Saad Sherida Al Kaabi, who serves as CEO of NOC Qatar Petroleum and minister of state for energy affairs, told a press conference that the withdrawal represents a “technical and strategic” shift aimed at improving the country’s global standing and supporting its long-term strategy.
Al Kaabi emphasised that the move was not political and not linked to the Saudi-led embargo launched against Qatar in June 2017.
Qatar has been an OPEC member for more than 50 years. Its withdrawal announcement comes days ahead of a meeting of OPEC and non-OPEC producers, scheduled to take place in Vienna on Thursday.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.