algeria

Algeria: National Oil Company Enlists WorleyParsons’ Help to Boost Output

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

By way of its “SH2030” plan, Algeria’s Sonatrach aspires to become the world’s fifth-largest national oil company (NOC) by the year 2030.

Algeria: Petrofac awarded USD1 billion EPC project

Posted on March 14, 2019March 14, 2019 by Mozambique Resources Post

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.

Algeria: Anadarko expresses willingness to renew its production contracts

Posted on March 12, 2019March 12, 2019 by Mozambique Resources Post

The US group Anadarko, the largest producer of crude oil among Sonatrach’s partners, expressed willingness to renew its production contracts in Algeria and reinforce its activity there, a senior official from Sonatrach told APS.

Africa Oil & Gas: Neptune Energy announces first gas in at Touat

Posted on February 21, 2019February 21, 2019 by Mozambique Resources Post

Neptune Energy and Sonatrach have announced that first gas has gone in to its Touat project in Algeria as part of project commissioning.

Africa Oil & Gas: Algeria’s Sonatrach signs $1 billion gas plant deal

Posted on February 13, 2019February 13, 2019 by Mozambique Resources Post

Algeria’s Sonatrach has signed a $1 billion contract with India’s Larsen & Toubro to build plants to produce 11 million cubic metres of gas per day, Sonatrach’s CEO said on Monday.

Africa Oil & Gas: Algeria’s oil and gas wealth

Posted on February 12, 2019February 12, 2019 by Mozambique Resources Post

Algeria, whose president Abdelaziz Bouteflika will seek a fifth term in April, gets most of its income from oil but was hit hard by falling crude prices in 2014.

Africa Oil & Gas: Algeria cut oil output by 25,000 bpd as part of OPEC+ deal

Posted on January 17, 2019January 17, 2019 by Mozambique Resources Post

Algeria has cut its oil production by around 24,000-25,000 barrels per day since Jan. 1 as part of the OPEC and non-OPEC agreement to reduce output, state-controlled news agency APS quoted an oil official as saying.

Africa Oil & Gas: Algeria eyes Exxon deal, trading JV in first half

Posted on January 17, 2019January 17, 2019 by Mozambique Resources Post

Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday.

Africa Mining: Algeria Signs $6 Billion Phosphate Expansion Deal

Posted on December 19, 2018December 19, 2018 by Mozambique Resources Post

Algeria has entered into a $6 billion phosphate JV deal with a Chinese firm to build a phosphate plant in Tebessa province. The JV deal is between Algeria’s state-run firm Sonatrach, Algerian firms Manal and Asmidal and Chinese state-owned consortium CITIC Group Corp.

Africa Oil & Gas: Eni and Total join forces to explore off Algeria

Posted on November 1, 2018 by Mozambique Resources Post

Italian energy company Eni and its French peer Total have signed a deal to jointly explore for oil and gas in Algeria.

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