WorldOil Qatar steps in to buy Rosneft stake as China deal collapses Qatar emerged as a major shareholder in Rosneft PJSC on Friday after a $9-billion deal to sell a stake in Russia’s state-run oil producer to China’s troubled CEFC Energy Co. collapsed. Rosneft opens International Center for RandD in Qatar Rosneft has opened an office of the International Center for Research and Development in Qatar, which will become a full-scale representative office of the Company, performing along with scientific and technical activities, and also functions to promote various business areas of the Company in the region. AISUS wins first contract in the Middle East AISUS, an offshore inspection company, has announced its first major contract win in the Middle East with North Oil Company (NOC). The six-figure agreement marks a significant milestone for the firm and provides the foundation on which the company plans to build its growing business in the Middle East. Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors. Biggest OPEC producer deals blow to tiny rival in top market Tiny OPEC producer Qatar is paying the price for top member Saudi Arabia’s oil strategy in Asia. Saudis deal blow to small rival in top market Qatar is paying the price for top member Saudi Arabia’s oil strategy in Asia. Qatar passes first test in LNG expansion Qatar managed to keep liquefied natural gas exports flowing last year even under a Saudi-led embargo, passing its first test in its plans to expand LNG production. Gulf Arab Energy producers issue record debt for expansion Gulf Arab energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans. Bahrain minister calls for freezing Qatar's GCC membership Bahrain’s Foreign Minister Sheikh Khalid Bin Ahmed Al Khalifa called for the freezing of Qatar’s Gulf Cooperation Council (GCC) membership, escalating attempts by a Saudi-led coalition to deepen the isolation of the gas-rich country. Regional Report: MENA Middle East/North Africa grapples with production cut commitment, despite urge to boost output