Latest news with #SaadSheridaAl-Kaabi
Yahoo
20-05-2025
- Business
- Yahoo
QatarEnergy, ConocoPhillips CEOs on Energy & Security
H.E. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, State of Qatar and President & CEO, QatarEnergy and Ryan M. Lance, Chairman & CEO, ConocoPhillips discuss global energy supplies and security with Bloomberg's Francine Lacqua at the 2025 Qatar Economic Forum, Powered by Bloomberg. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20-05-2025
- Business
- Bloomberg
Qatar's First LNG Expansion Project Cargoes to Start by Mid-2026
Qatar said it will start exporting liquefied natural gas from its first domestic expansion project by the middle of next year, clarifying a closely watched timeframe for when operations will begin. QatarEnergy will start supplies from North Field East by mid-2026, Energy Minister Saad Sherida Al-Kaabi told Bloomberg News at the Qatar Economic Forum in Doha on Tuesday. The startup of the project — which will boost Qatar's annual LNG output capacity to 110 million tons from 77 million tons now — is in focus amid elevated demand and delays at a number of projects globally.
Bloomberg
20-05-2025
- Business
- Bloomberg
QatarEnergy, ConocoPhillips CEOs on Energy & Security
H.E. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, State of Qatar and President & CEO, QatarEnergy and Ryan M. Lance, Chairman & CEO, ConocoPhillips discuss global energy supplies and security with Bloomberg's Francine Lacqua at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
ILoveQatar.net
19-05-2025
- Business
- ILoveQatar.net
Qatar Airways Group achieves strongest financial results in its history with QR 7.85 billion in the 2024/25 fiscal year
Qatar Airways Group has announced the strongest set of financial results in its history. Profits for the Group, which includes cargo, catering, and Qatar Duty Free, reached QR 7.85 bn (USD 2.15 bn) in the 24/25 fiscal year – an increase of more than QR 1.7bn (USD 0.5bn) on the year before. Qatar Airways Cargo, the world's leading cargo carrier, has delivered a remarkable financial performance, recording a 17% growth in revenue and achieving the best financial results since the COVID period. This is attributed to its agility in adapting to shifting market conditions, a focus on investing in digitalisation, deeper data-driven analyses, and its best-in-class reliability. Minister of Energy and Qatar Airways Group Chairman of the Board of Directors, H.E. Saad Sherida Al-Kaabi, said: 'These financial results show yet again Qatar Airways Group's leadership position not just in global aviation, but in driving the global economy. The achievements across the 24/25 financial year continue to position the airline and Group as a global economic force. This is not just a product of our employees' hard work, but of thoughtful, deliberate and strategic planning, which has allowed the business to thrive in a stable and sustainable way. 'Record-breaking profitability, underpinned by sound business decisions, is a hallmark of our success and I have every confidence that we'll see it continue.' Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer, said: 'These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group. I know that none of the outstanding results we're announcing today would be possible without our people – more than 55,000 of them across the globe - and it's our focus on fostering that talent, which has been a core focus of our Qatar Airways 2.0 strategy. 'We have also successfully implemented strategic partnerships throughout the industry, in order for the Group to remain agile in the face of ever-shifting world events, whether political, economic or environmental. 'All of this means we continue to offer and develop exceptional service in the skies, whether it's the award-winning Qsuite, fine dining, or super-fast complimentary Starlink internet connectivity for all passengers.' Key achievements of Qatar Airways Group over the last financial year include: Record-breaking 28% increase in profit in 24/25 financial year. Expansion of Hamad International Airport, enabling it to cater for 65m passengers annually. First global airline, and first in MENA region, to install Starlink super-fast WiFi on its Boeing 777 fleet. 25% minority stake in Virgin Australia. 25% acquisition of South African premier regional airline, Airlink. Introduction of conversational AI into its world-first digital cabin crew, Sama. A range of technical MoUs future-proofing and diversifying the business across the sector, as well as working to fulfil the ambitions of the Qatar National Vision 2030. Looking ahead, Qatar Airways also recently made historic aircraft and engine orders, ensuring that its already modern and technologically-advanced fleet remains at the forefront of commercial aviation, providing world-leading service to passengers across the globe. Source and cover image credit: Press release
Yahoo
01-05-2025
- Business
- Yahoo
QatarEnergy signs 25-year condensate supply agreement with Shell
QatarEnergy has entered into a 25-year condensate supply agreement with Shell International Eastern Trading Company (SIETCO), a subsidiary of Shell. This deal, set to commence in July 2025, will involve the supply of up to 285 million barrels (mbbl) of condensate over its term. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and president and CEO of QatarEnergy, signed the agreement with Shell CEO Wael Sawan. The partnership underscores the long-standing strategic relationship between the two energy companies. The two companies have collaborated on various projects in Qatar and around the world, including QatarEnergy LNG ventures, the Pearl GTL Plant and other joint investments. Al-Kaabi said: 'We are delighted to sign QatarEnergy's first 25-year condensate sales agreement, the largest and longest duration condensate agreement to date. This agreement is important for being signed with our strategic partner, Shell, with whom we have recently signed a 20-year naphtha sales agreement. 'These long-term agreements provide stability and certainty and help deliver more value to our customer Shell.' In December last year, QatarEnergy and Shell agreed on a long-term arrangement to supply liquefied natural gas (LNG) to China. The deal involves the delivery of three million tonnes per annum of LNG. Additionally, QatarEnergy has recently expanded its operations in Namibia by acquiring a 27.5% working interest in the petroleum exploration licence for offshore block 2813B through an agreement with Harmattan Energy, an indirect subsidiary of Chevron. The block, which spans 5,433km², is located approximately 200km offshore Namibia near QatarEnergy's Venus discovery. "QatarEnergy signs 25-year condensate supply agreement with Shell" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
