International

Spending to create new natural gas liquefaction capacity in the United States may get Qatar Petroleum International (QPI) more bang for the buck than developing additional liquefaction projects at home, according to Wood Mackenzie.

Spending to create new natural gas liquefaction capacity in the United States may get Qatar Petroleum International (QPI) more bang for the buck than developing additional liquefaction projects at home, according to Wood Mackenzie.

Qatar Petroleum International (QPI) last week secured a multilateral agreement with long-time partner ExxonMobil Corp. to explore North America’s unconventional natural gas, associated gas and export potential. In addition, a newly established partnership between UK utility Centrica plc and QPI clinched a $986 million agreement to buy a package of Suncor Energy’s onshore gas-weighted properties in the Western Canadian Sedimentary Basin.

ExxonMobil Corp. and Qatar Petroleum International (QPI) on Monday signed a memorandum of understanding (MOU) to jointly evaluate unconventional natural gas and associated liquids resources in North America, as well as global opportunities for liquefied natural gas (LNG).

Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.

Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.

China’s Sinopec International Petroleum Exploration and Production Corp. has added to its considerable leasehold in the Mississippian Lime formation after agreeing to pay Chesapeake Energy Corp. $1.02 billion in cash for half of its 850,000 net acres.

Aiming to expand its international unconventional resource opportunities, Houston-based exploration and production independent ConocoPhillips said Wednesday it has entered into a set of agreements with PetroChina Co. Ltd., under which PetroChina will acquire an interest in two Western Australia exploration assets and establish a joint study agreement (JSA) for unconventional resource development in China’s Sichuan Basin.

Magnum Hunter Resources Corp. and privately held Eclipse Resources I LP have struck a joint operating agreement covering a leasehold owned by both companies in the Marcellus and Utica shales in Monroe County, OH.