Enel, Qatar’s sovereign fund to develop renewables in Africa
Enel SpA has signed a joint venture agreement with Qatar Investment Authority, the Middle East nation’s sovereign wealth fund, to own and develop renewable energy projects in Africa.
Qatar
Qatargas awards FEED work to McDermott
Qatargas has awarded front-end engineering and design (FEED) plans on the North Field South (NFS) project to McDermott International.
Saudi, Qatar rulers embrace at Gulf summit as borders reopen
Qatar’s ruler landed in Saudi Arabia on Tuesday to a warm embrace from host Crown Prince Mohammed bin Salman, hours after their nations re-established travel ties and eased a longstanding regional dispute.
Sapura wins Qatari, Congolese work from Total
Sapura Energy has won a number of contracts, including pipeline works for Qatar’s Al-Khalij field, from Total E&P Golfe.
Aramco suspends second Shelf Drilling rig
Saudi Aramco has suspended the contract for the Main Pass I jack-up for up to 12 months, Shelf Drilling has reported.
Qatar books key UK LNG supply deal as export push begins
Qatar Petroleum is set to ramp up exports of liquefied natural gas (LNG) to the UK as the Persian Gulf country seeks buyers for the output from a new project and several large supply contracts are due to expire.
MENA bucks global trend with gas push
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).
Air Products wins Qatargas expansion work
Qatargas has chosen Air Products to supply process units to the major LNG expansion programme, which will become operational in 2025.
Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Oxy eyes Middle East sales to tackle debt
Occidental Petroleum is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.
Qatar makes multi-billion dollar LNG shipbuilding splash
Qatar Petroleum (QP) has signed the largest shipbuilding contract in history to shore up its LNG growth plans, this is said to account for around 60% of global LNG shipbuilding capacity until the late 2020s.
JGC positive on Middle Eastern contracts
Japan’s JGC remains positive about receiving the go ahead for work in Qatar, Iraq, Oman and Mozambique.
MEA banks under oil price pressure
Middle East and African banks face mounting pressure from the gathering macroeconomic storm and oil price pressure, Fitch Ratings has said.
QP signs $3bn LNG carrier deal with Hudong
Qatar Petroleum (QP) has struck a deal on LNG ship construction with Hudong-Zhonghua Shipbuilding Group Co. worth more than 11 billion Qatari riyals ($3.02 billion).
QP kicks off drilling on North Field
Qatar Petroleum (QP) has begun development drilling on its North Field East (NFE) project, which will sustain its major LNG expansion plans.
Silver lining for Asian LNG market after oil price crash
Lower long-term LNG prices could encourage coal-to-gas switching in Northeast Asia, while Chinese LNG demand is also expected to expand this year, albeit at a slower rate, as China gets back to work.
Sasol’s Lake Charles pain continues
Scrapping its dividend, Sasol laid out a tough set of results with earnings down 72% at 4.5 billion rand ($297 million) with its Lake Charles project in the US continuing to drag the South African company down.
Total, Marubeni to invest in 800-megawatt Qatar solar plant
Marubeni Corp. and Total SA agreed to take a minority stake in a 1.7 billion-riyal ($464 million) project to build Qatar’s first solar power plant.
We were had, Lekoil admits
London-listed Lekoil was the victim of a scam that has all the hallmarks of a classic advance fee fraud case, the company admitted at the close of January 13.
Lekoil suspends shares on questionable Qatari financing
Lekoil’s plans in Nigeria have been thrown into doubt, and trading in the company’s shares suspended, as a finance deal that was supposed to have been signed with the Qatari Investment Authority (QIA) appears to have been bogus.
Kuwait signs up LNG supplies from Qatar
Qatar Petroleum (QP) has signed up to supply Kuwait with 3 million tonnes per year of LNG for 15 years, under an agreement with Kuwait Petroleum Corp. (KPC).
Lekoil lines up Qatari support for Ogo appraisal
Lekoil has set out plans to raise a $184 million loan from the Qatar Investment Authority (QIA) to fund work on the OPL 310 area, offshore Nigeria.
Australian LNG to beat out Qatar in 2019
Australian LNG exports will rise to 81 million tonnes in 2019-20, according to the country’s new Resources and Energy Quarterly (REQ), although the value of these will decline.
Nakilat buys out International Seaways
Nakilat has bought the outstanding 49.9% stake in a joint venture it had with International Seaways for $123 million in cash.
GMS battles forward
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.