Hapag Lloyd-UASC Merger Hits Snags
A merger of Hapag-Lloyd and United Arab Shipping Company (UASC) has hit a snag, with the German shipping line and some banks seeking assurances that UASC's top shareholder Qatar remain committed to the deal for the long term, sources say. Hapag Lloyd Chief Executive Rolf Habben Jansen told a news conference this week he had underestimated the complexity of the 7 billion to 8 billion euro ($7.6-$8.7 bln) deal, which will create one of the world's largest shipping lines. Two finance sources…
Qatar Engineering Developments Assisted by TAMUQ
Texas A&M University at Qatar is actively engaged in solving engineering problems for major industries and companies in the country through path-breaking research, development, and technical services, according to a news report in 'Gulf Times'. In the relatively short period since the university arrived in Qatar, excellent collaboration and partnership have been established with many companies and government organisations, including British Petroleum, Chevron Qatar, ConocoPhillips Qatar, GDF Suez Qatar, Maersk Oil, National Instruments, Qatar Fertiliser Company, Qatar National Research Fund, Qatar Petrochemical Company, Qatar Petroleum, Qatar Shell, Qatar Science & Technology Park, Qatar Telecom, RasGas and Schlumberger.
Major milestone: First Gas Flows From Offshore Into The Pearl GTL Plant In Qatar
Qatar Petroleum and Shell today announced the first flow of dedicated offshore gas into the Pearl GTL plant located in Ras Laffan Industrial City in the State of Qatar. Shell, which is the operator of the Pearl GTL plant developed under a Production and Sharing Agreement with QP, has opened natural gas wells offshore allowing the first sour gas to flow through a subsea pipeline into the giant GTL plant onshore. Sections of the Pearl GTL plant will be started up progressively over the coming months.
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.
Mwani Qatar, Milaha Team-up to Manage Hamad Port
HE Minister of Transport and Communications Jassim Saif Ahmed Al Sulaiti, Chairman of Qatar Ports Management Company (Mwani Qatar) and Sheikh Ali bin Jassim bin Mohammad Al-Thani, Chairman of Qatar Navigation (Milaha), today witnessed the signing of an agreement between Mwani Qatar and Milaha to establish a new company, QTerminals, to manage Hamad Port. As per the agreement, the new company will be co-owned by Mwani Qatar; 51%, and Milaha; 49%, and will manage operations at Hamad Port as an independent company with its own board of directors, executives and staff.
Qatargas starts operations at Laffan Refinery 2
Qatargas, the world's largest LNG producer, announced the commercial start-up of Laffan Refinery 2, marking a major milestone in the expansion of refining capacity in the State of Qatar. The project will refine 146,000 barrels per day of condensate from the North Field, the largest non-associated natural gas reserve in the world. Laffan Refinery 2 produces low Sulfur Euro-V specifications products such as Naphtha, Jet-A1, Ultra low Sulfur Diesel (ULSD), Propane and Butane for local and international markets.
Maersk Oil Supports Development of Qatar's Future Engineers
The three day programme includes a series of workshops, seminars and panel sessions allowing experts, researchers and leaders of the oil and gas industry to network and to share technical and industrial information with high school students, university students and young engineers. "Education, training and development of Qatari nationals are key priorities within Maersk Oil Qatar , and this latest initiative is another way in which we are contributing to the long-term sustainable development and continued growth of Qatar," explained Sheikh Faisal Al Thani, Deputy Managing Director of Maersk Oil Qatar. "Opportunities like the Young Members Activities Programme provide an ideal platform for young Qatari engineers and professionals to continue developing their skills and knowledge…
N-DSQ to Construct Qatar Naval Patrol Boats
Nakilat – Damen Shipyards Qatar (N-DSQ) has signed a Memorandum of Understanding (MoU) agreement with the Qatar Emiri Naval Forces (QENF) for the construction and delivery of six Naval Patrol Boats at Nakilat’s shipbuilding facilities in the Port of Ras Laffan, Qatar. The military vessels will be used by the QENF to support its existing operations in the monitoring and surveillance of Qatar’s Economic Exclusive Zone, for coastal and offshore patrolling, search and seizure operations, and for anti piracy/hijacking operations.
Qatar Navigation Absorbs Balance of SocGen Gasships
Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural Gas (LNG) carriers from France's Societe Generale. The two entities, Milaha Ras Laffan and Milaha Qatar, are chartered to RasGas under a 25-year time charter contract, with 14 years and 16 years remaining under the time charter agreement respectively, according to a bourse filing. Qatar Shipping Company owned the other 40 percent in each of the two companies prior to the transaction, for which the deal value was not disclosed. Reporting by Nadia Saleem
Qatar to Initiate 45 Contracts for LNG
Qatar will initiate 45 shipbuilding contracts for the largest liquefied natural gas (LNG) ships ever constructed, by Q1, 2007, the Gulf Times reported. Qatargas said the total value of the LNG tankers fleet Qatar planned to procure would exceed $11b. It said Qatar is taking LNG ship design to new level by introducing a 215,000m3 vessel, Q-Flex, and even a larger version, Q–Max, with a 265,000m3 capacity. The dimensions of the Q-Max vessels are approximately that of a modern Very Large Crude Carrier (VLCC). To drive Qatar’s LNG tankers acquisition, a high-level team has been set up. Called Qatar Ship Acquisition Team (QSAT), its mandate includes administration of competitive tenders to pre-qualify ship builders, owners and managers. Source: Gulf Times
Qatar Navigation Reports Q1 Results
Qatar Navigation Q.S.C. announced today financial results for the three months ended March 31, 2011. • Operating revenues of QR 533 million vs. same period in 2010 of QR 431 million. This represents a 24% increase year over year. • Operating Profit of QR 157 million vs. same period in 2010 of QR 118 million. This represents a 33% increase year over year. • Net Profit of QR 262 million and QR 2.28 earnings per share, vs. same period in 2010 of QR 771 million and QR 6.73 per share.
OSBV Expand OAS Operations in Qatar
Offshore Solutions BV (OSBV), the joint venture between AMEC and Cofely Nederland NV was awarded a Variation Order (VO) to its existing contract with Qatar Shell GTL Limited (Shell Qatar) for a second Offshore Access System (OAS), bringing its operational units with oil and gas majors in the region to three. The latest addition is to support Shell Qatar’s Wells Reservoir Management Campaign and will see an OAS unit deployed on the Halul 50 multipurpose offshore vessel for a period of seven months with a possible option to extend.
First Two Mooring Boats Launched for Port of Ras Laffan
Nakilat has celebrated the delivery of two 16-meter mooring boats built by shipbuilder Nakilat Damen Shipyards Qatar for towage operator Nakilat Svitzer Wijsmuller. The built-in-Qatar vessels will be operated at the Port of Ras Laffan. The two Stan Tug 1606 mooring boats, named Ras Al Allaj Qatar and Al Esaiwed, are the first of a seven-vessel order that Nakilat Damen Shipyards Qatar is currently working on for Nakilat Svitzer Wijsmuller. The vessels will work on a long-term charter…
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, are sitting idle in anchorage areas near to the country's loading ports, shipping data on Reuters Eikon shows. Several industry sources said that maintenance on one of the production plants, or trains, at top exporter Qatargas was likely to blame for the logjam of idle vessels. Qatargas did not return requests for comment. "This is the usual maintenance period (for Qatar) which they operate on a rolling basis," one LNG trader said.
30 Cruise Ships to Reach Qatar Next Year
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, reports Qatar News Agency (QNA). According to him, Hamad Port is likely to conduct a test run this month to receive commercial vessels. He said the Qatar Ports Management Company (Mwani) plays an important…
Qatar Shell Order Offshore Solution's OAS
Offshore Solutions expand its Offshore Access System (OAS) operations in Qatar with another contract. Offshore Solutions BV (OSBV), the joint venture between AMEC and Cofely Nederland NV, continues to build on recent successes in The Gulf, after being awarded a Variation Order (VO) to its existing contract with Qatar Shell GTL Limited (Shell Qatar) for a second Offshore Access System (OAS), bringing its operational units with oil and gas majors in the region to three. The latest addition is to support Shell Qatar’s Wells Reservoir Management Campaign and will see an OAS unit deployed on the Halul 50 multi purpose offshore vessel for a period of seven months with a possible option to extend.
Alewijnse Establishes Operations in Qatar
Alewijnse Marine Systems, a systems integrator in the commercial, naval and superyacht sectors, announced the formation of Alewijnse Middle East LLC, the latest stage in its strategy to establish operations in high growth developing markets. Based in Qatar, Alewijnse Middle East (AME) is a partnership between Alewijnse Marine Galati, headquartered in Galati, Romania, and Sora Marine Services, a highly regarded Qatari company with extensive experience in providing maritime services.
Qatar's LNG Output to Quadruple
By 2012, about one-third of the world's liquefied natural gas (LNG) tanker fleet will be delivering LNG produced in Qatar, the Peninsula On-line reported. In terms of world markets, in 2004 global trade in LNG was 178 billion cubic miters (bcm), of which Qatar supplied 24 bcm. Only Algeria (26 bcm), Indonesia (33 bcm) and Malaysia (28 bcm) were larger. However, by 2012, Qatar's production will quadruple and its direct major competitors will only make small production increases. If this happens, Qatar will then be the largest supplier of LNG in the world. (Source: Peninsula On-line)
Qatar Team to Weigh Petronet Stake Buy
According to BS Reporter, a delegation from Qatar is expected to visit India shortly to carry out due diligence for a possible investment in Petronet LNG. Qatar Investment Authority is likely to pick up a stake in Petronet by subscribing to a $100mn foreign currency convertible bond issue which is expected to be floated soon. Qatar had earlier been offered a 10 per cent stake in 2003 when the company offered shares to the public. In 1999, Petronet had signed a 25-year contract with Qatar’s Ras Laffan Liquefied Natural Gas Company (RasGas) for 7.5 million tons per annum (mtpa) of LNG. Source: BS Reporter
Qatar Petroleum and ConocoPhillips Agree to Develop LNG Project
Qatar Petroleum and ConocoPhillips has signed a Heads of Agreement for the development of Qatargas 3, a large-scale liquefied natural gas (LNG) project located in Qatar servicing the U.S. natural gas market. The signing ceremony took place at the Qatari Embassy in Washington, D.C., and was attended by Qatar's Minister of Energy and Industry and Chairman of Qatar Petroleum H.E. Abdullah Bin Hamad Al Attiyah, U.S. Secretary of Energy Spencer Abraham, and ConocoPhillips President and Chief Executive Officer Jim Mulva. The agreement provides the framework for the necessary project agreements and the completion of key feasibility studies. "We welcome this prospect of a long-term partnership with ConocoPhillips," said H.E. Al Attiyah.
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. The second train is expected to start up before the end of 2011. The plant is expected to reach full production capacity by the middle of 2012 and is the largest energy project ever launched in the State of Qatar. His Excellency Dr.
Nakilat Damen Shipyards Qatar JV is 5
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. Damen Chief Commercial Officer Arnout Damen. NDSQ was established in 2010 as a joint venture between Qatar Gas Transport Company Ltd. (Nakilat) and Damen Shipyards Group. Located in the northeastern corner of Qatar, the yard is ideally positioned in the middle of the Arabian Gulf and able to build ships up to 170 metres in length in steel…
Abu Dhabi Ports, Jaheziya Provide Maritime Courses
Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports, as well as Khalifa Industrial Zone, signed a Memorandum of Understanding (MOU) with Jaheziya, the brand name for Tawazun’s Safety, Security and Disaster Management City. The Emirates News Agency WAM reported that Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, and Jamal Mohamed Al Shamsi, Jaheziya Managing Director signed the MOU at Abu Dhabi Ports Headquarters.