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Qatar Petroleum

Qatar Petroleum, Maersk Oil Qatar Agree on Further Developments

Qatar Petroleum and Maersk Oil Qatar recently agreed on a new plan for further development of Al Shaheen Field in Block 5, offshore Qatar, according to an OilVoice report. The work will commence immediately and continue through the next six years. The 2005 Field Development Plan (FDP) comprises of drilling of more than 160 additional production and water injection wells during the 6-year period, as well as establishment of three further offshore platform locations with production and accommodation facilities, totaling 19 new platforms - interconnected by subsea pipelines. The Al Shaheen field oil production will be gradually increased to a plateau level of 525,000 barrels/day from late 2009. As part of the 2005 FDP, Maersk Oil Qatar will also build and operate additional facilities for gathering and delivery of associated gas to Qatar Petroleum for utilization at their onshore plants. Source: OilVoice


QP, Chevron Ink Offshore Moroccan Deal

Courtesy Qatar Petroleum

Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from Chevron’s 75% share in three deep-water offshore leases in the Kingdom of Morocco. ​Under the agreement, which was approved by the Moroccan government, Qatar Petroleum will acquire the 30% interest in the deep-water leases, while Chevron will retain a 45% interest and remains the operator and Morocco's Office National Des


Daewoo to Build 5 LNG Tankers

According to reports, Daewoo Shipbuilding has been tapped to build five LNG tankers LNG tankers valued at $1.20 billion for Qatar Liquefied Gas II which is a joint venture between Exxon Mobil Corp. and state-run Qatar Petroleum.


ConocoPhillips, Qatar Petroleum Sign MOU

ConocoPhillips and Qatar Petroleum International (QPI) announced that the two companies have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar. The MOU was signed on behalf of QPI by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar, and by James J. Mulva, ConocoPhillips chairman and chief executive officer


Pearl GTL Plant Open for Business

Qatar Petroleum and Shell announced that the Pearl gas-to-liquids (GTL) plant, located in Ras Laffan Industrial City in the State of Qatar, has sold its first commercial shipment of GTL Gasoil. The sale marks the start of production of GTL products when the State of Qatar and Shell, the operator of the Pearl GTL plant, begin to receive revenue from the project. Over the coming months, production will ramp up from the first production unit (‘train’) of the Pearl GTL project


Qatar Petroleum Delivers 500th LNG Cargo UK

Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum. Photo: QP

 Qatar Petroleum (QP) has announced the delivery of the 500th liquefied natural gas (LNG) cargo from QP affiliate Qatar Liquefied Gas Company (2) to the South Hook LNG Terminal at Milford Haven in the United Kingdom.   The landmark delivery, on Thursday March 24th, was made on board the Q-Flex LNG vessel Al-Hamla.    Mr. Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum, described the delivery as “another significant achievement for Qatar’s LNG


Qatar Orders World’s Largest LNG Ships

Qatar Gas Transport Company (Nakilat) signed a contract with two South Korean shipbuilders to construct the world's largest liquified natural gas (LNG) carriers at a cost of $2.5bn, according to a report from The Peninsula/Agencies. Nakilat said in a statement that it has ordered three "QMax" LNG carriers with a capacity of 265,000 cubic metres (9.3 million cubic feet) each from Daewoo Shipbuilding and Marine, and another three from Samsung Heavy Industries


ExxonMobil Chief Touts Q-Max Advantage

Rex Tillerson, CEO, Exxon Mobil

Speaking at the 19 World Petroleum Congress in Madrid, Mr. Tillerson outlined the challenge of supplying growing energy needs while minimizing the impact on the environment. “New energy technologies for energy supply, such as those enabling an increase in world LNG supplies, together with technologies to improve energy efficiency, will be critical in meeting the world’s energy challenge,” Mr. Tillerson said.


Qatar Petroleum plans to invest over 40 billion QAR

 Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry and Chairman of QP

  Qatar Petroleum (QP) announced plans to invest over 40 billion Qatari Riyals (QAR) in the re-development of the existing Bul Hanine offshore oil field located about 120 kilometers to the east of the Qatari coastline. The project, which is currently at the pre-FEED stage, is one of the largest to be managed and executed by QP. It is designed to prolong the field’s life by countering its production decline and doubling its current oil production rate.


Middle East Launch of DNV GL's Safe LNG Bunkering RP

M. Shahrin Osman: Photo DNV GL

DNV GL says it is launching a new Recommended Practice (RP) on LNG Bunkering in the Middle East & South Asia. The launch in Doha is in conjunction with Qatar’s announcement that it is going to establish a strategy of supplying LNG as a marine fuel in Qatar and the other countries forming the Gulf Cooperation Council (GCC). “Qatar’s entry as a provider of LNG for the marine industry will be a game-changer given that it is the largest single exporter of LNG


UASC, Qatargas and Shell Join to Push LNG as Marine Fuel

Qatargas CEO Khalid bin Khalifa Al Thani (fifth left), United Arab Shipping Company CEO Jorn Hinge (fourth left), and Managing Director and Chairman of Qatar Shell Companies, Michiel Kool (sixth left) along with other officials after the signing ceremony. Photo: Qatargas

 Qatargas, United Arab Shipping Company (UASC) and Shell signed a Memorandum of Understanding (MoU) to explore the development of LNG as a marine fuel in the Middle East region.    This is the second such agreement signed by Qatargas and Shell in as many months and establishes


Bulgaria to Develop Ports with Quatar

Bulgarian Prime Minister Borisov with Qatars Transport Minister Al Sulaiti. Photo by GIS

 Bulgaria will develop its port infrastructure in cooperation with Qatar, reports Standartnews.   Bulgarian Prime Minister Boyko Borisov held a meeting with Qatar’s Minister of Transport and Communications Jassim bin Saif Al Sulaiti in this regards.  


Qatargas, RWE Ink SPA Deal for LNG Deliveries

Al Hamla Q-Flex Photo Qatargas

Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North


Maersk 'BBB+' Ratings Put On CreditWatch Negative

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  • A.P. Moller – Maersk A/S (Maersk) recently announced its undertaking of a strategic and structural review of its business set-up. • We understand that the disposal of one or several of Maersk's main business units could form part of the review's outcome


Milaha CEO Al-Hetmi to Step Down

Khalifa Ali Al-Hetmi (Photo: Milaha)

Milaha president and CEO, Khalifa Ali Al-Hetmi, will retire in September, the Qatar-based marine transport and logistics conglomerate announced.   Having joined Milaha 31 years ago, Al-Hetmi has been at the helm of Milaha for the past seven years


Qatar Onslaught of LNG Supply to Shake-up the Market

Photo: Qatargas Operating Company Limited

 Gas giant  Qatar is the world’s top supplier of liquefied natural gas (LNG), but in the coming five years it could be surpassed by Australia, a shift which could weigh on its dominance in Asia, reports Reuters.   Asia accounts for almost three quarters of the global market


Nakilat Damen Shipyards Qatar JV is 5

Nakilat Damen Shipyards Qatar (Courtesy Nakilat Damen Shipyards Qatar)

  On 23 November 2015, Nakilat Damen Shipyards Qatar celebrated its first 5 years of operation. With 40 vessels delivered or under construction, the yard has proven its capability to support Qatar’s national strategy for economic diversification.


30 Cruise Ships to Reach Qatar Next Year

The New Port, Doha. Pic by New Port Project Steering Committee

 Qatar's Doha Port expects to receive around 30 cruise ships next year, says Director of Doha Port Management Captain Abdul Aziz Nasser al Yafei. The port had received three cruise ships this year.   He also said the new Hamad Port may receive mega cruise ships starting from next year


Pakistan Cancels Shell LNG Deal, Cites Price as Reason

Pakistan State Oil has dropped plans to buy 60 liquefied natural gas (LNG) cargoes from Royal Dutch Shell after receiving a lower price from Qatar, two trade sources with knowledge of the matter said on Friday. Pakistan was to buy from Shell after the oil major submitted the lowest price in a


Keppel FELS Delivers First Rig of the Year

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Halul, a KFELS B Class jackup rig, to Gulf Drilling International Ltd. (q.s.c) (GDI) of Qatar.   Completed on 21 January 2016, ten days ahead of schedule, and on budget


Qatar, Maersk and Shell in LNG Marine Fuel MoU

Qatar and Royal Dutch Shell have agreed to develop liquefied natural gas (LNG) as a marine fuel for use by the world's largest container shipping company, A.P. Moller-Maersk, Qatargas said in a statement on Monday. Qatargas, the world's largest LNG producer


Qatargas, Maersk, Shell in LNG Marine Fuel Partnership

Photo: Qatargas Operating Company Limited

 Three heavy weights have come together in the Middle East to promote LNG as marine fuel in the region - Qatargas, the Maersk Group and Royal Dutch Shell Plc signing a memorandum of understanding to explore future opportunities.  


Australia: The World’s Next LNG Leader

Map: The Australian Petroleum Production & Exploration Association

 With a spate of big new projects coming on stream in the next few years, Australia is soon expected to become the world’s largest exporter of  liquefied natural gas (LNG).    Australian Petroleum Production & Exploration Association (APPEA) says that Australia is


Qatari LNG Tanker Logjam Signals Production Maintenance

Dozens of liquefied natural gas (LNG) tankers parked in and around Qatari export facilities - the world's biggest hub for the fuel - signal that seasonal maintenance is curbing output, industry sources said.   Around 25 tankers, all of which have exported LNG from Qatar in recent weeks


Qatargas in 4-Year Deal to Supply LNG to Kuwait

Saad Sherida al-Kaabi, Qatargas chairman. Photo: Qatar Liquefied Gas Company Limited-2 (Qatargas 2)

 Qatargas and Kuwait Petroleum Corporation (KPC) have signed a deal to supply half a million tonnes of liquefied natural gas (LNG) to Kuwait over the next four years, according to a report.    The LNG will be sourced from Qatargas 2, a joint venture among Qatar Petroleum






 
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