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FSUOGM NEWSBASE ROUNDUP GLOBAL (NRG) FSUOGM
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’ Re- quest For Kavango Exploration Halt
The High Court of Namibia has ruled that the Canadian company Reconnaissance Africa (ReconAfrica) and its local part- ner, National Petroleum Corp. of Namibia (NAMCOR), may proceed with exploration work at PEL 73, a block in the Kavango basin in the north-eastern part of the country.
AsianOil: Petronas Partners With South Ko- rean Firms On CCS Opportunities Malaysia’s Petronas said on August 2 that it had signed a memorandum of understand- ing (MoU) with six South Korean com- panies 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: Partners Resume Natref Operations
South Africa’s Sasol and its French partner TotalEnergies announced that they have restarted their joint venture (JV) at Sasol- burg following the resumption of feedstock 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.
EurOil: Denmark’s Tyra Field Suffers Further Delays
The restart of Denmark’s largest gas field has been delayed for six to nine months, until the final quarter of 2023 or the first quarter of 2024, its operators announced
on August 3, in a major setback in the country’s efforts to limit gas imports.
GLNG: BP, Eni Complete Formation Of Azu- le Energy JV In Angola
BP (UK) and Eni (Italy) confirmed on August 2 that they had completed the process of estab- lishing Azule Energy, a new joint venture that will combine both companies’ upstream, LNG and solar energy assets in Angola.
In a joint statement, BP and Eni noted that Azule Energy’s portfolio would include equity stakes in 16 Angolan oil and gas blocks, includ- ing six exploration blocks.
LatAmOil: Perenco Steps Up Efforts To Col- lect Settlement From Ecuador
Perenco (UK/France) has stepped up its efforts to collect a settlement of at least $374.3mn related to a decade-old lawsuit over profit-sharing from the government of Ecuador.
On August 1, the company announced in a statement that it had frozen all bank accounts in Luxembourg that Ecuador’s government uses to make payments on cer- tain bond coupons.
MEOG:Iran Says Oil Funds Are In Place
In MEOG, we looked at Iran’s announcement that a large portion of its planned investment to develop the country’s oil sector is in place.
Speaking on national TV, Oil Minister Javad Owji reiterated that $160bn of invest- ment will be required over the next eight years to enable Iran to complete oil develop- ment projects
NorthAmOil: Freeport LNG To Resume Op- erations In October
A US regulator this week gave approval for Freeport LNG to partially resume operations following an explosion and a fire in June.
The operator of the 15mn tonne per year (tpy) facility received consent from the Pipeline and Hazardous Materials Safety Administration (PHMSA), allowing it to return to action in October at almost full capacity,
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w w w . N E W S B A S E . c o m Week 32
11•August•2022