in production, and giving Shell and other investors at the Sakhalin-2 project a month to decide whether they want to keep their stakes. Oil output at Sakhalin-1 has virtually ceased, ExxonMobil’s Russian state partner in the project Rosneft said on August 4.
GLNG: BP, Eni complete formation of Azule Energy JV in Angola
BP (UK) and Eni (Italy) confirmed on August 2 that they had completed the process of establish- ing Azule Energy, a new joint venture that will combine both companies’ upstream, LNG and solar energy assets in Angola. In a joint state- ment, BP and Eni noted that Azule Energy’s portfolio would include equity stakes in 16 Angolan oil and gas blocks that contain around 2bn barrels of oil equivalent in net resources.
MEOG: Iran says oil funds are in place
Iran has said that a large portion of its planned investment to develop the country’s oil sector is inplace.SpeakingonnationalTV,OilMinister Javad Owji reiterated that $160bn of investment will be required over the next eight years to ena- ble Iran to complete oil development projects.
NorthAmOil: Freeport LNG to resume operations in October
A US regulator this week gave approval for Free- port LNG to partially resume operations follow- ing an explosion and a fire in June. The operator of the 15mn tonne per year (tpy) facility received consent from the Pipeline and Hazardous Mate- rials Safety Administration (PHMSA), allowing it to return to action in October at almost full capacity, pending corrective measures.™
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.
P16
w w w . N E W S B A S E . c o m Week 32 10•August•2022