Qatar Petroleum inviting Exxon, Chevron and ConocoPhillips for JV gas talks

Must Read

OilNOW
OilNOW
OilNOW is an online-based Information and Resource Centre

Qatar Petroleum will invite Exxon, Chevron and ConocoPhillips for talks to form a joint venture to expand gas production at the country’s North Field, Its Energy Minister and QP Chief Saad Al-Kaabi told Bloomberg.

According to reports, Qatar wants to “de-risk the project as much as possible” before negotiating with potential partners and will outline project costs to companies so investors will “come in with open eyes and understanding the costs,” Al-Kaabi is quoted as saying.

While the coronavirus pandemic has not hit gas as hard as oil, Al-Kaabi says Qatar Petroleum will cut its capital and operating expenditure by 30% due to weak energy prices.

- ADVERTISEMENT -
ADVERTISEMENT

Partnered Events

Latest News

Letter-to-the-Editor: Strengthening Guyana’s oil spill response is a win for both the environment and the economy 

Dear Editor, The recent completion of the Oil Spill Response & Shoreline Cleanup Assessment Techniques Course and Incident Command System...

More Articles Like This