Qatar Petroleum (QP) said today it had completed the financing for its Barzan gas project. Qatar Petroleum said in a statement that the Barzan gas project will be financed with up to 30% equity and the remaining 70% through a syndicated loan expected to total $7.2 billion. The project will supply na
Shipping rates of liquefied natural gas for a period of 12-months or more rose to a record, Bloomberg reported, citing an analyst at Morgan Stanley. A.P. Moller-Maersk, hired out LNG tanker Maersk Methane for three years at $140,000 a day, Ole Storer, a Morgan Stanley analyst said. Morgan Stanley sa
Iran’s oil minister Rostam Qasemi announced that the country has discovered a huge natural-gas field in the Caspian Sea. The ministry’s news website, quoted Rostam Qassemi as saying the field is located within the country’s maritime borders at a depth of 700 meters and contains an estimated 50 Tcf o
Qatargas announced a new milestone in its journey to be the world’s premier liquefied natural gas (LNG) company, as its state-of-the-art Laboratory was awarded with a major international quality accreditation. The ISO-17025 certification from one of the most reputable accreditation bodies in the wor
Suncor Energy reported yesterday that it has declared force majeure under its contractual obligations and is suspending its operations with the General Petroleum Corporation (GPC) in Syria. These actions are taken as a result of sanctions on Syria announced by the European Union on Dec. 2, 2011. The
In building a reputation for delivering liquefied natural gas (LNG) safely, reliably and efficiently to customers around the world, RasGas Company Limited (RasGas), is continuing to demonstrate innovation in sustainable development in the State of Qatar, said Brett Doherty, Group Manager, Safety, He
The Gazprom delegation participated in the 20th World Petroleum Congress that took place in Doha, the capital of Qatar. The major objective of the Congress is exchanging experience in the gas and oil sectors. Sergey Shmatko, Russian Energy Minister visited an exhibition booth organized by Gazprom as
Iran has participated in the 2011 World Petroleum Congress (WPC), spokesman for the National Iranian Gas Company (NIGC), Majid Boujarzadeh announced. According to the report of the public relations of the NIGC, he said that an Iranian delegation headed by the country’s oil minister Rostam Qasemi has
India’s ONGC is in negotitations with Russian Gazprom to jointly develop projects to produce liquefied natural gas, India’s oil ministry said in a statement. Shri S Jaipal Reddy, India’s Minister of Petroleum and Natural Gas and Mr Sergey Shmatko, Russian Minister of Energy met at a bilateral meetin
Qatargas Chief Executive Officer, Khalid Bin Khalifa Al-Thani, today stated Qatargas would continue to seek, for now and well into the future, increased energy efficiencies across its facilities to ensure stability and a better tomorrow for future generations. Presenting a paper on “Supporting the o
Brazil’s Petrobras plans to make a decision in first quarter of 2012 on its FLNG development, Petrobras chief executive Jose Sergio Gabrielli said today at the World Petroleum Congress in Doha. “Two proposals submitted by engineering groups are good both technically and commercially“, he said. Petro
India is in talks with Qatar for more supplies of LNG, Minister Jaipal Reddy said yesterday at the 20th World Petroleum Congress in Doha. „India needs additional energy sources to match its growth,“ he said. The Minister also held bilateral talks with Oman’s Minister of Oil and Gas on additional sup
Chubu Electric Power Company, Inc. and Shizuoka Gas Company, Ltd. have signed today a tripartite LNG sales and purchase agreement with Qatargas. Under the agreement, Chubu Electric and Shizuoka Gas will, for a period of 6 years from 2016 to 2021, purchase approximately 200,000 tons of LNG per annum
GE Oil & Gas has signed a contract with Qatar Operating Company Limited (Qatargas) to supply advanced combustion technology that will reduce gas turbine emissions at the Qatargas 1 Utility complex to meet new regulations from the Qatari Ministry of Environment. The deal was announced by GE at the 20
