QatarEnergy has sealed a long-term condensate supply agreement with Dubai’s sENOC Group, a significant integrated energy company. This deal will see the supply of up to 120 million barrels of condensates to ENOC Group, starting from July 2023. Signed by QatarEnergy on behalf of Qatar Petroleum for the Sale of Petroleum Products Company Ltd. (QPSPP) […]
Qatar Petroleum said that it has ordered four new LNG carriers under a contract worth around $769 million with Hudong-Zhonghua Shipbuilding Group, a fully-owned subsidiary of China State Shipbuilding Corporation (CSSC). According to the Qatari national oil company, the four LNG carriers are the first batch of orders in its LNG shipbuilding program. Qatar Petroleum’s […]
Qatar Petroleum has forged a long-term sale and purchase agreement (SPA) with CNOOC Gas and Power Trading & Marketing, a subsidiary of China National Offshore Oil Corporation (CNOOC), for supplying 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG). The SPA is for a 15-year period, that will come into effect from January […]
Qatar Petroleum has agreed to acquire a 45% stake in two exploration blocks in Namibian waters – Block 2913A and Block 2914B in PEL 39 from Royal Dutch Shell. The financial terms of the deal were not disclosed. Shell will continue to be the operator of the blocks with a stake of 45%. The remaining […]
Industries Qatar has taken full ownership of Qatar Fertiliser Company (QAFCO), a fertilizer producer, by acquiring the remaining 25% from its joint venture partner Qatar Petroleum (QP) for $1 billion. Established in 1969, QAFCO produces 5.7 to 5.8 million metric tons per year of urea and around 3.8 million metric tons ammonia. Currently, the fertilizer […]
Qatar Petroleum has signed a farm-in deal with Angolan national oil company Sonangol and Total to acquire a 30% stake in Block 48 contained in the ultra-deep waters of Angola. According to Qatar Petroleum, Block 48 offers a drill-ready opportunity, which spans an area of nearly 3,600 square kilometers. Drilling in the offshore Angolan block […]
US industrial gases company Air Products has been selected to deliver its AP-X Natural Gas Liquefaction Process technology and equipment for Qatar Petroleum’s North Field East Project (NFE Project) in Ras Laffan, Qatar. The contract was awarded for the first phase of the integrated LNG production expansion project by Qatar Petroleum’s subsidiary Qatargas. The North […]
Qatar Petroleum has signed deals worth more than QAR70bn ($19.23bn) with three South Korean LNG shipbuilders to build liquefied natural gas carriers (LNG carriers). Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI) are the three Korean shipyards which will reserve a major portion of their LNG ship construction […]
Qatar Petroleum has signed a farm-in deal with French oil and gas giant Total to acquire a 45% participating stake from the latter in blocks CI-705 and CI-706 in the Ivorian-Tano basin in the waters of Côte d’Ivoire. Spread over nearly 3,200 square kilometers, the two blocks are said to offer multi-target hydrocarbon prospects in […]
Qatar Petroleum has signed three farm-in deals for acquiring nearly 30% of Total’s participating interest in blocks 15, 33, and 34 located in the Campeche basin in Mexican waters. As per the Qatari national oil company, each of the farm-in deals is subject to customary regulatory and other approvals from the existing partners of the […]