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Qatar Petroleum signs a deal worth $2.47 billion
Feb. 19, 2019

Qatar Petroleum signs a deal worth $2.47 billion

Qatar Petroleum is planning to reduce its dependency on imports and increase its domestic production. In order to fuel up its local energy industry, the firm has signed a preliminary deal with Schlumberger and Baker Hughes worth $2.47 billion on Monday. The initial agreement will involve investment in production facilities, training and development. Qatar is strategizing to boost its LNG production by 43% by 2023-24.

Nakilat forms joint venture with McDermott
Feb. 19, 2019
Source: The Peninsula

Nakilat forms joint venture with McDermott

Qatar-based Nakilat has entered into an agreement with EPC giant, McDermott to form a joint venture, which will provide onshore and offshore fabrication services in Qatar. The formation of the joint venture is in line with Qatar’s recent localisation program, which aims at enhancing the resilience of the energy sector’s supply chain. The strategic partnership will boost productivity levels at Nakilat’s world-class Erhama Bin Jaber Al Jalahma Shipyard.

Turkey begins world’s biggest ship-to-ship LNG transfer
Jan. 3, 2019
Source: Anadolu Agency

Turkey begins world’s biggest ship-to-ship LNG transfer

The world's biggest ship-to-ship LNG transfers began yesterday in Turkey’s Mehmet Tecimen. The LNG transfer is between BOTAS's Floating Storage Regasification Unit (FSRU) and Al Sadd vessel, which brought LNG from Qatar. In a press briefing, oil utilities regional director of BOTAS said that the entire LNG transfer procedure will take two days.

Qatar to quit OPEC in 2019
Dec. 3, 2018
Source: ALJAZEERA

Qatar to quit OPEC in 2019

Gulf nation, Qatar has announced withdrawal from the cartel of oil producing nations, OPEC. The announcement came from Qatar’s Energy Minister who said that Doha wants to concentrate on the production of natural gas in the upcoming years. Qatar is currently the world's biggest LNG supplier. With this decision, Qatar will become the first Gulf country to leave the bloc of 15 oil-producing countries.

Qatargas signs SPA with PetroChina
Sept. 10, 2018

Qatargas signs SPA with PetroChina

World’s biggest LNG firm, Qatargas today entered into a 22-year long sale and purchase agreement (SPA) with PetroChina’s international arm, PetroChina International Company Limited. The agreement requires Qatargas to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) per annum. LNG will be supplied from the the Qatargas 2 project, which is a joint venture between ExxonMobil, Qatar Petroleum and Total.

Qatar targets improved future oil supplies
Sept. 7, 2018

Qatar targets improved future oil supplies

With the significant improvement in oil prices, the Energy Minister of Qatar has demanded all the oil-producing countries to increase their investment in the oil and gas sector. Foreseeing the impact of inadequate investment, he said that now is the time to ensure secure oil supplies. According to the minister, setting particular targets can hamper the market growth and hence, he is not in favour of this idea.

Saipem awards contract to Balltec
Aug. 11, 2018

Saipem awards contract to Balltec

Saipem has awarded the contract for supplying two sheave connection points (SCPs) for Dolphin Energy’s emergency pipeline repair system (EPRS) to UK-based Balltec. Under the Dolphin project, natural gas is transported from North Field of Qatar for processing at EPRS’ offshore processing plant at Ras Laffan. The gas is then transported to Taweelah, UAE via export subsea pipeline.

The first U.S. shale gas cargo to arrive in Middle East
May 14, 2018
Source: World Oil

The first U.S. shale gas cargo to arrive in Middle East

Israel will receive a cargo of U.S. shale gas. Since exports began in 2016, it is the first to arrive in the Middle Eastern nation from America’s shores. The vessel is called British Diamond and is beneficially owned by BP Plc. America is poised to compete with Qatar and Australia in global LNG dominance in the times to come.

Bloomberg Data - First export of natural gas from the US East Coast
April 18, 2018
Source: World Oil

Bloomberg Data - First export of natural gas from the US East Coast

The first commercial LNG cargo ‘Adam LNG’ from Dominion Energy’s Cove Point terminal in Maryland on the east coast of USA has set sail. This would accelerate America’s emergence as an LNG powerhouse and it might challenge Australia and Qatar for global dominance in the next five years.

Petronet LNG and OVL together to pick stake in Qatar project
April 11, 2018
Source: Economic Times

Petronet LNG and OVL together to pick stake in Qatar project

Petronet wants to collaborate with the overseas wing of India’s biggest explorer, ONGC Videsh Ltd., to pick up a stake in an upcoming exploration and liquefied natural gas (LNG) project in Qatar, as revealed by a top company official. It will be a maiden venture of Petronet in LNG E&P business and overseas LNG terminals.

Eni and Qatar Petroleum in talks for a deal on giant Mexico field
April 6, 2018
Source: World Oil

Eni and Qatar Petroleum in talks for a deal on giant Mexico field

Eni Spa, the Italian oil major, is in talks to sell 20% to 35% of its stake in its giant oil discovery in Mexico to Qatar Petroleum International. Presently, the negotiation isn’t public. Since Mexico opened its oil industry to competition in 2013, this deal would be the first Mexico farm-out, a joint venture in which help in developing an oil area is exchanged for a stake.

ExxonMobil collaborates with Pakistan for third LNG terminal
March 21, 2018

ExxonMobil collaborates with Pakistan for third LNG terminal

Together with the Pakistani syndicate Energas, ExxonMobil is planning to develop the nation’s third import terminal for liquefied natural gas (LNG). The proposal is to build a $150 million offshore terminal at Port Qasim near Karachi in May. LNG will be supplied to the terminal by Exxon and Qatar. The terminal which will have a capacity of about 5.6 million tons/year is expected to be completed by late 2019.

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