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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.

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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,

Chronicle:

QATAR & EXXON PROJECT
2018, August, 20, 14:00:00

U.S. RIGS UP 0 TO 1,057

BAKER HUGHES A GE - U.S. Rig Count is unchanged at 1,057 rigs, with oil rigs unchanged at 869, gas rigs unchanged at 186, and miscellaneous rigs unchanged at 2. Canada Rig Count is up 3 rigs from last week to 212, with oil rigs up 1 to 141 and gas rigs up 2 to 71.

QATAR & EXXON PROJECT
2018, August, 17, 12:01:00

OIL PRICE: NOT ABOVE $72

REUTERS - Brent crude oil futures LCOc1 were down 3 cents at $71.40 a barrel by 00229 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped 1 cent to $65.45 a barrel.

QATAR & EXXON PROJECT
2018, August, 17, 11:55:00

ШИРОКИЕ ПЕРСПЕКТИВЫ СОТРУДНИЧЕСТВА

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QATAR & EXXON PROJECT
2018, August, 17, 11:50:00

GLOBAL NUCLEAR POWER UP

WNA - Nuclear reactors generated a total of 2506 TWh of electricity in 2017, up from 2477 TWh in 2016. This is the fifth successive year that nuclear generation has risen, with output 160 TWh higher than in 2012.

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