Qatar ///
Baker Hughes, a GE company (BHGE), the world’s first fullstream oil and gas company, has signed a Memorandum of Understanding (MoU) with Qatar Petroleum (QP) to unlock new opportunities to expand its presence in the country and to support Qatar Petroleum’s Tawteen Program.
His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and Interior Minister, launched Qatar Petroleum’s Localization Program for Services and Industries in the Energy Sector “Tawteen” – an initiative to enhance localizing the sector’s supply chain and expand the small and medium enterprises base.
Qatar Petroleum entered into an agreement with Eni to acquire a 35% participating interest in three offshore oil Fields in Mexico.
Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving OPEC.
The immediate question raised by Qatar leaving OPEC is, of course, what to call this? Qatarexit, or even Qatexit, sound wrong. Qatar-ta-for-now has a nice ring to it, even if it’s a tad unwieldy. Maybe just go with Qatout.
Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also drove prices higher.
Qatar said it will leave OPEC next month, a rare example of the toxic politics of the Middle East rupturing a group that had held together for decades through war and sanctions.
Saad Sherida Al-Kaabi was appointed minister of state for energy issues and vice chairman of Qatar Petroleum after 32 years at the company.
Occidental Petroleum dropped the most in over a year after deciding to hand over an oil field in Qatar to the government, an announcement that appeared to catch some investors off-guard.
Michele Cowart, World Oil
The Middle East and North Africa (MENA) remain the quintessential oil exporting region, replete with considerable assets and tensions.
The world’s biggest producer of liquefied natural gas wants to bulk up as competing supplies from Australia and the U.S. are also set to come to the market over the next decade.
Michele Cowart, World Oil
EnerMech has appointed Salvatore Cutino as regional director for Africa, based in Cape Town, South Africa.
Qatar Petroleum, the world’s biggest seller of liquefied natural gas, is looking to get even larger, investing $20 billion in America’s oil and gas fields at a time when rival U.S. exporters are expanding.
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 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, 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.
Mark Miksa, Halliburton
Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors.
Tiny OPEC producer Qatar is paying the price for top member Saudi Arabia’s oil strategy in Asia.
Qatar is paying the price for top member Saudi Arabia’s oil strategy in Asia.
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.