Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Qatargas Operating : reviews performance, challenges and strategic goals at annual Town Hall

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/08/2019 | 03:51am EST

Qatargas Operating Company Limited (Qatargas), has recently held its annual Town Hall meetings in Doha and Al Khor, Qatar.

The Town Hall meeting is an open forum for employees to meet with Qatargas' Chief Executive Officer and the Management Leadership Team for discussions on the Company's performance, future challenges and strategic goals for the year ahead.

During the event, the Company's achievements in 2019 and its strong performance in a wide range of areas were highlighted. The Company maintained a strong environmental and safety performance as it achieved a flaring rate of 0.38 against a target of 0.44 thanks to a successful Flare Reduction Project whereas the greenhouse gas (GHG) emission rate showed 0.35 against a target of 0.42. In the year under review, Laffan Refinery 1 marked 10 years of operation without any Lost Time Incident and the Company successfully completed two key environmental projects: the Waste Materials Management facility and the Treated Industrial and Process Water facility.

In the area of Efficient and Reliable Operations, the liquefied natural gas (LNG) production is on target achieving the best in class reliability performance of 98.8% while the Laffan Refinery achieved a strong reliability of 98.6%, well ahead of the current year targets. The Company also completed successful and safe shutdowns of three of its mega LNG trains to ensure their reliability.

Updates on the North Field Expansion (NFE) and North Filed Production Sustainability (NFPS) projects were provided during the event. While the NFPS project will ensure that the current production capacity of the North Field offshore wells is well maintained into future, the NFE project will further enhance the State of Qatar's production capacity from the current 77 million tonnes per annum (Mtpa) to 110 Mtpa by 2024. Updates on the Barzan Pipeline and Helium 3 projects were also provided during the event.

The 2020 strategic goals, as explained during the meetings, included striving for an Incident and Injury Free workplace, improving uptime availability, reliability and utilisation of the LNG plants to achieve full plant capacity and meet supply rights; and enhancing and promoting reliability culture across the organisation to drive efficiency. In addition, further strategic goals were identified as maximising revenue by penetrating new markets; maximising customer satisfaction while retaining contractual and financial performance; and achieving Qatarization targets through a skill based Qatarization Strategy.

A question and answer session followed in which Khalid bin Khalifa Al Thani, Qatargas CEO, and the management team replied to employee's questions and enquiries on work-related matters.​

Disclaimer

Qatargas Operating Company Limited published this content on 08 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2019 08:50:00 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
10:50aBANK OF CANADA TO LEAVE KEY INTEREST RATE UNCHANGED THIS WEEK : Survey
DJ
10:49aBILL HUIZENGA : Huizenga Fights For Farmers, Calls for Federal Agencies to Hold Hearing in West Michigan
PU
10:48aReceding Risks, Stronger Growth -- Journal Report
DJ
10:48aMoody's Downgrades Protest-Torn Hong Kong, Citing Weak Government
DJ
10:47aAltius Provides 2019 Project Generation Update
AQ
10:25aBritain to set out goals for trade talks with EU - PM Johnson's spokesman
RE
10:25aBoeing customer Air Lease says 'damaged' MAX brand should be dropped
RE
10:24aEXPLAINER : Britain and EU ready to do battle again as trade talks near
RE
10:23aOil rises as Libya declares force majeure in oilfields
RE
10:20aPHILIP GREEN : U.S. judge dismisses assault case against retailer Philip Green - Arcadia
RE
Latest news "Economy & Forex"