2016-11-02 18:35:00
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:
EXXON:
 |
October, 19, 11:25:00 |
OIL PRICE: NOT ABOVE $80 |
|
 |
October, 19, 11:20:00 |
GAS FOR CHINA: THE BIGGEST |
|
 |
October, 19, 11:15:00 |
RUSSIAN LNG FOR GERMANY |
|
 |
October, 19, 11:10:00 |
RUSSIAN YAMAL LNG |
|
 |
October, 19, 11:05:00 |
EXXON'S LNG FOR CHINA |
|
 |
October, 19, 11:00:00 |
NORWAY'S GAS FOR BRITAIN |
|
Chronicle:
2018, October, 19, 10:55:00
UZBEKISTAN'S NUCLEAR: $11 BLN
AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.
2018, October, 19, 10:50:00
IRANIAN GAS: 1 BLN CMD
SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.
2018, October, 19, 10:45:00
CHINA - BELGIUM NUCLEAR
WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.
2018, October, 19, 10:40:00
NORWAY'S PETROLEUM PRODUCTION 1.6 MBD
NPD - Preliminary production figures for September 2018 show an average daily production of 1 607 000 barrels of oil, NGL and condensate, which is a decrease of 255 000 barrels per day compared to August.
