STATS Group has added more staff to its Middle East operations as the result of a post-Covid uptick in project activities, while one of its most experienced pipeline intervention experts has relocated to the region.
Qatar Petroleum (QP) intends to produce 126 million tonnes per year of LNG by 2027, from its current level of 77mn tpy.
Iran, which is due to meet with OPEC partners on June 2, has no plan to join any freeze in crude output as the country won’t be done ramping up oil exports to pre-sanctions levels before the second half of the year, the head of the state oil company said.
An agreement on production levels by OPEC would have created only “psychological support” for the market, according to a top analyst.
Venezuela's oil minister has warned global oil stocks are almost full with the oil price likely to collapse if producers do not talk.
Russian President Vladimir Putin and the Emir of Qatar have discussed the results of the Doha meeting, according to reports from the Kremlin.
Iranian delegates were told not to attend a meeting in Doha of the OPEC member countries unless it was to agree to production output changes, according to a top energy analyst.
Hedge funds really wanted the Doha oil summit to work.
The world’s top oil exporters are burning through their petrodollar assets at an accelerating pace, increasing the pressure to reach a deal to freeze production to bolster prices.
Oil market watchers see a 50-50 chance that Russia, Saudi Arabia and other major producers will agree to freeze output in Doha on April 17, but either way they don’t anticipate any impact on crude supply because most of the countries are already pumping flat out.
Oil retreated from the highest level in more than four months as U.S. industry data showed crude stockpiles expanded before talks between major suppliers about freezing output.
Al Jazeera is reducing its headcount by up to 500 positions as oil-rich Qatar looks to streamline its costs amid the global decline in crude prices.
Air Energi has secured a deal to supply contract personnel to Qatar Petroleum. The five-year deal, which includes a two-year extension option, will see the company support the national oil company’s offshore redevelopment project at the Bull Hanine oil field. Air Energi will help source candidates from across a number of disciplines including engineering, construction and health, safety and environment and quality.
The president and chief executive of Qatar Petroleum has called on oil and gas leaders to convert current challenges facing the industry into opportunities for future development.
McDermott International has been awarded a brownfield project by Qatar Petroleum for the engineering, procurement, construction and installation of four wellhead jackets. The company said the installation of two jackets in the Bul0Hanine field offshore Doha has been scheduled to be completed by December next year.
Aberdeen businesswoman Jeanette Forbes is to be one of the featured speakers at the Gulf Intelligence Women in Energy Summit, which takes place today in Doha, Qatar. Ms Forbes, chief executive of PCL Group, was invited to take part in the summit to address delegates on “Technology: Clearing the path for women to work in technical field?”