Company Insights QatarEnergy Oil & Gas QatarEnergy News Oil & Gas Iraq signs $27bn deal with TotalEnergies Iraq has signed a $27 billion deal with French major TotalEnergies to increase oil production and build renewable energy facilities. The long-delayed agreement represents the biggest single foreign investment in Iraq, Opec’s second largest crude producer. “I hope that this will be a strong signal to other investors to come to Iraq,” said TotalEnergies chairman […] July 10, 2023 Oil & Gas QatarEnergy signs long-term LNG deal with CNPC State-owned QatarEnergy has signed its second long-term liquefied natural gas (LNG) supply agreement with a Chinese government-owned energy company. Under the 27-year supply agreement, China National Petroleum Corporation (CNPC) will purchase four million metric tons of LNG a year from the Gulf nation. In addition, CNPC will take a five percent equity stake in one of […] June 21, 2023 Economy Qatar plans $5bn investment to fuel Iraqi economy Qatar will invest $5 billion in Iraq over the coming years, after the two countries signed several memorandums of understanding to expand cooperation on investment and energy projects. State-run Qatar News Agency reported the commitment, quoting Emir Sheikh Tamim bin Hamad Al Thani. The Qatari ruler oversaw the signing of the MoUs alongside Iraqi prime […] June 16, 2023 Energy Qatar awards $10bn contract to boost LNG project Qatar has signed a $10 billion contract with joint venture headed by French engineering and technology company Technip Energies which aims to substantially increase the capacity of the North Field South (NFS) gas project. State-owned QatarEnergy signed the engineering, procurement, and construction contract for the NFS project with a joint venture consisting of Technip Energies […] May 17, 2023 Energy QatarEnergy to explore oil off Suriname coast QatarEnergy has signed a 30-year production-sharing contract with Suriname’s state-owned oil company Staatsolie for a block off the coast of the South American country. The Qatari state-owned company has signed a similar deal with France’s TotalEnergies for a second offshore block, according to a Staatsolie statement. The two blocks (No 6 and No 8) are […] May 9, 2023 Energy Sinopec takes 5% stake in Qatar’s $29bn LNG project China Petrochemical Corporation (Sinopec) will acquire part of the $28.8 billion North Field East (NFE) expansion project, said state-owned QatarEnergy, The state-run Chinese company will take a five percent stake in the equivalent of one North Field East LNG train with a capacity of eight million tonnes per year, Qatar’s oil major said in a […] April 13, 2023 Energy Iraq revives $10bn deal vital to increasing its oil output Iraq has agreed terms on a long-stalled $10 billion deal with France’s TotalEnergies and QatarEnergy. The deal includes building a seawater treatment plant, which is vital to increasing oil output in Iraq, Opec’s second largest crude producer. The Baghdad government wants to nearly double Iraq’s oil production to 8 million barrels per day (bpd) by […] April 5, 2023 Energy QatarEnergy enters Mauritania offshore exploration with Shell State-owned QatarEnergy has entered into an agreement with British oil and gas company Shell to acquire a 40 percent working interest in the C-10 block located offshore Mauritania. British oil and gas company Shell will hold a 50 percent interest, while national oil company Société Mauritanienne des Hydrocarbures (SMH) will hold the remaining 10 percent. […] April 3, 2023 Energy QatarEnergy buys stakes from Exxon in Canadian offshore blocks State-owned QatarEnergy has signed an agreement with US-based ExxonMobil to buy stakes in two Canadian offshore exploration blocks. The farm-in agreement, signed on Wednesday, gives QatarEnergy a 28 percent interest in licence EL 1167, with ExxonMobil Canada holding 50 percent and Cenovus Energy 22 percent. In addition, QatarEnergy will hold 40 percent of licence EL […] March 30, 2023 Energy QatarEnergy begins construction of $8.5bn polymers plant in US State-owned QatarEnergy and Chevron Phillips Chemical Company have broken ground on the $8.5 billion Golden Triangle polymers plant in Orange County, Texas, US. Located about 180 km east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum and two high-density polyethylene units with a combined […] March 10, 2023 Posts navigation Previous 1 … 8 9 10 Next
Oil & Gas Iraq signs $27bn deal with TotalEnergies Iraq has signed a $27 billion deal with French major TotalEnergies to increase oil production and build renewable energy facilities. The long-delayed agreement represents the biggest single foreign investment in Iraq, Opec’s second largest crude producer. “I hope that this will be a strong signal to other investors to come to Iraq,” said TotalEnergies chairman […] July 10, 2023
Oil & Gas QatarEnergy signs long-term LNG deal with CNPC State-owned QatarEnergy has signed its second long-term liquefied natural gas (LNG) supply agreement with a Chinese government-owned energy company. Under the 27-year supply agreement, China National Petroleum Corporation (CNPC) will purchase four million metric tons of LNG a year from the Gulf nation. In addition, CNPC will take a five percent equity stake in one of […] June 21, 2023
Economy Qatar plans $5bn investment to fuel Iraqi economy Qatar will invest $5 billion in Iraq over the coming years, after the two countries signed several memorandums of understanding to expand cooperation on investment and energy projects. State-run Qatar News Agency reported the commitment, quoting Emir Sheikh Tamim bin Hamad Al Thani. The Qatari ruler oversaw the signing of the MoUs alongside Iraqi prime […] June 16, 2023
Energy Qatar awards $10bn contract to boost LNG project Qatar has signed a $10 billion contract with joint venture headed by French engineering and technology company Technip Energies which aims to substantially increase the capacity of the North Field South (NFS) gas project. State-owned QatarEnergy signed the engineering, procurement, and construction contract for the NFS project with a joint venture consisting of Technip Energies […] May 17, 2023
Energy QatarEnergy to explore oil off Suriname coast QatarEnergy has signed a 30-year production-sharing contract with Suriname’s state-owned oil company Staatsolie for a block off the coast of the South American country. The Qatari state-owned company has signed a similar deal with France’s TotalEnergies for a second offshore block, according to a Staatsolie statement. The two blocks (No 6 and No 8) are […] May 9, 2023
Energy Sinopec takes 5% stake in Qatar’s $29bn LNG project China Petrochemical Corporation (Sinopec) will acquire part of the $28.8 billion North Field East (NFE) expansion project, said state-owned QatarEnergy, The state-run Chinese company will take a five percent stake in the equivalent of one North Field East LNG train with a capacity of eight million tonnes per year, Qatar’s oil major said in a […] April 13, 2023
Energy Iraq revives $10bn deal vital to increasing its oil output Iraq has agreed terms on a long-stalled $10 billion deal with France’s TotalEnergies and QatarEnergy. The deal includes building a seawater treatment plant, which is vital to increasing oil output in Iraq, Opec’s second largest crude producer. The Baghdad government wants to nearly double Iraq’s oil production to 8 million barrels per day (bpd) by […] April 5, 2023
Energy QatarEnergy enters Mauritania offshore exploration with Shell State-owned QatarEnergy has entered into an agreement with British oil and gas company Shell to acquire a 40 percent working interest in the C-10 block located offshore Mauritania. British oil and gas company Shell will hold a 50 percent interest, while national oil company Société Mauritanienne des Hydrocarbures (SMH) will hold the remaining 10 percent. […] April 3, 2023
Energy QatarEnergy buys stakes from Exxon in Canadian offshore blocks State-owned QatarEnergy has signed an agreement with US-based ExxonMobil to buy stakes in two Canadian offshore exploration blocks. The farm-in agreement, signed on Wednesday, gives QatarEnergy a 28 percent interest in licence EL 1167, with ExxonMobil Canada holding 50 percent and Cenovus Energy 22 percent. In addition, QatarEnergy will hold 40 percent of licence EL […] March 30, 2023
Energy QatarEnergy begins construction of $8.5bn polymers plant in US State-owned QatarEnergy and Chevron Phillips Chemical Company have broken ground on the $8.5 billion Golden Triangle polymers plant in Orange County, Texas, US. Located about 180 km east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum and two high-density polyethylene units with a combined […] March 10, 2023
