QatarEnergy

An oversupply of LNG carriers is putting downward pressure on charter rates, pushing them to historic lows. Newbuild LNG carrier deliveries have been outpacing the construction and permitting of new liquefaction facilities needed to support them.

The energy infrastructure firm also purchased a North Dakota gas gathering system for $640 million.

The modular facility will process associated gas to produce electricity for up to 200,000 households in the Basra region.

Updates about global exploration and production activities and developments.

By adding this latest EPCI contract for pipelines and cables to earlier awards, McDermott is now responsible for all offshore infrastructure associated with Qatar's massive North Field Expansion.

Chiyoda, CB&I discussing how to complete the expansion project, which is expected online this year.

The 18 vessels CSSC will build for QatarEnergy will be the largest LNG vessels in service.

The new vessels bring QatarEnergy’s fleet to 104 as the company ramps up production with its North Field expansion.

Updates about global exploration and production activities and developments.

Block 3B/4B is on trend with nearby Namibian discoveries Venus and Graff.