News / International
Algeria, EU Pledge Action on Improving Investments
On the backdrop of the very first EU-Algeria Energy Business Forum, European Union officials and energy firms urged Algeria to adapt to more competitive energy markets so as to attract the investment needed to pump more gas north again.
Sonatrach to Invest More than $73b By 2020
Algerian national hydrocarbons company Sonatrach plans to invest more than $73b by 2020, being two thirds of that amount for exploration and production, according to the Minister of Energy, Salah Khebr.
Iran to Sign Oil, LPG Deal with Indonesia
Indonesian Energy Minister, Sudirman Said, arrived in Tehran, Iran to discuss bilateral ties and to sign a Memorandum of Understanding (MoU) on the purchase of crude and liquefied petroleum gas (LPG) from Iran.
Algeria’s In Amenas Gas Plant to Re-operate in June
More than tree years after a militants linked to al-Qaeda attacked Algeria's In Amenas gas plant, it started test production at its third train, and will soon be back running at full capacity, a source from the state energy firm Sonatrach.
Sasol Commences Drilling of Mozambique PSA Licence
South African firm Sasol drilled its first well in its new oil and gas field in Mozambique. The plan envisages the development of further hydrocarbon resources that will help to drive the growth of both Mozambique and Southern Africa.
BP Starts Water Injection Project In Gulf of Mexico
The British oil giant BP has begun a water injection project at its Thunder Horse platform in the US Gulf of Mexico. The development is part of BP's plan to add about 800,000boe/d from worldwide projects starting between 2015 and 2020.
Gazprom Announces First Oil Shipped From Arctic Yamal
Russia's Gazprom has started oil shipments from its new Arctic Gate oil loading terminal offshore northern Russia. About 6.3m tonnes of feedstock is planned to be extracted from the field as early as 2018.
Rosneft, Hellenic Petroleum Inked Oil Supplies Agreement
Russia's state-run Rosneft oil company and Greece's Hellenic Petroleum signed an agreement on key conditions for the supply of Russian crude to Greece and the trading of oil products.
