Oil & Gas

Wars, coups, whatever. Nothing stops Europe’s No. 3 gas supplier

Arab Spring-style protests have rocked Europe’s third-biggest natural gas supplier. Thousands of young Algerians have taken to the streets, fed up with an octogenarian president who’s been in power for 20 years and a weak economy that doesn’t generate enough jobs. While the rare public display of dissatisfaction has sparked a political crisis in the authoritarian state, the country’s energy exports haven’t been disrupted.

Oil & Gas

Court ruling stings Saipem for $135m

Italian oil service company Saipem said today that it had been ordered to pay Algerian firm Sonatrach $135million in compensation in connection with a construction project.