Posts filtered by tags: Qatar Petroleum[x]


 

Buyers Are So Hungry for LNG, Tankers Are Lining Up Off #Qatar - Bloomberg

Buyers Are So Hungry for LNG, Tankers Are Lining Up Off Qatar - Bloomberg More than a dozen liquefied natural gas tankers are waiting their turn to fill up at Qatar’s port of Ras Laffan in a clear sign of how tight the global gas market has become. South Korean and Pakistani buyers are among those seeking to maximize shipments under long-term supply contracts with the Middle Eastern emirate, one of the world’s biggest natural gas exporters, according to traders with knowledge of the ma...
Tags: Travel, Qatar, Middle Eastern, Qatargas, Rupert Neil Bumfrey, Ras Laffan, Qatar Petroleum, Qatar Bloomberg, Bloomberg Seasonally


#Kuwait Looks to Gas Imports as Gulf States Aim to Burn Less Oil - Bloomberg

Kuwait Looks to Gas Imports as Gulf States Aim to Burn Less Oil - Bloomberg The Al-Zour LNG terminal, Kuwait.   Kuwait Integrated Petroleum Industries Co. Kuwait has opened its first permanent facility to import liquefied natural gas, as oil-rich Persian Gulf states accelerate efforts to wean their power plants off crude and use cleaner forms of energy.The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday, according to state news agency Kuna.The plant...
Tags: Travel, Saudi Arabia, Iraq, Opec, Qatar, Middle East, Kuwait, Persian Gulf, Rupert Neil Bumfrey, Qatar Petroleum, Al Zour, BloombergNEF, Al Zour LNG, Less Oil Bloomberg, Abhishek Rohatgi


Emirate of #Sharjah Said to Hire Banks as Bond Rush Picks Up Pace - Bloomberg

Emirate of Sharjah Said to Hire Banks as Bond Rush Picks Up Pace - Bloomberg Sharjah’s government has picked banks to raise over $750 million from an Islamic bond offering, drawn by historically low funding costs as its finances come under strain.A sale could happen as soon as the coming days, people familiar with the matter said, asking not to be identified as the matter is private. A representative for the government of Sharjah declined to comment.The third-biggest sheikhdom in the United Ar...
Tags: Travel, Bloomberg, Middle East, United Arab Emirates, Oman, Sharjah, Saudi Aramco, Rupert Neil Bumfrey, Moody 's Investors Service, Qatar Petroleum, Sharjah Said, Bloomberg Sharjah, Turkey Kenya


#Qatar Petroleum posts first-quarter profit rises 36% to almost $5 bln | Reuters

Qatar Petroleum posts first-quarter profit rises 36% to almost $5 bln | Reuters Qatar Petroleum, one of the world's top natural gas suppliers, posted a profit of 18.1 billion riyals ($4.90 billion) in the first quarter of 2021, up from 13.3 billion riyals a year prior, a bonds prospectus reviewed by Reuters showed.The 36% rise in profit was despite revenue falling slightly to 24.3 billion riyals in the first quarter of 2021 from 24.5 billion riyals in the first quarter of 2020.Capital expendit...
Tags: Travel, Reuters, Rupert Neil Bumfrey, Qatar Petroleum, Reuters Qatar Petroleum


#Qatar Petroleum Sees Natural Gas Demand Peaking Around 2040, Much Later Than IEA - Bloomberg

Qatar Petroleum Sees Natural Gas Demand Peaking Around 2040, Much Later Than IEA - Bloomberg Natural gas giant Qatar Petroleum predicted global demand for the fuel will continue to climb for almost two decades, making it far more optimistic than the International Energy Agency.QP expects consumption to grow at a rate of 1.5% a year, driven higher by economic growth and a broad shift away from dirtier-burning coal, according to a bond prospectus seen by Bloomberg. It sees demand peaking around ...
Tags: Travel, Qatar, Bloomberg, Paris, IEA, Rupert Neil Bumfrey, Qatar Petroleum, IEA Bloomberg, IEA Bloomberg Natural, International Energy Agency QP


#Qatar Petroleum hires banks for four-tranche jumbo bond sale | Reuters

Qatar Petroleum hires banks for four-tranche jumbo bond sale | Reuters Qatar Petroleum has hired a group of banks to arrange a four-tranche issuance of U.S. dollar-denominated bonds, a document showed, for what will be its debut public bond sale months after it signed a contract to boost its liquefied natural gas output.The bond sale will comprise conventional tranches of five, 10 and 20 years, as well a 30-year Formosa portion, the document from one of the banks on the deal and reviewed by Re...
Tags: Travel, Qatar, Taiwan, Citi, Reuters, Jpmorgan, Formosa, Rupert Neil Bumfrey, Qatar Petroleum, Credit Suisse CSGN, Reuters Qatar Petroleum, moreQatar Petroleum QP


Chevron, consortium of Total and #Qatar Petroleum win Suriname oil bids | Reuters

Chevron, consortium of Total and Qatar Petroleum win Suriname oil bids | Reuters Suriname's state oil company Staatsolie said on Friday that Chevron Corp (CVX.N) and a consortium of France's TotalEnergies SE (TOTF.PA) and Qatar Petroleum (QATPE.UL) submitted the most favorable bids to develop offshore oil blocks.Staatsolie said it was now in the process of negotiating production-sharing contracts for Chevron for Block 5 and with the Total-Qatar Petroleum consortium for Blocks 6 and 8. Staatsol...
Tags: Travel, France, Qatar, Malaysia, Chevron, Reuters, Suriname, Petronas, Rupert Neil Bumfrey, Qatar Petroleum, Reuters Suriname, Staatsolie, Chevron Corp CVX N, Total Qatar Petroleum, Neighboring Guyana


Aramco Said to Plan Bond Sale to Help Fund $75 Billion Dividend - Bloomberg

Aramco Said to Plan Bond Sale to Help Fund $75 Billion Dividend - Bloomberg Saudi Aramco is preparing to return to global capital markets with a bond that would help fund a $75 billion dividend commitment, according to people with knowledge of the plan.The world’s biggest energy company has picked around 15 banks to manage a sale of Islamic debt, or sukuk, that could happen this month, according to people with knowledge of the matter. The state-controlled firm may seek to raise around $5 billi...
Tags: Travel, Aramco, Persian Gulf, Aramco Said, Rupert Neil Bumfrey, Qatar Petroleum, Bloomberg Saudi Aramco, Energy Development Oman


#Qatar Petroleum hires banks for June jumbo bond sale | Nasdaq

Qatar Petroleum hires banks for June jumbo bond sale | Nasdaq Qatar Petroleum has hired a group of international banks to arrange a multibillion-dollar sale of bonds on international debt markets, said two sources close to the matter.The sale is expected to take place by the end of June, the sources told Reuters, as the Gulf's hydrocarbons giants seek to raise cash in the face of low energy prices and Qatar Petroleum plans to expand capacity.Qatar Petroleum, one of the world's biggest supplier...
Tags: Travel, Reuters, Rupert Neil Bumfrey, Qatar Petroleum, Nasdaq Qatar Petroleum


Top LNG Exporter #Qatar Undercuts Rivals to Keep Dominating Market - Bloomberg

Top LNG Exporter Qatar Undercuts Rivals to Keep Dominating Market - Bloomberg The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out of the market.Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new plants elsewhere. It’s also established a trading team to compete in the nascent spot market and pushing int...
Tags: Travel, Asia, Europe, Texas, Australia, China, Russia, Africa, Qatar, Iran, Beijing, Pakistan, Louisiana, Sinopec, Thomas, Citigroup Inc


#Qatar Petroleum takes over ownership of first-ever LNG plant | Reuters

Qatar Petroleum takes over ownership of first-ever LNG plant | Reuters Qatar Petroleum said on Tuesday it would take full ownership of its Qatargas 1 liquefied natural gas (LNG) plant when its 25-year contract with international investors including Exxon Mobil Corp and Total SE expires next year.The decision not to extend the contracts for the country’s first-ever LNG processing plan came as Qatar Petroleum (QP), the world’s top LNG producer, prepares to vastly expand its capacity in the co...
Tags: Travel, ExxonMobil, Credit Suisse, Reuters, Exxon Mobil Corp, Mitsui Co Ltd, Marubeni Corp, Qatargas, Rupert Neil Bumfrey, Qatar Petroleum, Reuters Qatar Petroleum, Qatar Petroleum QP


#Qatar Petroleum signs 10-year deal to supply LNG to China's Sinopec | ZAWYA MENA Edition

Qatar Petroleum signs 10-year deal to supply LNG to China's Sinopec | ZAWYA MENA EditionQatar Petroleum (QP), the world’s top liquefied natural gas (LNG) supplier, has signed a long-term agreement to supply LNG to China Petroleum and Chemical Corporation (Sinopec) for several years.With the new deal, said to be the first in the history of the Chinese firm, Qatar Petroleum will supply two million tonnes of LNG to Sinopec every year for a term of ten years.The long-term purchase and sales agreemen...
Tags: Travel, China, Qatar, Sinopec, Petroleum, Rupert Neil Bumfrey, Qatar Petroleum, EditionQatar Petroleum QP, China Petroleum and Chemical Corporation Sinopec


The LNG King Embarks on Sales Campaign After Approving Expansion - Bloomberg #Qatar

The LNG King Embarks on Sales Campaign After Approving Expansion - Bloomberg Executives from the top exporter of liquefied natural gas are jetting around the globe in a whirlwind bid to strike competitive deals with the fastest growing customers. They need to.Qatar, the world’s largest producer of the fuel, last month approved a $29 billion plan to boost capacity at its LNG export facility by 64% this decade, and is now urgently seeking to lock-in contracts and undercut rival developers from the...
Tags: Travel, Australia, India, Qatar, Pakistan, Royal Dutch Shell, Imran Khan, Bangladesh, Shell, South Asia, Pakistan Bangladesh, Rupert Neil Bumfrey, IHS Markit, Qatar Petroleum, Saad al Kaabi, Bloomberg Executives


#Qatar Petroleum expands trading as rivals "punch above weight" | Reuters

Qatar Petroleum expands trading as rivals "punch above weight" | Reuters Qatar Petroleum (QP) aims to build a trading desk to rival oil majors and trading houses and to help smooth out spot gas price spikes, the chief executive of the world’s largest LNG producer told Reuters.Saad al-Kaabi said in an interview that while state-owned QP would still chiefly use long-term price contracts as it expands its production, spot volumes for trading would represent about 5-10% of volumes sold.Kaabi said bo...
Tags: Travel, Asia, Reuters, Rupert Neil Bumfrey, Qatar Petroleum, Kaabi, Reuters Qatar Petroleum QP, Reuters Saad al Kaabi


Biggest LNG Supplier Hires Builders for $29 Billion Expansion - Bloomberg

Biggest LNG Supplier Hires Builders for $29 Billion Expansion - Bloomberg Qatar hired engineers for a planned $29 billion expansion of its capacity to produce liquefied natural gas, seeking to cement its position as the world’s biggest supplier of the fuel.While Australia, the U.S. and other producers have been ramping up output, Qatar’s LNG capacity has stayed mostly flat for a decade. Gas, a cleaner-burning alternative to crude oil, is seen as an important fuel for bridging the global transiti...
Tags: Travel, Japan, London, Australia, Qatar, Bloomberg, Doha, Rupert Neil Bumfrey, Qatar Petroleum, Saad al Kaabi, Kaabi, Chiyoda Corp, TechnipFMC Plc


Singapore's Pavilion inks first long-term LNG deal with #Qatar | Reuters

Singapore's Pavilion inks first long-term LNG deal with Qatar | Reuters Singapore’s Pavilion Energy said on Monday it inked a deal with Qatar Petroleum’s trading unit to buy up to 1.8 million tonnes per year of liquefied natural gas (LNG) for 10 years from 2023.Each cargo delivered to Singapore under this agreement will come with a statement of greenhouse gas emissions from wellhead to discharge port, Pavilion Energy said in a statement.Pavilion Energy, owned by Singapore state-owned investment ...
Tags: Travel, Singapore, Qatar, Reuters, Temasek Holdings, Rupert Neil Bumfrey, Qatar Petroleum, Qatar Petroleum Qatar, Pavilion Energy, Reuters Singapore 's Pavilion Energy, Qatar Petroleum Trading


#Qatar secures LNG capacity at UK's Grain terminal for 25 years | Reuters

Qatar secures LNG capacity at UK's Grain terminal for 25 years | Reuters:Qatar Petroleum has secured storage and redelivery capacity at the UK’s Grain liquefied natural gas (LNG) terminal for 25 years from mid-2025, Qatar Petroleum and Britain’s National Grid said in separate statements on Tuesday.The deal was signed between National Grid’s Grain LNG and Qatar Petroleum’s Qatar Terminal Limited (QTL) after the conclusion of an open season process launched by National Grid in Nov. 2019.Qatar Petr...
Tags: Travel, UK, Qatar, Britain, United Kingdom, National Grid, Petroleum, Reuters, Rupert Neil Bumfrey, Qatar Petroleum, Saad Sherida Al Kaabi, National Grid 's Grain LNG, Qatar Petroleum 's Qatar Terminal Limited QTL


Yara completes $1 billion #Qatar sale, starts share buyback - Reuters

:Yara (YAR.OL), one of the world’s largest fertiliser makers, has completed a long-awaited sale of its stake in Qatar Fertiliser Company, paving the way for a significant share buyback program, the Norwegian company said on Tuesday.Yara in March agreed to sell its 25% holding in Qafco to Qatar Petroleum for $1 billion, exiting a partnership that began more than 50 years ago, but the deal was conditional on regulatory approvals that have now been granted.Oslo-based Yara will now initiate a buybac...
Tags: Travel, Qatar, Oslo, Reuters, Yara, Rupert Neil Bumfrey, Qatar Petroleum, QAFCO, Qatar Fertiliser Company


Industries Qatar buys #Qatar Fertiliser stake from QP in $1 billion deal - Reuters

Industries Qatar buys Qatar Fertiliser stake from QP in $1 billion deal - Reuters:Industries Qatar (IQ) (IQCD.QA) has bought Qatar Petroleum’s 25% stake in Qatar Fertiliser Co (QAFCO) for $1 billion, the company said, making IQ the 100% owner of the world’s largest single site urea producer.Industries Qatar shares were up 6.9% to 10.1 riyals in early trade on Monday, trimming their year-to-date loss to 2.2%.QAFCO has entered into a new gas sales and purchase agreement (GSPA) with Qatar Petroleum...
Tags: Travel, Qatar, Reuters, Rupert Neil Bumfrey, Industries Qatar, Qatar Petroleum, Qatar Petroleum QP, QAFCO, Qatar Fertiliser, Qatar Fertiliser Co QAFCO


MIDEAST STOCKS-Most Gulf markets rise; Industries Qatar boosts #Qatar index - Reuters

MIDEAST STOCKS-Most Gulf markets rise; Industries Qatar boosts Qatar index - Reuters:Major stock markets in the Gulf region rose in early trade on Monday, with the Qatari index boosted by gains in shares of Industries Qatar after the petrochemicals firm bought a stake in Qatar Fertiliser Co (QAFCO).Saudi Arabia’s benchmark index firmed 0.2%, with oil giant Saudi Aramco gaining 0.3%, while Al Rajhi Bank was up 0.2%.Aramco said on Sunday it was setting up a new corporate development organisation t...
Tags: Travel, Qatar, Dubai, Gulf, Reuters, Aramco, Saudi Aramco, Emirates NBD, Emaar Properties, Rupert Neil Bumfrey, Industries Qatar, Al Rajhi Bank, Qatar Petroleum, Qatar Fertiliser Co, QAFCO, QAFCO Saudi Arabia


Yara expects $1 billion #Qatar sales proceeds by end-August - Reuters

Yara expects $1 billion Qatar sales proceeds by end-August - Reuters:Yara (YAR.OL), one of the world’s largest fertiliser-makers, expects to finalise its long-awaited sale of a stake in Qatar Fertiliser Company later this month, a senior executive at the Norwegian firm said on Friday.In its earnings report for the second quarter, released on July 17, Yara had said it expected to complete the $1 billion transaction “within 2-3 weeks”, followed by a share buyback program, leading some analysts to ...
Tags: Travel, Qatar, Reuters, Yara, Rupert Neil Bumfrey, Qatar Petroleum, QAFCO, Qatar Fertiliser Company, Thor Giaever


#Qatar energy minister weighs in on Saudi oil price war | Qatar News | Al Jazeera

Qatar energy minister weighs in on Saudi oil price war | Qatar News | Al Jazeera:Qatar's Minister of State for Energy Affairs said Saudi Arabia made a big miscalculation when it launched an oil price war with Russia earlier this year, flooding an already saturated global market that was reeling from falling crude demand in the wake of coronavirus lockdowns. "It was sort of a double-whammy where the market got hit in a very big way," Saad al-Kaabi, who is also CEO of Qatar Petroleum, told busines...
Tags: Travel, Saudi Arabia, Russia, Qatar, Cnbc, Riyadh, Rupert Neil Bumfrey, Qatar Petroleum, Saad al Kaabi, State for Energy Affairs, Qatar News


South Korean shipbuilder stocks rally on $19 billion deal with Qatar Petroleum

Shares in South Korean shipbuilders rallied more than 20% on Tuesday following $19 billion worth of deals to build vessels for Qatar Petroleum (QP) [QATPE.UL].
Tags: Money, businessNews, Qatar Petroleum, Qatar Petroleum QP


#Qatar pushing ahead with LNG expansion despite slumping demand | Financial Times

Qatar pushing ahead with LNG expansion despite slumping demand | Financial Times: The North Field, which lies north-east off the Qatar peninsula, is the biggest natural gasfield in the world © Qatargas Qatar is forging ahead with the expansion of the world’s largest liquefied natural gas project and eyeing investment opportunities overseas despite a slump in global energy demand and the collapse of oil prices.Saad al-Kaabi, the country’s energy minister and chief executive of Qatar P...
Tags: Travel, Australia, Qatar, Financial Times, Gulf, Rupert Neil Bumfrey, North Field, Qatar Petroleum, Saad al Kaabi, Kaabi, US Qatar Business Council


#Qatar Petroleum to slash spending by 30%: CEO - Reuters

Qatar Petroleum to slash spending by 30%: CEO - Reuters:Qatar Petroleum will slash its spending by around 30% this year in the face of the sharp drop in oil and gas prices due to the coronavirus epidemic, its Chief Executive said on Thursday.Speaking during a webcast organised by the U.S-Qatar Business Council, Saad al-Kaabi however said that plans to sharply expand Qatar Petroleum’s liquefied natural gas (LNG) capacity by the middle of the decade remain on track.“We are going through budget rev...
Tags: Travel, Qatar, Reuters, Rupert Neil Bumfrey, Qatar Petroleum, Kaabi, U S Qatar Business Council Saad al Kaabi


#Qatar sets May crude prices at wide discounts - price document | ZAWYA MENA Edition

Qatar sets May crude prices at wide discounts - price document | ZAWYA MENA Edition:Qatar has set the official selling prices (OSP) for its crude in May at wide discounts, according to a price document seen by Reuters on Thursday.Qatar Petroleum set the Marine crude OSP at $7.10 a barrel below the monthly average of Platts Oman and Dubai quotes.The May OSP for Qatar Land crude was set at minus $7.30 a barrel to the same benchmark. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Qatar, Dubai, Reuters, Rupert Neil Bumfrey, Qatar Petroleum, Platts Oman


Exclusive: Qatar Petroleum not scaling down LNG expansion despite delay in bids - CEO

Qatar Petroleum will postpone the start of production from its new gas facilities to 2025 due to a delay in the bidding process, but is not downsizing the world's largest liquefied natural gas project despite concerns of a mounting glut, its chief executive told Reuters.
Tags: Money, Qatar, businessNews, Qatar Petroleum


Qatar offers LNG cargoes after Indian buyers cancel cargoes - sources

Qatar Petroleum has approached several buyers in Asia and in Europe offering liquefied natural gas (LNG) cargoes in the spot market, three sources familiar with the matter told Reuters.
Tags: Asia, Europe, Money, Qatar, businessNews, Qatar Petroleum


#Qatar Petroleum acquires Yara's 25% stake in Qatar Fertiliser Co for $1 billion - Reuters

Qatar Petroleum acquires Yara's 25% stake in Qatar Fertiliser Co for $1 billion - Reuters:Qatar Petroleum (QP) said on Sunday it had signed an agreement with Yara international to acquire its 25 percent stake in Qatar Fertiliser Company (QAFCO) for $1 billion, according to statements by both companies.The transaction will mark a conclusion of a partnership that started with establishing QAFCO, a joint venture, in which Yara owned a 25% share with the remaining 75% owned by Industries Qatar (IQ),...
Tags: Travel, Reuters, Yara, Rupert Neil Bumfrey, Industries Qatar, Qatar Petroleum, Qatar Petroleum QP, Qatar Fertiliser Co, Qatar Fertiliser Company QAFCO, QAFCO, QP QAFCO


MIDEAST STOCKS-Most Middle Eastern stocks gain; #Qatar bucks trend - Reuters

MIDEAST STOCKS-Most Middle Eastern stocks gain; Qatar bucks trend - Reuters:Most Middle Eastern markets closed higher on Monday, withSaudi Arabia gaining on support from Saudi Aramco, while Qatar bucked the trendon news it had delayed choosing partners for the world's largest liquefiednatural gas project.Saudi Arabia's benchmark index was up 0.5% supported by state-ownedSaudi Aramco, which was up 0.9% at 33.1 riyals ($8.83), snapping afive-day losing streak.Saudi British Bank rose 2.1%, while Al...
Tags: Travel, Saudi Arabia, Qatar, Reuters, Saudi Aramco, Arabia, Rupert Neil Bumfrey, Saudi British Bank, Qatar Petroleum, Al Rjahi Bank