Qatar building large CO2 storage plant

08/10/2019 15:26 CO2


Qatar commissioned a carbon capture-and-storage plant and aims to sequester five million tonnes of carbon dioxide from its liquefied natural gas (LNG) facilities by 2025.

Energy Minister Said al-Kaabi said on Tuesday the existence of the plant had not been announced before.


Qatar has for years been the world's largest LNG producer and exporter. It aims to build a large extension to its sprawling LNG facilities to increase production by 40 percent.


Al-Kaabi, also the chief executive of Qatar Petroleum (QP), said the design of the expansion has taken into account carbon capture and storage.


He also said QP was looking into using carbon in Enhanced Oil Recovery (EOR), which it has been piloting in its oilfields.


EOR improves oil production by pumping gas - in this case, carbon - into a field to increase its depleted pressure.


Indonesia signs 20-year production sharing contract for Corridor block

11/11/2019 14:12:00

Indonesia’s government signed on Monday a production sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters.


Iran finds new oilfield of massive size

11/11/2019 14:10:00

Iranian President Hassan Rouhani on Sunday said a new big oilfield has been discovered in Khuzestan province in southwestern Iran.


Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather

11/11/2019 11:08:00

Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.