Tag Archives: QatarEnergy

Egypt immediately awarded four blocks of an oil and gas exploration bid round in the Mediterranean and Nile Delta to Italy’s Eni, the UK’s BP, QatarEnergy and Russia’s Zarubezhneft, the Egyptian Petroleum Ministry announced on Tuesday. Eni will take two of the blocks and a third in a coalition with …

QatarEnergy has signed a long-term condensate supply agreement with the Dubai-based ENOC Group, it said recently. Under the 10-year sales agreement, QatarEnergy will supply up to 120 million barrels of condensates to ENOC starting July. The deal was by QatarEnergy, for and on behalf of Qatar Petroleum for the Sale …

QatarEnergy’s net income rose 58% in 2022 to reach 154.6 billion riyals ($42.4 billion) on surging international energy prices, according to latest reported data. Russia’s invasion of Ukraine in February last year sparked supply fears among European consumers reliant on Moscow for pipeline gas, driving prices to record highs. As …

QatarEnergy will sign a 27-year deal to supply China’s National Petroleum Corp with 4 million tons of liquefied natural gas (LNG) per year, sources told Reuters on Tuesday. CNPC will also take a 5 per cent equity stake of one LNG train of QatarEnergy’s north field gas expansion, sources added.

QatarEnergy awarded a $10 billion contract to France’s Technip Energies and Consolidated Contractors Company, the company said on Tuesday. QatarEnergy said on Tuesday that the $10 billion project, awarded to Technip and Middle-Eastern-based CCC, is for engineering, procurement, and construction of its North Field South (NFS) project—home to the world’s …

QatarEnergy, the Gulf country’s state-run petroleum firm, said Wednesday it has agreed to buy a 25% stake in a massive gas project in Iraq, marking the rare entry of a major producer into a market that Western firms have pulled back from in recent years. The Gas Growth Integrated Project, …

Qatar’s state-owned energy giant QatarEnergy has entered into a farm-in agreement for two exploration licenses offshore Newfoundland and Labrador in Canada with ExxonMobil Canada, a subsidiary of the U.S. oil major ExxonMobil. This deal allows the Qatari player to expand its offshore exploration portfolio in Atlantic Canada. QatarEnergy revealed on …

France’s TotalEnergies and Eni have completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon, the French firm said on January 29. “We are very pleased to welcome QatarEnergy in our exploration acreage in Lebanon. The recent delineation of Lebanon’s …

QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of the Al-Karkara and A-Structures oil fields in Qatar. This new five-year agreement, which commenced on December 23, succeeds the development and production sharing agreement signed in December 1997. Under the …

Europe’s biggest economy, Germany, has seen the share of Russian gas in its gas mix drop to some 20% this year from 55% last year, per data from energy lobby group BDEW cited by Bloomberg on Tuesday. Russia started gradually cutting gas supply via the Nord Stream pipeline to Germany …