Algeria
News
April 05, 2021
Imports jumped 5.8% in March from a year earlier, the biggest increase since March 2020. Demand for the fuel used in heating and power generation had been steadily growing before Covid-19, as nations shift away from coal-fired power over climate concerns.
News
February 08, 2021
The North African nation’s struggling to keep up shipments of oil and gas -- the lifeblood of the economy -- as years of mismanagement and a lack of investment take their toll. The decrease is so severe that Algeria might cease to be an crude exporter within a decade, according to Cherif Belmihoub, a minister in charge of economic projections.
News
February 01, 2021
OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
News
January 04, 2021
The difference of opinion between Saudi Arabia and Russia, the two de-facto leaders of OPEC+, could make for another tricky meeting. While Russia appeared to be outnumbered, the group typically requires a consensus among all members before concluding talks.
News
August 11, 2020
“It’s not that we gave up on selling Algeria,” Hollub said on a call with analysts. “We believe that those assets there are such high quality, they’re going to be very competitive with our domestic assets. We want to be in Algeria.”
News
November 22, 2019
Algeria’s natural gas pipeline exports to Europe are getting squeezed by cheaper Russian supplies and a global abundance of the liquefied form of the fuel.
News
October 14, 2019
Algeria’s cabinet approved a new energy law aimed at boosting investment in the vital hydrocarbon sector, but which has become the latest target for demonstrators demanding the purging of the OPEC member’s old regime.
News
September 11, 2019
Neptune Energy and Sonatrach announced first gas export production from the Touat gas development in Algeria. Touat will deliver around 75,000 boepd at plateau (around 450 MMscf gas.)
News
June 24, 2019
ADES International Holding Plc, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA) through its subsidiaries, has announced that it has been awarded a new two-year contract for its ADMARINE IV offshore jackup rig in Egypt.
News
April 12, 2019
ADES International Holding PLC (ADES or the Group), an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has secured two new contracts for its onshore rigs ADES 2 and ADES 3 in Algeria with Groupement Sonatrach AGIP (GSA).
News
March 17, 2019
Meet the exclusive group of oil producers that nobody wants to join.
News
March 14, 2019
Petrofac has been awarded a contract worth around US$1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria.
News
February 28, 2019
ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has completed the acquisition of four contracted onshore rigs from Weatherford International plc in Algeria.
News
October 29, 2018
The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, signed an agreement today that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin, located in the Algerian desert.
News
October 29, 2018
The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, the CEO of Eni, Claudio Descalzi, and the CEO of Total, Patrick Pouyanné, signed two agreements during the Algeria Future Energy Summit in Algiers today, which include an exclusive partnership for offshore exploration in Algeria.
News
August 29, 2018
Petrofac has received a provisional letter of award for an engineering, procurement and construction (EPC) contract worth $600 million with Sonatrach for EPC1 of the Tinhert Field Development Project in Algeria. Formal contract signing is expected to take place in September 2018.
News
June 28, 2018
Algeria’s energy industry is open for business.
News
May 18, 2017
Crude rebounded after Algeria said a nine-month extension to OPEC’s production curbs would be backed by most participating countries.
News
April 10, 2017
Sonatrach, Algeria’s state energy company, and Total, have signed a comprehensive agreement strengthening the existing partnership between the two companies.
News
March 22, 2017
Algeria’s state-run energy producer plans to boost crude oil output by 14% in the four years to 2019 and invest billions of dollars in exploration projects.
