QP, Chevron Ink Offshore Moroccan Deal
Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from Chevron’s 75% share in three deep-water offshore leases in the Kingdom of Morocco. Under the agreement, which was approved by the Moroccan government, Qatar Petroleum will acquire the 30% interest in the deep-water leases, while Chevron will retain a 45% interest and remains the operator and Morocco's Office National Des Hydrocarbures Et Des Mines will continue to have a 25% interest. The three offshore areas are Cap Rhir Deep
Fifth Jackup Contract for Keppel from Gulf Drilling
part of the contract, GDI has options for two more KFELS B Class rigs for deliveries in 2017. On the new jackup, to be named Halul, Keppel FELS has already begun preparations for its scheduled delivery in 1Q 2016 during the course of discussions with GDI. Upon delivery, Halul will be chartered to Qatar Petroleum for five years. Halul is GDI's fifth KFELS B Class jackup rig ordered from Keppel. The fourth rig, Dukhan, was recently delivered last month. Les Hat, a similar jackup, was delivered last year and has been successfully operating for GDI in the Middle East, following in the footsteps of sister
Golden Pass Announce Agreement to Export Gas to U.K.
Golden Pass Products LLC (GPP) affiliates Qatar Petroleum International (QPI) and ExxonMobil signed a framework agreement for the proposed liquefaction project at the Sabine Pass, Texas terminal. The agreement establishes a commercial framework to sell up to the full 15.6 million metric ton annual (MTA) output of the Golden Pass Products liquefaction project and provide shipping and sales opportunities to existing and new markets, including leveraging the sponsors’ long- term arrangements for international imports via the United Kingdom’s South Hook facility. Golden Pass shareholders
February 2025
