Nakilat Posts Record Net Profit of $270M
Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a consolidated net profit of QR1,003m (USD $270 million) in 2019, an increase of 12.4 percent, as compared to QR892m posted for the same period in 2018.The 2019 net profit is Nakilat’s highest profit recorded since its inception…
OPEC Secretary General meets Qatar's Energy and Industry Minister
OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with HE Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry of Qatar on Saturday, 7 January. The two officials review the year 2016, including the major activities and recent achievements such as the historic and landmark Algiers Accord…
OPEC, Non-OPEC Ministers Meet
Following the ‘Vienna Agreement’ decided upon at the 171st Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) on 30th November, 2016, Ministers from OPEC met with a number of Ministers from non-OPEC oil producing countries on Saturday, 10th December, at the OPEC Secretariat in Vienna. The Meeting was jointly chaired by His Excellency Dr.
OPEC, non-OPEC Nations hold talks in Istanbul
Five Members of OPEC and two non-OPEC countries held “constructive” informal consultations on the sidelines of the 23rd World Energy Congress (WEC) here on Wednesday. Oil and Energy Ministers from OPEC Member Countries Algeria, Gabon, Qatar, the United Arab Emirates (UAE) and Venezuela, were joined in the talks by Russian Energy Minister and Mexican Deputy Energy Minister.
OPEC Bullish on Oil Demand in H2 2016
“Higher oil demand is expected in the 3rd and 4th Quarters”, HE Dr Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President said, expressing positive sentiments in a brief released from OPEC. He added that, since February of this year, the oil price had experienced a steady improvement following a decline in crude oil production…
Oil Rallies Above $41 on Producer Meeting, Dollar
Oil rose above $41 a barrel briefly on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world's biggest producers to meet next month to discuss supporting the market. OPEC and non-OPEC producers including the top two exporters, Saudi Arabia and Russia, will hold talks on April 17 in Qatar over a plan to freeze output…
Oil Rallies Towards $41, Near 2016 High
OPEC, non-OPEC to meet April 17 on output freeze plan; U.S. crude inventories rise less than expected. Oil rose towards $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world's biggest producers to meet next month to discuss supporting the market. OPEC and non-OPEC producers including the top two exporters…
Oil up 6 pct on Producers Meeting, Fed Stance
Producers to meet April 17 in Qatar on proposed output freeze; fed hold rates steady, plans 2 rate hikes instead of 4. U.S. oil prices jumped almost 6 percent on Wednesday, erasing losses of the past two days, after major producers firmed up plans to meet in Qatar to discuss an output freeze and U.S. crude stockpiles grew less than expected.
Oil Up On Smaller U.S. Crude Build, OPEC Meeting Plan
Crude prices rose about 4 percent on Wednesday, resuming their rally from a two-day slide, as U.S. stockpiles grew by less than half the levels expected while major oil producers readied to meet in Qatar next month on output freeze plan. The market is also the lookout for a Federal Reserve policy statement due later in the day to glean direction on U.S. interest rates.
Oil Rises as Producers Plan Output Summit
Producers to meet April 17 in Qatar on proposed output freeze. Oil prices firmed on Wednesday on an announcement that producers will meet next month in Qatar to discuss a proposal to freeze output and on growing signs of a decline in U.S. crude production. Producers both from and outside the Organization…
Qatargas Launches $1 Bln Eco Project at Ras Laffan
His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior of the State of Qatar, officially inaugurated the Jetty Boil-Off Gas Recovery (JBOG) Project in Ras Laffan Industrial City (RLIC) today. The biggest project of its kind and one of the largest environmental investments in the world…
GDI Awards N-KOM US$110-M Contracts
Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts worth US110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard between Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M).
Qatar Petroleum plans to invest over 40 billion QAR
Qatar Petroleum (QP) announced plans to invest over 40 billion Qatari Riyals (QAR) in the re-development of the existing Bul Hanine offshore oil field located about 120 kilometers to the east of the Qatari coastline. The project, which is currently at the pre-FEED stage, is one of the largest to be managed and executed by QP.
