From Reuters Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers Chevron, Norway’s Equinor and Italy’s Eni, industry sources said. Plans to expand Qatar’s liquefied natural gas (LNG) facilities, already the world’s largest, by more than a third in the next five
Qatar Petroleum CEO looking to U.S. for “gas and oil, conventional and non-conventional” CEO said U.S. Congress’s proposed NOPEC bill is one reason Qatar is departing OPEC From Reuters Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly
Qatar, OPEC member since 1961, says it’s time to split Just three days before the opening of its 175th “Ordinary Meeting” in Vienna, OPEC appears to be splintering. Even as the group works toward a second production cut, Qatar announced it will leave the cartel in January. Qatar joined OPEC in 1961, only one year after the cartel was formed.
From Bloomberg It’s the opposite of a meteoric rise. Saad Sherida Al-Kaabi was a teenager when he joined Qatar Petroleum in 1986, still an engineering student at Pennsylvania State University. He climbed slowly through the ranks, finally becoming chief executive officer in 2014 and managing projects that cemented Qatar’s role as the world’s top exporter of liquefied natural gas. On Sunday, Al-Kaabi
From Bloomberg PetroChina Co. signed a deal with Qatargas Operating Co. to purchase 3.4 million tons of liquefied natural gas annually, the Chinese company’s biggest supply deal, amid a brewing trade war with the U.S. that threatens to stifle the Asian nation’s purchases of American fuel. Under the 22-year agreement, Qatargas will supply LNG from the Qatargas 2 project, a joint venture between
From E&E News The United States is rapidly increasing its exports of liquefied natural gas. But it isn’t the only nation doing so or that has plans to do so. The addition of the Cove Point LNG plant in Maryland brings the number of major LNG export centers in the U.S. outside Alaska to two. Sabine Pass in Louisiana became
[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are challenging the balance of oil producers in the Middle East. El Mallakh was keynote speaker at the Energy Finance Discussion
Qatar lifts moratorium on developing the North Field, which holds the majority of the country’s natural gas Qatar will end a self-imposed moratorium on further developing the North Field as it hopes to remain competitive and capture more market share in natural gas markets over the coming years. North Field, which is split by territorial lines with Iran and called
Former Qatari Oil Minister campaigning for 2.5 MMBOPD cut Qatar’s former oil minister, Abdullah al-Attiyah, said he is concerned about the continued crude oil supply glut. He is talking to OPEC and non-OPEC producers about making cuts before oversupply becomes unmanageable “like a cancer,” reports Reuters. Attiyah, who served as Qatar’s oil minister from 1992 to 2011, said deals last
The governments of Japan and India announced on September 9, 2013, a joint buyer’s group agreement to increase the importation of liquefied natural gas (LNG) in an attempt to offset their rising energy prices. According to Mari Iwata’s report in The Wall Street Journal, the countries plan to ask fellow importers, such as South Korea and Singapore, to join the
