Sonatrach plans gradual resumption
Sonatrach workers will return to work in compliance with directives set out by the public authorities, the company said, attempting to quash rumours that this would occur on May 31.
Algeria
Turkey issues warning to Haftar in Libya
Turkey’s Ministry of Foreign Affairs has warned that any attempts by General Khalifa Haftar to target its interests in Libya would have “severe consequences”.
Oxy scraps Algerian sale to Total
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
Descalzi in line for Eni spot despite objections
The Italian government has expressed its support for Claudio Descalzi to remain in his post as CEO of Eni despite misgivings voiced from a number of sources.
Eni pays out to SEC for Saipem case
Eni has reached a deal with the US Securities and Exchange Commission (SEC) to pay a fine to resolve sham payments in Algeria by Saipem.
ExxonMobil signs deal with Sonatrach
Sonatrach has signed a memorandum of understanding (MoU) with ExxonMobil, shortly after similar agreements were reached with Zarubezhneft and TPAO.
Fudging the OPEC+ deal numbers
“Baselines matter” is one takeaway from the deal brokered over the weekend to save the market.
Algerian omission moves Neptune closer to Glengorm stake acquisition
A deal that holds the key to Neptune Energy obtaining a stake in a major UK North Sea discovery took a step forward today.
Sonatrach slashes spending plans
Sonatrach has confirmed it plans to cut its spending in 2020 by 50%, pushing back projects that are not urgent, the company’s CEO Toufik Hakkar told a local newspaper.
African states scramble for coronavirus response
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
Energean’s 2020 capex up 22%
The purchase of Edison E&P will provide Energean with insulation from oil price volatility, although the company has trimmed its capital expenditure plans in 2020.
Sonatrach, Chevron sign MoU
Sonatrach has signed a memorandum of understanding (MoU) with Chevron, the Algerian company said.
Eni, Sonatrach sign gas deal
Sonatrach and Eni Algeria Production have signed an agreement on the marketing of dry gas from the Zemoul El Kbar licence, until 2042.
MENA’s chance at hydrogen exports
The falling cost of renewables offers an opportunity for Middle East and North African states to shift to capitalise on the energy transition – and even export “green molecules” to the world.
Algeria reshuffles Sonatrach leadership, again
Algerian President Abdelmadjid Tebboune has appointed Toufik Hakkar to head up Sonatrach, ousting Kamel Eddine Chikhi. Hakkar was previously a vice president at the group.
Tecnicas, Samsung sign on to Algerian refinery work
Algeria’s Sonatrach has signed an engineering, procurement and construction (EPC) contract with Tecnicas Reunidas and Samsung Engineering on a new refinery at Haoud El Hamra, in Hassi Messaoud.
APICORP alarmed on declining MENA gas spend
Gas investments in the Middle East and North African (MENA) region are declining, according to a report from Saudi Arabia-based Arab Petroleum Investments Corp. (APICORP).
Presidential win for Algerian political insider spurs new unrest
A veteran Algerian politician won a presidential election spurned by most voters, giving fresh impetus to protests demanding a complete revamp of the OPEC member’s political system.
Algeria goes to the polls
Algeria goes to the polls today in a widely disputed election that aims to move the country on from its political quagmire, although this seems unlikely.
Africa makes its case for gas at GECF
The Gas Exporting Countries Forum (GECF) has wrapped up in Malabo, bringing to a close a global discussion on the use and development of gas.
Sonatrach swaps out head
Sonatrach’s new head was installed on November 17, with Kamel Eddine Chikhi replacing Rachid Hachichi at the top of the Algerian energy company.
Cepsa to sell out of Medgaz link
Sonatrach has signed a deal to increase its stake in the Medgaz gas pipeline to 51%, from 43%. The remainder will be held by Naturgy.
Algerian reform efforts trigger protests
Algeria’s cabinet has approved proposed changes to the country’s hydrocarbon law.
Updated: DoJ ends Eni scrutiny over OPL 245, Algeria
The US Department of Justice (DoJ) has ended its investigation of Eni over the OPL 245 affair and Algeria, the Italian company has said, without taking any further action.
Sonatrach reaches out to Chevron
Algeria’s state-owned Sonatrach has held talks with Chevron this week, with technical workshops held in order to consider joint opportunities.