With global oil and gas prices remaining depressed in mid-2016, impacting government revenues and production, state-owned Qatar Petroleum (QP) is now rolling out an ambitious restructuring programme that aims to reduce its domestic workforce and expand into international energy markets, with a focus on production. Restructuring and...
The year 2015 was a challenging one for Qatar’s oil and gas industry. The state saw its hydrocarbons revenue, which accounts for a significant portion of its income, significantly impacted as an ongoing global oil price plummet accelerated, with crude oil losing over two-thirds of its value between June 2014 and January 2016. Redundancies,...
Qatar is globally known for its vast natural gas reserves and extensive oil reservoirs, with these powering the country’s economy, as well as its electricity and water sector. Yet now, the government and private companies are giving the time of day to a different – and abundant – energy source: sunshine. Indeed, with one of the world’s highest...
While rapid progress is being made on a major campaign to expand the country’s power and water infrastructure, Doha is also at the centre of research and development (R&D) efforts in the utilities field. Programmes currently under way in the state are investigating ways to improve desalination techniques, reverse the salination of Qatar’s...
A rapidly expanding economy and growing population mean that demand for power and water from both industry and households in Qatar has never been greater. This trend is set to continue for some time to come, with an ambitious multibillion-dollar programme of infrastructure building in the lead-up to the 2022 FIFA World Cup, requiring more...
The global market is far more competitive these days, and 2014 saw a dramatic decline in oil prices, which continued into 2015. In March 2015 Brent Crude was retailing at $57 per barrel. Behind this is a global oversupply – Bloomberg reported that the UAE and Qatar estimated this to be in the region of 2m barrels per day (bpd) in mid-January...
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