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2016-11-02 18:35:00

QATAR & EXXON PROJECT

QATAR & EXXON PROJECT

TOGY wrote, Qatar Petroleum (QP) announced on Monday a joint venture with ExxonMobil called Ocean LNG, tasked with marketing LNG sourced outside the GCC country.

QP will own a 70% stake in the project, with ExxonMobil holding the remaining 30%, according to a QP press release.

"QP aspires to be one of the leading energy companies in the world, and LNG forms one of the cornerstones of these aspirations," said QP CEO Saad Sherida Al Kaabi in the statement. "As such, it is crucial for us to establish a global LNG marketing arm that will be instrumental in monetising opportunities that Qatar Petroleum will be pursuing and capturing outside Qatar."

In recent months, Qatar has been seeking to optimise state-owned businesses in order to meet the challenges presented by low oil and gas prices and to gain an edge over potential LNG competitors, including firms drilling in the US and Australia.

In June, QP announced that it would integrate the Qatar International Petroleum Marketing Company, better known as Tasweeq, in order to improve the company's cost-effectiveness. The absorption process is still in progress.

-----

Earlier:

QATAR: 

LNG TO INDIA: UP 35% 

QATAR'S RATINGS "AA" 

QATAR LNG UP 50% 

INDIA & QATAR NEGOTIATIONS 

LNG: BIGGER NO BETTER

 

EXXON: 

EXXON NET INCOME $6.16 BLN 

EXXON DOESN'T SEE 

EXXON FINED $75 BLN 

MAJORS DEBT'S RECORD 

EXXON NET INCOME $3.5 BLN

 

 

 

Tags: QATAR, PETROLEUM, EXXON,
QATAR & EXXON PROJECT September, 20, 09:05:00

OIL PRICE: ABOVE $55 YET

QATAR & EXXON PROJECT September, 20, 09:00:00

GAS PRICES UP TO $3.146

QATAR & EXXON PROJECT September, 20, 08:55:00

ЦЕНА URALS: $51,81591

QATAR & EXXON PROJECT September, 20, 08:50:00

U.S. OIL + 79 TBD, GAS + 788 MCFD

QATAR & EXXON PROJECT September, 20, 08:45:00

RENEWABLE'S FUTURE

QATAR & EXXON PROJECT September, 20, 08:40:00

TOTAL BUYS RENEWABLE

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Chronicle:

QATAR & EXXON PROJECT
September, 20, 08:35:00

BP - AZERBAIJAN OIL DEAL

BP and its partners in Azerbaijan's giant ACG oil production complex agreed Thursday to extend the production sharing contract by 25 years to 2049 and to increase the stake of state-owned SOCAR, reducing the size of their own shares.

QATAR & EXXON PROJECT
September, 20, 08:30:00

U.S. DEFICIT UP TO $123.1 BLN

The U.S. current-account deficit increased to $123.1 billion (preliminary) in the second quarter of 2017 from $113.5 billion (revised) in the first quarter of 2017, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.4 percent in the first quarter.

QATAR & EXXON PROJECT
September, 18, 12:35:00

OIL PRICE: ABOVE $55

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading up 41 cents, or 0.8 percent, at $50.30 by 0852 GMT, near the three-month high of $50.50 it reached last Thursday. Brent crude futures LCOc1, the benchmark for oil prices outside the United States, were at $55.91 a barrel, up 29 cents, and also not far from the near five-month high of $55.99 touched on Thursday.

QATAR & EXXON PROJECT
September, 18, 12:30:00

RUSSIA - CHINA - VENEZUELA OIL

“The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.

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