Qatar is teaming with multinational corporations in the first and largest phase of a nearly $30 billion development Will help the country become the world’s top LNG exporter. The North Field East project consists of four trains, or liquefaction and purification facilities, for which oil majors have been bidding. Following deals with TotalEnergies, Eni, and … Read more
GasTerra, a Dutch firm, announces that it will no longer receive gas from Russia’s Gazprom as of Tuesday after refusing to comply with Moscow’s requests for payment in roubles. GasTerra, which purchases and markets gas on behalf of the Dutch government, finds a replacement for the two billion cubic meters of gas it had expected … Read more
HOUSTON: Exxon Mobil Corp. estimates a $4 trillion market for capturing carbon dioxide and storing it underground by 2050, according to a presentation given on Tuesday. That equates to roughly 60% of the $6.5 trillion market for oil and gas estimated by the United States’ largest crude producer by then. According to the International Energy … Read more
RIYADH: The US-based oil field service company, Halliburton, is in talks with Exxon Mobil about the sale of a stake in the huge West Qurna-1 oil field in southern Iraq. Iraq will step in to buy the stake, if the talks with Halliburton fail, but it wants a US partner for Exxon’s stake, Bloomberg reported, citing the … Read more
