Qatar Petroleum accelerates overseas expansion drive
While international attention is focused on the Qatari state energy company’s flagship domestic LNG project, the firm is quickly building a worldwide portfolio
Government-owned Qatar Petroleum (QP) in late July built on ties with Eni and Total to acquire interests in five exploration blocks in Kenya and Guyana. This is the latest move in a two-year international upstream acquisition spree that has seen the traditionally domestically-focussed company build a substantial portfolio in Africa and the Americas, as well as within the GCC. Global diversification is a long-stated QP aim—one appearing especially prudent in light of its two-year blockade by its GCC peers and rising US-Iranian friction. "QP's international expansion is being driven by corporate strategy," says Lynn Morris-Akinyemi, analyst at consultancy Wood Mackenzie. "It started this lates
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
