Algeria | Egypt Oil & Gas - Part 14
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, O&G Link informed following the statement from the group’s Vice President for Expl... 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 Exxon Mobil Corp and Anadarko, as well as Italy’s Eni, Reuters reported. As Investopedia explained...
Algeria to Increase Gas Exports in 2017
Algeria expects to increase exports of natural gas in 2017 as it looks to build on its top spot in sales to Spain last year and strong sales to Italy and Portugal, Reuters reported. As Zawya informed, gas exports are ...
Algeria to Export 56bm³ of Gas in 2017
Algeria’s gas exports including natural gas and liquefied natural gas (LNG) are expected to increase from 54bm³ in 2016 to 56bm³ in 2017, up by 5.5%, announced Sonatrach’s Deputy CEO and Chief Marketing Of...
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, Reuters reported. GRTgaz added that lo...
Saudi Arabia Increased Oil Output Reductions
Saudi Arabia’s Energy Minister, Khalid Al-Falih, said that the Kingdom has 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, Oil Price reported. Rosneft is seeking to sell its share in the...
Sino Tharwa Bids Over a Rig in Algeria
In an exclusive statement to Egypt Oil&Gas, an official from Sino Tharwa Drilling Company said that the company had entered a bid in Algeria, through Italian ENI, over renting rig (ST-16), with a capacity of 200 H...
