Smith declined to comment on recent speculation that Wintershall was considering a sale of its stake in Ghasha.
Ajayi noted Egypt relied on gas imports from Israel for domestic demand. “As such the North African nation will have less gas available for LNG exports due to the shutdown of the EMG pipeline.”
The first was on increasing production at Tin Fouyé Tabankort (TFT). The two companies agreed to convert the TFT II and TFT Sud contracts to the new hydrocarbon law, which Algeria passed in December 2019.
The PSC was signed under the 2019 hydrocarbons law. Sonatrach has signed three other such deals, S&P Global has said, with Eni, Sinopec and a consortium of Occidental, Eni and TotalEnergies.
Petrofac (LON: PFC) has confirmed the signing of a $1.5bn deal for a petrochemical complex in Algeria.
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
Sonatrach described the expansion project as one of its pivotal projects, which would help the company expand internationally.
“Our country has, in addition to the advantages in the energy sources from gas and oil, significant potential in the field of solar energy, a vast electricity network, and national and international natural gas transport infrastructure, as well as an industrial fabric”, he said.
The company has also hired consultants to assess Algeria’s shale and non-shale gas resources and consider its contractual terms.
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
Arkab, in a speech, said the country was indebted to those foreign and Algerian workers who had died in the attack.
It also noted that there was scope to develop hydrogen resources within the venture. There was discussion in December, during talks between Algeria and Germany, about the possibility of transporting green hydrogen via Italian links.
"For years, Honeywell neglected to implement sufficient internal accounting controls to mitigate against known corruption risks in countries like Brazil and Algeria," said Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit.
Medgaz wil carry out a study in 2023 on the possibility of blending hydrogen and gas in the pipeline, which runs from Algeria to Spain.
Eni and Sonatrach have ceremonially laid the first stone for a 10 MW solar photovoltaic (PV) plant at Bir Rebaa North (BRN), in southeast Algeria.
Sonatrach has signed a new memorandum of understanding (MoU) with Sinopec, with the aim of expanding the two companies’ co-operation.
Eni has started production at two gas fields in its Berkine Sud contract in Algeria.
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
Sonatrach has made an oil discovery in the Sbaa region, its first in the area for 28 years.
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Petrofac (LON: PFC) has provisionally been awarded a contract for work on a major gas field onshore Algeria.
Spanish transmission operator Enagas has shrugged off disruption to Algerian gas flows via the Medgaz link.
Eni, TotalEnergies, Occidental Petroleum and Sonatrach have signed a production-sharing contract (PSC) extending control over two blocks in Algeria’s Berkine Basin.
Sonatrach has struck a deal to supply France’s Engie with gas via the Medgaz pipeline.