Sonatrach head visits Touat, commits to ethics code
Sonatrach CEO Toufik Hakkar has visited Algeria’s southwest, seeing the Touat and North Reggane facilities.
Algeria
Pertamina signs MoU with Sonatrach
Indonesia’s Pertamina has signed a memorandum of understanding (MoU) with Algeria’s Sonatrach.
Sonatrach’s Skikda shuts down on turbine problem
Sonatrach has shut down its Skikda LNG complex following a gas turbine problem.
Mobilisation and MoUs as Algeria heads to vote
Algeria will hold its legislative elections on June 12, offering a slim opportunity for change – although with concerns already around turnout and legitimacy.
BP, Eni talk potential deals in Algeria – report
BP is considering the transfer of its assets in Algeria to Eni, according to a report from Reuters.
Gazprom plans Libya production boost following restart
Gazprom EP International has restarted production in Libya, where it works with Wintershall Dea.
Sinopec eyes Algeria licence extension
Sinopec has signed a memorandum of understanding (MoU) with Sonatrach, with a focus on its Zarzaitine licence.
Equinor signs up with Sonatrach
Equinor is the latest company to sign a memorandum of understanding (MoU) with Algeria’s Sonatrach.
Algeria launches new Medgaz tie in
Algerian Minister of Energy and Mines Mohamed Arkab has inaugurated the EGPDF pipeline, which links in to the Medgaz pipeline.
Sonatrach considers Libyan return following talks
Sonatrach has discussed the possibility of returning to work in Libya, at Contract Areas 065 and 96/95.
Energean targets two years to transformation
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
Sonatrach terminates Petroceltic court, faces legal action
Sonatrach has pulled the plug on the Isarene permit, held by Petroceltic International.
Shell signs MoU with Sonatrach
Shell signed a memorandum of understanding (MoU) with Sonatrach last week, looking at potential trading opportunities.
OPEC+ panel revises down oil-demand estimate on Saudi suggestion
A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021 after Saudi Arabia suggested that the figure looked too high, delegates said.
Eni to relaunch Berkine work in Algeria deal
Eni has signed a number of agreements, including on relaunching exploration and development, with Algeria’s Sonatrach.
Energy transition ‘nightmare’ for traditional exporters
The energy transition is a “political risk nightmare” for hydrocarbon-export reliant states, a new report from Verisk Maplecroft has said.
Saudi Arabia wealth fund to buy ADES
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
Why gas flaring should be in the spotlight at COP26
At COP21 in Paris in 2015, 11 countries made gas flaring a stated commitment to their Paris Nationally Determined Commitments (NDCs). Disappointingly, five years on, flaring has increased for these 11 countries, by 6% to 60 billion cubic metres per year.
Oxy makes Abu Dhabi find
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
Algeria combines energy, mining ministries
Algerian President Abdelmadjid Tebboune has carried out a reshuffle, appointing a new energy minister.
NOC spending plans at risk from climate goals
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
An oil country no more? Algerian energy exports sink rapidly
Algeria’s energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
Sonatrach steps it up for 2021
Sonatrach will invest $40 billion over the next five years, of which 51% will be in dinars, the company’s CEO Toufik Hakkar has said.
Sonelgaz, Gecol sign power deal
Algeria’s Sonelgaz has signed a memorandum of understanding (MoU) with Libyan power producer Gecol.
Eni lines up Berkine work with solar push
Eni has struck a new deal for work in Algeria, with a focus on the Berkine Basin, under the new oil law.