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.
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
Neptune Energy has appointed Mehdi Bouguetaia to act as managing director in Algeria.
Sonatrach has increased its stake in the Medgaz pipeline to 51%, following the completion of a deal with Spain’s Cepsa.
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.
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”.
Occidental Petroleum will continue to hold its Algerian assets following its inability to conclude the sale of them to Total.
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 has reached a deal with the US Securities and Exchange Commission (SEC) to pay a fine to resolve sham payments in Algeria by Saipem.
Sonatrach has signed a memorandum of understanding (MoU) with ExxonMobil, shortly after similar agreements were reached with Zarubezhneft and TPAO.
“Baselines matter” is one takeaway from the deal brokered over the weekend to save the market.
A deal that holds the key to Neptune Energy obtaining a stake in a major UK North Sea discovery took a step forward today.