Qatari oil firm buys Congo oil stake

Qatar Petroleum International has bought a share of Total’s oil business in the Republic of Congo for $1.6 billion (£960m). The deal for a 15% stake of Total E&P Congo was sealed on Boxing Day. The business is a leading oil producer in the country, operating 10 of the 22 fields developed. It accounts for […]

Centrica in $1 billion deal to buy Canadian oil and gas assets

British Gas owner Centrica and Qatar Petroleum International (QPI) are buying a package of oil and natural gas assets in Canada from Suncor for $1 billion (£617 million). The bundle includes gas fields, 1 million acres of undeveloped land, a large seismic database and gas processing plants. Based in the Western Canadian Sedimentary Basin, they are […]

Qatar sets up $1bn energy infrastructure fund

Three state-backed companies in Qatar (pictured) are setting up a $1 billion (£662m) fund to invest in energy infrastructure assets overseas. The fund will be run by Qatar Holding (QH), Qatar Petroleum International (QPI) and Qatar Electricity and Water Company (QEWC). QEWC said the fund would be invested in countries outside Qatar in the fields […]

Centrica & Qatari firm $1bn oil and gas buy

British energy giant Centrica and Middle Eastern firm Qatar Petroleum International (QPI) have buying an oil and gas business in Canada for $1billion (£650m) in cash. The pair announced today they will buy the majority of US firm Suncor Energy’s business in the Western Canadian Sedimentary Basin. The assets overlap with some of Centrica’s existing […]