In April 2017, Qatar lifted the North Field natural gas production moratorium that had been in place since 2005. This will allow Qatargas to increase production from the world’s largest gas field…
Arab Quartet Asks Top UN Court to Rule on ICAO’s Qatar Decision
The International Court of Justice has announced that Saudi Arabia, Egypt, the United Arab Emirates and Bahrain filed an appeal against the decision handed down by the UN’s global civil aviation body…
Qatar seen beating US in race to supply world with more LNG
Bloomberg/London It’s going to be hard to trump the world’s biggest liquefied natural gas producer on price. Qatar can start making a profit from the fuel at three-quarters of the cost of…
Russian oil faces next challenge now that Opec deal is complete
Bloomberg/Moscow Russia’s deal with Opec on crude supply is starting to look straightforward – when compared with looming decisions on how taxes will be levied on the nation’s oil industry into the…
Venezuela says China investing $250mn to boost oil production
Bloomberg/Caracas Venezuela’s distressed oil sector may get some much needed financing from China, Finance Minister Simon Zerpa said after meetings with officials from China Development Bank and China National Petroleum Corp. China…
Big Oil, utilities are lining up for an electric vehicle war
Bloomberg/London A red-hot electric vehicle market has triggered a face-off between Big Oil and utilities. Oil majors, who’ve sold fossil fuels to cars for a century, are now moving into an electricity…
EU observer says Zimbabwe election will be ‘critical test’
AFP/Harare Upcoming elections in Zimbabwe will be a defining test of the country’s new era, following years of disputed votes under ousted ruler Robert Mugabe, the European Union (EU) observer mission said…
Jordan Pipeline for Israeli Gas Set for Completion by End of 2019
A pipeline to transport $10 billion worth of natural gas over 15 years from Israel’s Leviathan field into Jordan will be completed by the end of 2019, according to the company buying the fuel….
Russia’s oil production reached 16-month high before Opec+ deal
Russian oil production rose to a 16-month high in June, ahead of the country’s agreement with Opec to ease restrictions on output. The nation’s oil companies pumped about 11.06mn bpd, 90,000 more…
Katara set to buy New York’s Plaza Hotel for $600mn
By Dmitry Zhdannikov/Reuters, London Qatar has agreed to buy one of New York’s most iconic buildings, the Plaza Hotel, for around $600mn, adding a development that was once owned by US President…