ADNOC has eyed acquisitions of foreign companies in part to help boost its gas portfolio
The Marsa LNG project includes upstream gas production, a one million-ton-per-year liquefaction plant and a 300-megawatt solar plant
Shell has said it believes gas and LNG will play a critical role in the energy transition by replacing more polluting coal in power plants
QatarEnergy has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels
Under the 15-year time-charter party agreements, Nakilat will charter out the vessels to affiliates of QatarEnergy, facilitating the seamless transportation of LNG to key destinations worldwide
ADNOC has sharpened its focus on natural gas, seeing it as a transition fuel, as the world tries to curb planet-warming emissions
The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals
Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32
Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure’s Port Arthur LNG project in Texas
The energy firm maintained a strong sales momentum in 2023, signing LNG deals valued between $9.4bn and $12bn
Several of Qatar’s LNG tankers have resumed sailing through the Red Sea after having been stopped since January 13
About 12 per cent of world shipping traffic transits the canal and 4-8 per cent of global LNG cargoes have passed through it in 2023
Liquefied natural gas exports from the US outpaced those from Qatar and Australia, according to latest tanker tracking data
Commissioned facilities at South Ghawar can process 300 million standard cubic feet per day of raw gas and 38,000 barrels per day of condensate
The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities
Japan plans to cut use of LNG in the power sector to 20 per cent by 2030
About a fifth of the volume of the world’s total oil consumption passes through the Strait on a daily basis
Natural gas continues to play a crucial role as a transitional fuel with lower carbon emissions compared to other fossil fuels
The company’s board brought forward to 2027 plans to up production capacity to five million barrels per day and approved a capital spending of $150bn
The energy firm has the option to increase its shareholding and associated rights in the future
The name change reflects QatarEnergy’s continued commitment to LNG as a critical source of energy for decades to come
The deal follows several significant international LNG sales agreements, including India Oil Corporation
Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review
The landmark LNG deal was signed during Prime Minister Narendra Modi’s official visit to the UAE last week
The new gas compressor plant is expected to substantially increase ADNOC’s gas output from the Habshan Complex
The net income for the quarter ended March 31 included a one-time tax benefit of $300m following its formation earlier this year
The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision
The company’s unaudited combined pro forma results follow its record IPO earlier in March
The company first entered offshore exploration in Canada in 2021 with a 40 per cent stake in ExxonMobil’s licence for EL 1165A
The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year