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.
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.
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’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.
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 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 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 has bought the outstanding 49.9% stake in a joint venture it had with International Seaways for $123 million in cash.
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
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 Petroleum has agreed a deal with Total to buy stakes in two blocks offshore Guyana.
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 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.
Qatar’s “surprise” decision to withdraw from OPEC raises questions about the loyalty of the cartel’s remaining members, analysts said.
The tiny, energy-rich Arab nation of Qatar has announced it will withdraw from Opec.
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 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.
Russian oil company Rosneft has announced it has opened a new centre for research and development in Qatar.
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 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.
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.
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.
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.
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.
Foreign ministers from four Arab nations that have sought to isolate Qatar over its alleged support for extremist groups are holding talks in Cairo.