Algeria | Egypt Oil & Gas - Part 13
Algeria to Invest $50b in Oil & Gas
Algeria's hydrocarbon company Sonatrach will invest more than $50b from 2017 to 2021 in exploration projects and production, from which $9b will be directed to new deposits of oil and natural gas, and $40b to the dev ... Algeria Discusses Offshore Drilling Partnerships with Majors
Algeria's Sonatrach wants to start its offshore oil drilling and has begun discussions with U.S. operators ExxonMobil Corp and Anadarko, as well as Italy's Eni.
Algeria to Increase Gas Exports in 2017
Algeria expects to increase exports of natural gas in 2017 to 57bcm, up from the 2016 sales amounting to 54bcm.
Algeria to Export 56bm³ of Gas in 2017
Algeria's gas exports including natural gas and liquefied natural gas are expected to increase from 54bm³ in 2016 to 56bm³ in 2017, up by 5.5%.
Algeria’s Force Majeure Constricts LNG Supplies to France
French gas grid operator GRTgaz said a force majeure in Algeria and tensions in the global gas market were reducing deliveries of liquefied natural gas (LNG) to southern France.
Saudi Arabia Increased Oil Output Reductions
Saudi Arabia reduced oil production to less than 10mb/d, below its targeted level, and will consider renewing its pledge to cut crude output in six months.
Rosneft to Withdraw from Algerian Oil Blocks
Russian Rosneft may soon withdraw from its only project in Algeria, an exploration project which Russia’s oil giant considers to have doubtful prospects.
Sino Tharwa Bids Over a Rig in Algeria
Sino Tharwa Drilling Company had entered a bid in Algeria, through Italian ENI, over renting rig (ST-16) with a capacity of 200 HP.
