Eni signed a 27-year liquefied natural gas deal with QatarEnergy, marking the Gulf nation’s third major contract with a European firm this month.
Shell agreed to buy liquefied natural gas from Qatar for 27 years to the Netherlands, marking the Gulf nation’s second major contract to supply fossil fuel to Europe beyond 2050.
As a result of the deal, QE will increase its fleet size from 60 to 77. The company has said more vessels are to come.
The CCS plant will be able to capture 4.3 million tonnes per year of CO2. It will capture emissions from seven trains at Qatargas North and three trains at Qatargas South.
“Today, ‘QatarEnergy LNG’ carries this legacy forward well into the 21st century helping meet the world’s growing energy demand”, Minister Saad Sherida Al-Kaabi said
Transocean has reported the day rate for the rig is $365,000 under the one-well contract.
New data shows the oil and gas industry’s contract value saw a “significant” rise Q2 2023, mainly driven by work on Qatar's North Field South (NFS) project.
China National Petroleum Corp. (CNPC) has signed up to take 4 million tonnes of LNG from Qatar and a stake in the North Field East (NFE) project.
Technip reported that the NFS project would involve a CCS facility of 1.5mn tpy, making the LNG plant emit 25% less than other such plants.
Plans took a long time to progress because of a difference of opinions over terms and shareholding. Iraq had pushed for a higher stake in the project. Initially, its interest was to be held by the Iraq National Oil Co. (INOC), this was abolished in September 2022.
QE struck a deal with ExxonMobil Canada on March 29 to access to more exploration, with drilling imminent.
The Deepsea Bollsta rig carried out the Jonker work. Shell said the semi-submersible would remain on PEL 39 to drill further exploration and appraisal wells.
Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade.
“Along with our partners, we are committed to drilling as soon as possible in 2023 an exploration well in Block 9, and our teams are mobilised to conduct these operations.”
The project is QE’s “largest investment ever in Qatar’s petrochemicals sector and the first direct investment in 12 years”, Al-Kaabi said.
However, QPD launched its work in the late 1990s and began producing in March 2006. The fields have now produced 33.5 million barrels of oil.
QatarEnergy (QE) has struck a deal to supply LNG to ConocoPhillips, for delivery to Germany into the 2030s.
Sinopec has signed up to buy 4 million tonnes per year of LNG from QatarEnergy (QE) for 27 years.
QatarEnergy (QE) has chosen ConocoPhillips to be its third partner on the North Field South (NFS) LNG development.
QatarEnergy (QE) has signed up to buy 70% of the production from its Golden Pass LNG export project, which it is developing with ExxonMobil in Texas.
QatarEnergy (QE) has chosen Shell as its second partner on the North Field South (NFS) expansion project.
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
QatarEnergy (QE) has launched plans for a world-scale blue ammonia project, with capacity of 1.2 million tonnes per year.
QatarEnergy (QE) has awarded engineering, procurement and construction (EPC) contracts covering two large solar photovoltaic (PV) plants.
McDermott International has won a front-end engineering and design (FEED) contract from QatarEnergy (QE) under the North Field expansion project.