State-owned Qatar Petroleum (QP), through its international arm Qatar Petroleum International (QPI), has made two short strides into North America’s promising upstream sector.

On 15 April, QPI and ExxonMobil signed a Memorandum of Understanding (MOU) for future joint investment in unconventional gas and NGLs in the US. On the same day, QPI and UK-based utility company and upstream producer Centrica announced a $1bn deal to purchase oil and gas assets and exploration acreage in Alberta from Canadian oil sands producer Suncor Energy. (CONTINUED - 737 WORDS)