1. The UK oil and gas regulator launches the 33rd round of licensing
Britain’s North Sea Transitional Authority (NSTA) launched the first round of oil and gas licenses since 2019 on Friday, aiming to grant more than 100 licenses to increase domestic oil and gas production and reduce dependence on foreign fossil fuel sources.
2. “Sakhalin 1″ oil and gas project operator changes
Russian President Putin issued an order on the 7th, authorizing the Russian authorities to establish a new operator of the “Sakhalin 1″ project, which will be temporarily handed over to the subsidiary of Rosneft, “Sakhalin Offshore Oil and Gas Continental Shelf”, to take over the rights and obligations of Exxon Neftegaz Limited.
The current operator of the “Sakhalin 1″ project is Exxon Oil&Gas Co., Ltd., a subsidiary of ExxonMobil, which holds 30% of the shares of the project. Earlier this year, Exxon Mobil withdrew $4.6 billion in impairment charges for exiting the project. The project is the largest investment of ExxonMobil in Russia. However, the upstream business director of the company said on October 4 that he was still negotiating with his partners on the issue of withdrawal.
At present, the oil and gas production of the project has been completely stopped. The shareholders of “Sakhalin 1″ also include Rosneft (20%), Japan Sakhalin Oil and Gas Development Corporation (SODECO) (30%) and India Oil and Gas Corporation (ONGC) (20%)
3. Sembcorp Marine won a large FPSO order of 3.05 billion US dollars from Petrobras
Petrobras recently announced through international bidding that Sembcorp Marine had won the engineering, procurement and construction (EPC) contract for the P-82 FPSO, with a total value of 3.05 billion US dollars.
Petrobras said that the daily output of this FPSO would reach 225000 barrels of crude oil and 12 million cubic meters of natural gas. The P-82 is expected to be put into service in 2026, when it will be deployed in Buzios oilfield. Buzios Oilfield is the second largest oil producing area in Brazil and one of the largest deep-water discoveries in this century.
4. CEO of Saudi Aramco: The oil market does not pay attention to the fundamentals of tight supply
Amin Nasser, CEO of Saudi Aramco, said at the Energy Intelligence Forum held in London on Tuesday that the current oil market is concerned about economic recession rather than fundamentals, ignoring the fact that the current global idle oil production capacity is very low, and that once the economy recovers, producers will be difficult to solve the problem of oil supply.
Post time: Oct-08-2022