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.
Qatar
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.
QP, Shell take to the seas with LNG bunkering
Qatar Petroleum (QP) and Shell have agreed to a joint venture focused on global LNG bunkering. The company’s respective Wave LNG Solutions and Shell Gas & Power Developments are backing the new plan.
Qatar strikes deal with Total for offshore Guyana blocks
Qatar Petroleum has agreed a deal with Total to buy stakes in two blocks offshore Guyana.
Aberdeen University plans £100m Qatar campus
Aberdeen University has announced plans to “export its expertise in teaching and research” by creating a new £100 million campus in the Middle East.
Qatar acquires Mexican acreage after OPEC split
Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal after leaving OPEC.
Saudi leadership of OPEC shaky after Qatar’s surprise exit
Qatar’s “surprise” decision to withdraw from OPEC raises questions about the loyalty of the cartel’s remaining members, analysts said.
Updated: Qatar to withdraw from Opec
The tiny, energy-rich Arab nation of Qatar has announced it will withdraw from Opec.
Oil jumps most since June as Canada cuts after Saudi-Russia pact
Oil was jolted higher by efforts across the globe to support prices as Saudi Arabia and Russia extended their pact to manage the market and Canada’s largest producing province ordered unprecedented output curbs. Prices retreated slightly after Qatar said it was leaving OPEC.
Australia’s £14billion missed opportunity shows tax problem
Australia is on track to match Qatar as the world’s biggest liquefied natural gas exporter next year. The boost to the budget bottom line? Virtually nil.
Russia’s Rosneft opens research centre in Qatar
Russian oil company Rosneft has announced it has opened a new centre for research and development in Qatar.
Qatar’s Emir warns against military action in Gulf dispute
Qatar's emir has warned against any military confrontation over the diplomatic dispute between his country and four other Arab nations, saying it would only plunge the region into chaos.
Qatar restores diplomatic ties with Iran amid regional crisis
Qatar has restored full diplomatic relations with Iran, defying the demands of Arab nations now trying to isolate the energy-rich country to downgrade its ties.
Tillerson secures counter-terrorism commitment as diplomacy efforts continue
US Secretary of State Rex Tillerson has secured a commitment from Qatar to intensify its counter-terrorism efforts as he looks to end the squabbling among key Middle Eastern allies.
Tillerson heads to Qatar in effort to end dispute
US Secretary of State Rex Tillerson is visiting Qatar on a mission to break the deadlock between the tiny, energy-rich Gulf nation and four Arab neighbours.
Top US diplomat heads to Qatar in bid to end Gulf rift
US secretary of state Rex Tillerson has departed for Qatar as he tries to mediate a dispute between the energy-rich country and a quartet of Arab nations.
Anti-Qatar bloc threatens further steps against Gulf state
Four Arab countries isolating Qatar have vowed to take additional steps against the Gulf state after it refused to accept their demands over allegations that it supports extremist ideology.
Arab quartet meeting over Qatar response to list of demands
Foreign ministers from four Arab nations that have sought to isolate Qatar over its alleged support for extremist groups are holding talks in Cairo.