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 has pulled the plug on the Isarene permit, held by Petroceltic International.
Shell signed a memorandum of understanding (MoU) with Sonatrach last week, looking at potential trading opportunities.
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 has signed a number of agreements, including on relaunching exploration and development, with Algeria’s Sonatrach.
The energy transition is a “political risk nightmare” for hydrocarbon-export reliant states, a new report from Verisk Maplecroft has said.
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
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.
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
Algerian President Abdelmadjid Tebboune has carried out a reshuffle, appointing a new energy minister.
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
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 will invest $40 billion over the next five years, of which 51% will be in dinars, the company’s CEO Toufik Hakkar has said.
Algeria’s Sonelgaz has signed a memorandum of understanding (MoU) with Libyan power producer Gecol.
Eni has struck a new deal for work in Algeria, with a focus on the Berkine Basin, under the new oil law.
Rising COVID-19 numbers in Algeria have driven Sonatrach boss Toufik Hakkar to call for employees to increase their vigilance.
Sonatrach has brought a fire at the El Merk processing plant under control.
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).
Senior Sonatrach executives have held a meeting with Naturgy to review gas agreements.
Sonatrach has signed contracts with six domestic companies on the construction of networks and pipelines.
Occidental Petroleum intends to keep production flat in 2021 but one bright spot for the company is Algeria.
Sonatrach has signed gas agreements with Eni following a high-level meeting in Algiers.
Neptune Energy today announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz (GTG).
Sonatrach and Total have agreed to extend their LNG supply deal for another three years.
Algeria’s Sonatrach has signed a deal with Societe Tunisienne de l'Electricite et du Gaz (STEG) extending gas supplies.