The SPE has split the former "Management & Information" technical discipline into two new technical discplines:
- Data Science & Engineering Analytics
The SPE has split the former "Management & Information" technical discipline into two new technical discplines:
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China Petrochemical Corporation (Sinopec) has become partner No. 6 in Qatar's North Field East (NFE) expansion, the first and so far, only Asian equity stakeholder to participate in what the industry regards as its largest project to date. Qatar's Energy Minister and President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, signed the equity-participation agreement with Sinopec Chairman Ma Yong-sheng on 12 April in Doha. Under the agreement, Sinopec will hold a 5% interest in one of the NFE joint-venture companies that own the project, according to a QatarEnergy news release. Sinopec's stake is the equivalent of one NFE train with a capacity of 8 mpta and doesn't affect the participating interests of any other shareholder, QatarEnergy said, while Sinopec clarified in its own release that its 5% joint-venture interest represents 1.25% of shares in the overall project. Sinopec now joins a partnership structure announced in summer 2022 in which Shell holds a 6.25% of NFE shares overall, TotalEnergies (6.25%), Phase 1 of the 28.75-billion NFE expansion envisions four new mega LNG trains with a combined nameplate capacity of 32 mpta to boost production initially by 43% to 110 mtpa from the current 77 mtpa.
QatarEnergy will acquire a 40% working interest from Shell in the production-sharing agreement (PSA) pertaining to Mauritania's offshore C-10 block. Shell, which signed the PSA in July 2018 for a 90% share, retains a 50% operating interest while state oil company Société Mauritanienne des Hydrocarbures, (SMH) keeps its original 10%. In announcing the farm-in on 2 April in Doha, Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, called the deal an opportunity that "builds on our exploration footprint in Africa." On 6 March, the partners announced, together with Namibia's National Petroleum Corporation (NAMCOR), the discovery of light oil in the Jonker-1X deepwater exploration well. The Jonker-1X well was drilled to a depth of 6168 m in water depth of 2210 m in the PEL-39 exploration area some 270 km offshore in Namibia's Orange Basin.
QatarEnergy has tapped UK supermajor Shell as its fifth and final international partner in the North Field East (NFE) expansion, the LNG industry's largest single project to date, and Qatar's best bet to regain dominance among global liquefied natural gas (LNG) producers. With its selection, announced at a 5 July ceremony in Doha, Shell joins France's TotalEnergies, Italy's Eni, and US majors ExxonMobil and ConocoPhillips in the consortium that will develop Phase 1 envisions four new mega LNG trains with a combined nameplate capacity of 32 mpta to boost production initially by 43% to 110 mtpa from the current 77 mtpa. Two more trains will be added during Phase 2 (known as the North Field South) development) to reach a final targeted production of 126 mtpa (up 64%) by 2027, according to QatarEnergy's current plan. Under the agreement, Shell will partner with QatarEnergy in a new joint venture company (JV) in which Shell holds a 25% interest and QatarEnergy holds 75%. The JV in turn will own 25% of the entire NFE project, as is the case with each of QatarEnergy's other four partners.
QatarEnergy has chosen Italy's Eni and US major ConocoPhillips as its newest strategic partners in its North Field East Expansion (NFE), joining France's TotalEnergies on a growing roster of international players that will develop the LNG industry's largest project to date. For Eni, NFE will be the its first foray into Qatar's upstream sector, while ConocoPhillips and Qatar share a history dating back to 2003 when both signed a Heads of Agreement to launch construction of Qatargas 3. Today, ConocoPhillips holds 30% of the Qatargas 3 joint venture (JV), a project with facilities integrated with Qatargas 4 (30% Shell) to produce natural gas, petroleum gas, and gas condensate from the North Field. The project includes a 7.8 gross mpta LNG facility which shipped its first product in 2010, according to ConocoPhillips. Announcements of QatarEnergy's NFE partner picks and CEO-level signing ceremonies in Doha have come in rapid-fire succession since Qatar revealed TotalEnergies as its first partner on 12 June. Its choice of Eni followed on 19 June, with the latest, ConocoPhillips, coming on 20 June.
QatarEnergy has awarded the major engineering, procurement, and construction (EPC) contract for its North Field LNG Expansion Project which promises to boost Qatar's LNG production capacity from its current 77 mtpa to 126 mtpa by 2027. A joint venture (JV) between Spain's Técnicas Reunidas SA (TR) and China's Wison Engineering (Wison) secured the EPC contract to add four new trains at Qatar's North Field East. QatarEnergy called the award the "final major milestone" of the expansion's first phase which is scheduled to start at the end of 2025, raising Qatar's LNG capacity initially to 110 mtpa. Qatar will top off the final 16 mtpa in expanded capacity by adding two more trains at North Field South (NFS) during Phase 2 for which another EPC contract will be awarded by the end of this year, QatarEnergy said. Besides the EPC deal, the TR-Wison JV also won a separate $600 million lump-sum contract to construct new sulfur-handling, storage, and loading facilities to process and export sulfur from the existing expansion of the LNG plant at Ras Laffan Industrial City, 80 km north of Doha, according to TR. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and president and CEO of QatarEnergy, called the deal "the largest of its kind in the history of the LNG industry" adding that "the contract with the TR-Wison joint venture includes options for the NFS project as well as any future requirements for the handling, storage, and loading of sulfur."
Qatar will work with Germany on the delivery of future LNG supplies as the European nation looks to reduce its dependence on Russian energy. German Economy Minister Robert Habeck said during talks in Doha on Sunday his government plans to fast-track the construction of two LNG import terminals, QatarEnergy said in a statement without giving specifics. Today, Germany has no LNG terminals of its own after years of debating whether they were necessary. "QatarEnergy has been discussing the supply of Qatari LNG to Germany for a number of years with German companies," the statement read. "However, until recently, such discussions did not materialize into definitive agreements due to the lack of clarity on the long-term role of gas in Germany's energy mix and the requisite LNG import infrastructure."
Natural gas is almost certain to be the fastest-growing fossil fuel in the global energy mix for decades to come, comprising 28% of the global energy mix by 2050. Together with renewables, natural gas will likely fuel 60% of global electricity production, be it as pipeline gas, liquefied natural gas (LNG), or blue hydrogen. These are among the forecasts that appear in the 2020 edition of the GECF (Gas Exporting Countries Forum) Global Gas Outlook 2050 released in February 2021 and providing short-, medium-, and long-term energy projections based on assumptions regarding macroeconomic conditions, energy prices, and policies. The report is updated yearly and is the flagship publication of the organization, which represents countries that control 71% of global gas reserves. It is unique in that it focuses exclusively on the global gas industry, which today is providing for 23% of global energy needs. Headquartered in Doha, Qatar, the GECF is an intergovernmental organization comprising 11 member countries and nine observer states, established in 2001 by Russia and Iran. Moscow and Tehran had hoped that GECF would eventually morph into a “Gas OPEC” but that never happened. The organization’s analyses and forecasts do, however, present a worthwhile snapshot of how the world’s largest gas producers see the industry. Member states in GECF include Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, and Venezuela. Observer countries are Angola, Azerbaijan, Iraq, Kazakhstan, Malaysia, Norway, Oman, Peru, and the UAE. Unconventional Gas To Play Growing Role In its report, the GECF noted that unconventional resources will be playing a growing role in the market and that gas producers will need to emphasize unconventional projects to satisfy growing demand, as well as to invest heavily into exploration to identify and tap into new gas reserves and develop greenfield projects. “It is also important to highlight the increasing interest in hydrogen as a lever to support the deep decarbonization of the world’s economies,” Yury P. Sentyurin, GECF’s Secretary General, wrote in his introduction to the annual outlook. In mentioning hydrogen, Sentyurin is speaking about “blue hydrogen” which is produced from natural gas, and which, when combined with CCUS (carbon capture, utilization, storage) can marry commercial and environmental interests, further positioning natural gas as a transition fuel to bridge the gap between fossil fuels and renewable sources of energy. Blue hydrogen is in fact expected to satisfy half of the hydrogen demand projected worldwide by 2050, Sentyurin points out. Policies being set by countries in the European Union have focused more on costly “green hydrogen” produced from renewable sources; but not in the policies of other nations in regions of the world where growth in energy demand is expected to be the highest. Growth in European energy demand is largely flat.
Natural gas is almost certain to be the fastest-growing fossil fuel in the global energy mix for decades to come, comprising 28% of the global energy mix by 2050. Together with renewables, natural gas will likely fuel 60% of global electricity production, be it as pipeline gas, liquefied natural gas (LNG), or blue hydrogen. These are among the forecasts that appear in the 2020 edition of the GECF (Gas Exporting Countries Forum) Global Gas Outlook 2050 released in February 2021 and providing short-, medium-, and long-term energy projections based on assumptions regarding macroeconomic conditions, energy prices, and policies. The report is updated yearly and is the flagship publication of the organization, which represents countries that control 71% of global gas reserves. It is unique in that it focuses exclusively on the global gas industry, which today is providing for 23% of global energy needs. Headquartered in Doha, Qatar, the GECF is an intergovernmental organization comprising 11 member countries and nine observer states, established in 2001 by Russia and Iran.
After a successful kick-off event in September 2007, the Young Professionals (YPs) Chapter in Qatar has not lost steam and new activities have been taking place during 2008. On 15 March, a friendly football match was held between the YPs and students at Qatar Education City. After a fun afternoon, the players and audience were invited for a networking dinner sponsored by the local SPE chapter. On 6 May, an evening event was held at the Intercontinental Hotel in Doha. The event, titled "Career Development Panel Discussions," featured both YPs and more senior professionals for networking and discussion.
At IPTC's awards dinner, Shell was bestowed with the conference's highest honor in recognition of its Pearl Gas to Liquids (GTL) facility in Qatar. Shell is the seventh recipient of the Excellence in Project Integration award and was singled out for its successful implementation of what is widely acknowledged as one of the world's most complex and capital-intensive projects ever commissioned. Mitchitaka Ohta, IPTC award committee chairman and director of project coordination for INPEX, presented the award to Shell at Doha's St. Regis Hotel before representatives of His Highness Sheikh Tamim Bin Hamid Al-Thani, emir of Qatar, as well as hundreds of executives from both international and national oil companies. "Over the years, the award has been receiving increasing interest from the industry, resulting in establishing itself to be one of the most prestigious forms of commendation of those involved in the upstream industry," Ohta said. Many of this year's submitted projects included world-first introductions of new technology, record-breaking achievements, and outstanding efforts to maximize production.