Company Insights QatarEnergy Oil & Gas QatarEnergy Overview QatarEnergy, formerly Qatar Petroleum, is Qatar’s state-owned petroleum company. It operates all oil and gas activities in Qatar, including exploration, production, refining, transport, storage, sales and delivery. Based in Doha, QatarEnergy is one of the world’s largest oil companies by both oil and gas reserves. Its onshore oil and gas field Dukhan produces crude oil, associated gas, condensate and non-associated gas. Offshore, crude oil and associated gas are produced from QatarEnergy’s Idd El-Sharqi, Maydan Mahzam, Bul Hanine and Al-Murjan fields. QatarEnergy is also one of the top exporters of liquified natural gas (LNG) through its QatarEnergy LNG subsidiary, which it says has the world’s largest fleet of LNG ships. QatarEnergy has signed numerous global exploration, development and production agreements with major oil and gas companies including Total, Maersk Oil Qatar, GDF Suez, China National Offshore Oil Corp, Exxon Mobil and Dolphin Energy. QatarEnergy News Oil & Gas QatarEnergy to supply LNG to China from next year QatarEnergy has signed a long-term agreement with Singapore-based Shell to supply three million tonnes per annum (mtpa) of liquefied natural gas (LNG) to China. The LNG deliveries will commence in January 2025. No financial details were given. The agreement underscores the continued growth of China’s LNG market, which is expected to become the largest globally. […] December 3, 2024 Real Estate Egypt and Qatar to explore ‘major’ real-estate project Egypt will collaborate with Qatar on a “major real estate project” in the North Coast region, prime minister Mostafa Madbouly said. The Gulf country has sought investment opportunities in the tourism and hospitality sectors, local media reported, citing the prime minister, who met his Qatari counterpart Sheikh Mohammed bin Abdulrahman Al-Thani in Egypt. No other […] November 28, 2024 Oil & Gas QatarEnergy ups stakes in Namibia offshore blocks QatarEnergy has signed an agreement with France’s TotalEnergies to acquire additional stakes in two exploration blocks in the Orange Basin, off Namibia. The state-backed gas giant will acquire an additional 5.25 percent interest in block 2913B and another 4.7 percent interest in block 2912. QatarEnergy’s interests in both licenses will increase to 35.25 percent in […] November 25, 2024 Oil & Gas QatarEnergy to acquire stake in Egyptian exploration basin State-backed QatarEnergy has announced plans to buy a 23 percent stake in an offshore exploration block in Egypt from US oil company Chevron. Chevron will retain a 40 percent interest in the concession agreement for the North El-Dabaa (H4) Block in the Mediterranean Sea. The other partners in the block, which is about 10km offshore […] November 12, 2024 Renewable Energy QatarEnergy to develop solar project in Iraq with Total State-backed QatarEnergy and France’s TotalEnergies have signed an agreement to develop a solar power plant as part of the gas growth integrated project (GGIP) in Iraq. The two companies will equally own the project, but the agreement is subject to regulatory approvals. The project, “one of the largest in the world”, will consist of two […] October 29, 2024 Industry Qatari aluminium maker defies market challenges Qatar Aluminum Manufacturing Company, known as Qamco, increased its profits by 21 percent in the first nine months of 2024, despite the rising cost of source materials. Qamco’s profit hit QR427.7 million ($117.3 million) at the end of September 2024, up from QR353.5 million in the same period last year. Figures issued by the company […] October 24, 2024 Energy QatarEnergy signs 20-year naphtha deal with Shell QatarEnergy has signed the “largest and longest” naphtha supply agreement with Singapore-based oil company Shell. Under the 20-year agreement, QatarEnergy will supply up to 18 million tonnes of naphtha to Shell, starting from April 2025. The state-backed energy company has joint investments with Shell within the country and globally, including its LNG projects and Pearl […] October 9, 2024 Analysis Oil & Gas National oil companies venture into trading business Traditionally conservative national oil companies (NOCs) in the Middle East are developing their trading businesses in pursuit of new sources of income and to eat into the bumper profits of commodities houses. OQ of Oman, Saudi Aramco, UAE’s Adnoc and QatarEnergies have successfully developed their refined products and trading over the last decade to catch […] October 9, 2024 Trade Qatar is first Gulf state to join US visa waiver programme Qatar has become the first Gulf state to join the US visa waiver programme, allowing Qatari citizens to visit visa-free for up to 90 days from December 1. The US Department of Homeland Security and the Department of State said in a statement on Tuesday that the move would help to “significantly enhance the security […] September 25, 2024 Oil & Gas QatarEnergy LNG awards $4bn contract to Saipem QatarEnergy LNG, one of the world’s largest liquefied natural gas (LNG) companies, has awarded a $4 billion contract to Italy’s Saipem to boost its gas production. The engineering, procurement and construction (EPC) contract will aid in sustaining production at the North Field natural gas reservoir off the northeast coast of Qatar. The work scope includes the […] September 16, 2024 Posts navigation 1 2 … 9 Next
Oil & Gas QatarEnergy to supply LNG to China from next year QatarEnergy has signed a long-term agreement with Singapore-based Shell to supply three million tonnes per annum (mtpa) of liquefied natural gas (LNG) to China. The LNG deliveries will commence in January 2025. No financial details were given. The agreement underscores the continued growth of China’s LNG market, which is expected to become the largest globally. […] December 3, 2024
Real Estate Egypt and Qatar to explore ‘major’ real-estate project Egypt will collaborate with Qatar on a “major real estate project” in the North Coast region, prime minister Mostafa Madbouly said. The Gulf country has sought investment opportunities in the tourism and hospitality sectors, local media reported, citing the prime minister, who met his Qatari counterpart Sheikh Mohammed bin Abdulrahman Al-Thani in Egypt. No other […] November 28, 2024
Oil & Gas QatarEnergy ups stakes in Namibia offshore blocks QatarEnergy has signed an agreement with France’s TotalEnergies to acquire additional stakes in two exploration blocks in the Orange Basin, off Namibia. The state-backed gas giant will acquire an additional 5.25 percent interest in block 2913B and another 4.7 percent interest in block 2912. QatarEnergy’s interests in both licenses will increase to 35.25 percent in […] November 25, 2024
Oil & Gas QatarEnergy to acquire stake in Egyptian exploration basin State-backed QatarEnergy has announced plans to buy a 23 percent stake in an offshore exploration block in Egypt from US oil company Chevron. Chevron will retain a 40 percent interest in the concession agreement for the North El-Dabaa (H4) Block in the Mediterranean Sea. The other partners in the block, which is about 10km offshore […] November 12, 2024
Renewable Energy QatarEnergy to develop solar project in Iraq with Total State-backed QatarEnergy and France’s TotalEnergies have signed an agreement to develop a solar power plant as part of the gas growth integrated project (GGIP) in Iraq. The two companies will equally own the project, but the agreement is subject to regulatory approvals. The project, “one of the largest in the world”, will consist of two […] October 29, 2024
Industry Qatari aluminium maker defies market challenges Qatar Aluminum Manufacturing Company, known as Qamco, increased its profits by 21 percent in the first nine months of 2024, despite the rising cost of source materials. Qamco’s profit hit QR427.7 million ($117.3 million) at the end of September 2024, up from QR353.5 million in the same period last year. Figures issued by the company […] October 24, 2024
Energy QatarEnergy signs 20-year naphtha deal with Shell QatarEnergy has signed the “largest and longest” naphtha supply agreement with Singapore-based oil company Shell. Under the 20-year agreement, QatarEnergy will supply up to 18 million tonnes of naphtha to Shell, starting from April 2025. The state-backed energy company has joint investments with Shell within the country and globally, including its LNG projects and Pearl […] October 9, 2024
Analysis Oil & Gas National oil companies venture into trading business Traditionally conservative national oil companies (NOCs) in the Middle East are developing their trading businesses in pursuit of new sources of income and to eat into the bumper profits of commodities houses. OQ of Oman, Saudi Aramco, UAE’s Adnoc and QatarEnergies have successfully developed their refined products and trading over the last decade to catch […] October 9, 2024
Trade Qatar is first Gulf state to join US visa waiver programme Qatar has become the first Gulf state to join the US visa waiver programme, allowing Qatari citizens to visit visa-free for up to 90 days from December 1. The US Department of Homeland Security and the Department of State said in a statement on Tuesday that the move would help to “significantly enhance the security […] September 25, 2024
Oil & Gas QatarEnergy LNG awards $4bn contract to Saipem QatarEnergy LNG, one of the world’s largest liquefied natural gas (LNG) companies, has awarded a $4 billion contract to Italy’s Saipem to boost its gas production. The engineering, procurement and construction (EPC) contract will aid in sustaining production at the North Field natural gas reservoir off the northeast coast of Qatar. The work scope includes the […] September 16, 2024
