Algeria | Egypt Oil & Gas - Part 9

Sonatrach Signs Contract with Maire Tecnimont for Algeria LPG Train

Algerian state energy firm Sonatrach has signed a contract with Italy’s Maire Tecnimont for the LPG Train 4 - ZCINA Hassi Messaoud project in Algeria.

Sonatrach Signs Offshore Exploration Deals with Eni, Total

State-owned Algerian firm Sonatrach has signed two offshore exploration contracts with oil majors Eni and Total.

UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019

The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.

OPEC non-OPEC Producers Won’t Increase Oil Output: Sources

A meeting between allied OPEC and non-OPEC oil producers to be held on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June.

Algeria Crude Exports Down 2.8% in Q1 2018

Algeria’s oil and gas exports fell 2.8% year-on-year (YOY) in Q1 2018 due to higher domestic consumption and lowered production.

Algeria to Build New Pipeline by 2020: Sonatrach

Sonatrach will invest $280 million to build a gas pipeline that will link to two existing pipelines between Spain and North Africa.

Algeria Awards $248M EPC Contract to Maire Tecnimont

Italian Maire Tecnimont has been provisionally awarded an engineering, procurement, and construction (EPC) contract worth $248 million by Algerian national oil company Sonatrach to build a liquefied petroleum gas ...

Petrofac Wins $600M Algeria EPC contract

Oil field services company Petrofac has received a provisional letter of award for a $600 million engineering, procurement and construction (EPC) contract in Algeria.

OPEC Supply Cuts: Oil Production 9% Lower than Agreed

Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee.

OPEC to Agree Oil Supply Monitoring Mechanism: Kuwait Minister

OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated.

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