- Gas-rich Qatar is looking for opportunities to invest in the US energy market, the Gulf state's Energy Minister Mohammed Saleh al-Sada said on Wednesday.
- Sada said Qatar wanted to build on Doha's good ties with Washington and shrugged off fears about any protectionist policies under US President Donald Trump.
Qatar says oil market can cope with higher shale output, from Reuters:
Higher oil prices may boost shale oil production but the global oil market can accommodate this as demand remains healthy, Qatar's energy minister said on Wednesday.
U.S. energy companies have been adding oil rigs and redeploying cash and workers, cautiously confident the energy sector has turned a corner after the election of President Donald Trump and a commitment signed by OPEC to curb production in the first half of 2017.
Crude prices have held above $50 a barrel since early December, leading to concerns that higher output by U.S. shale producers could offset any further price gains.
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Speaking Of Natural Gas
ONEOK likes what it sees, also. From SNL Daily via investorvillage, data points:
- ONEOK expects NGLs segment to make the biggest contribution to its 2017 earnings
- growth would come mostly from ONEOK's six -- count 'em, six -- natural gas processing plants connected in 2016, as well as from its Bear Creek plant in the Williston Basin and five third-party plants
- drilling activity in NGL-rich shale plays, especially Oklahoma's STACK and SCOOP; and, the Permian is expected to increase
- ONEOK also noted that it has agreed to acquire all of ONEOK Partners LP's outstanding common units it does not already own; deal worth slightly more than $9 billion
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