Tag Archives: Gulf Times

Committed gas investments in the Middle East and North Africa (Mena) region for the period 2021-2025 are expected to total $75bn, Arab Petroleum Investments Corporation (Apicorp) said. Qatar, Saudi Arabia, and Iraq are the “top three Mena countries in terms of committed gas investments”, the multilateral development financial institution said …

On the back of developing political and economic relations between Qatar and Turkey, the LNG-rich Gulf state has been a growing market for Turkish contractors since 2014, an official of a Turkish consultancy firm has said. Citing data by Engineering News Record, Cigdem Ulug Kutlu, partner Shedu Consulting & International …

Europe’s largest oil and gas companies are leaving US rivals further and further behind in the race to cut their reliance on fossil-fuel sales. Total SE, Galp Energia SGPS SA, Equinor ASA, Royal Dutch Shell Plc and Eni SpA are leading the pack, while Exxon Mobil Corp and Chevron Corp …

Qatar Petroleum, along with several leading international LNG players, signed a multi-party agreement with LNT Marine, the American Bureau of Shipping (ABS), and Shanghai Waigaoqiao Shipbuilding (SWS) to collaborate on the development of new medium and large liquefied natural gas (LNG) carrier designs. The agreement paves the way for the …

The gas market will progressively become more interconnected and less regionalised due to the projected extension of total gas exports; GECF said and noted the Asian LNG market, with 71% of global LNG imports, will remain the largest regional market. The share of traded LNG will increase to approximately 48% …

Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month. The group and partners including Russia are restraining supply with the coronavirus pandemic still raging. The alliance, known as OPEC+, is seeking to ensure a 66% rally in …

Qatar aims to be the world’s biggest producer of liquefied natural gas for at least the next two decades, capitalising on rising demand as the world transitions from oil and coal to cleaner energy. Qatar will spend billions of dollars expanding its LNG capacity more than 50% to 126mn tonnes …

Iraq missed its own target to slash oil output to a six-year low and make up for breaching its OPEC quota. The group’s biggest producer after Saudi Arabia pumped 3.87mn barrels of crude a day last month, only 10,000 fewer than in December, according to a Bloomberg survey and tanker-tracking …

The full promise of natural gas will unfold once the world is past the coronavirus pandemic, upbeat energy ministers of the leading gas exporting countries said at a recent GECF ‘Ministerial Roundtable’ held virtually The full promise of natural gas will unfold once the world is past the coronavirus pandemic, …

OPEC+ inched closer to delaying its January output increase, with Russia actively discussing keeping its current curbs for an extra three months as oil markets weaken. The producer group has been dropping hints for weeks that its plan to add almost 2mn barrels a day to oil markets next year …