QatarEnergy entered into an agreement to acquire a participating interest in an offshore exploration block in the Republic of Namibia from Chevron Namibia Exploration II Limited, a subsidiary of Chevron. Under the terms of the agreement, which is subject to customary regulatory approvals, QatarEnergy will acquire a 25% interest in Petroleum Exploration License 0082 (PEL82), […]
QatarEnergy has signed two long-term agreements with Cheniere to purchase up to 4 million tonnes of liquefied natural gas (LNG) annually, with deliveries expected to begin in 2031 and continue through 2054.
State-owned QatarEnergy has secured a five-year $3-billion loan from a group of Chinese banks as Qatar’s LNG exporter continues to struggle with shipping sizeable volumes to international markets.
QatarEnergy has announced an oil discovery with encouraging results from the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 0039), offshore Namibia. Merlin-1X is the tenth well drilled under the licence and has delivered the most promising subsurface results to date, with good reservoir quality, light oil and limited associated gas. Commenting on the discovery, His Excellency […]
The Merlin-1X exploration well yielded light crude oil and high-quality reservoir data, further cementing Namibia’s status as a premier global oil exploration destination
Egypt, ExxonMobil and QatarEnergy signed an MoU last week to study the potential development and commercialisation of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure, according to a leading energy journal.
QatarEnergy and ExxonMobil have signed an MoU with the Government of Egypt to study the potential development and commercialisation of gas discoveries in Cyprus, QatarEnergy announced on Thursday. Under the terms of the MoU, the parties will explore future growth opportunities that would optimise Egypt’s underutilised gas and LNG production assets, as well as commercial frameworks utilising […]
QatarEnergy has increased its participation in Uruguay’s offshore upstream sector with the acquisition from Shell subsidiary BG International of a non-operated interest in Block OFF-4, QatarEnergy announced on Wednesday.
TotalEnergies, QatarEnergy and ConocoPhillips have signed an MoU with the Syrian Petroleum Company to assess exploration opportunities in Block 3 offshore Syria, the companies announced on Tuesday.
State producer QatarEnergy extended force majeure on its liquefied natural gas supply through mid-June, according to people familiar with the matter, as the Strait of Hormuz remains almost entirely closed to tanker traffic.