algeria – Page 4

Africa Oil & Gas: Algeria to amend energy law by 2018

Posted on October 17, 2017October 17, 2017 by Mozambique Resources Post

Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities said on Monday, giving the first timeline for a much-anticipated move.

Africa Oil & Gas: Sonatrach to boost output from Rhourde El Baguel field, Algeria

Posted on September 19, 2017 by Mozambique Resources Post

Algeria’s state-run energy firm Sonatrach will boost gas output by 10 million cubic metres per day at its giant Hassi Messaoud field and will then increase output by 6 mcm a day at nearby Rhourde el Baguel oil field, its chief executive said.

Africa Oil & Gas: Sonatrach to Boost Output 20% With New Projects in Algeria

Posted on December 29, 2016 by Mozambique Resources Post

Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20 percent in the next four years as new projects start up, Salah Mekmouche, the company’s vice president of exploration and production, said.

Africa Oil & Gas: Sonatrach awards JGC $1.4 billion deal for Hassi Rmel gas field

Posted on October 12, 2016 by Mozambique Resources Post

Algeria’s state energy company Sonatrach has awarded Japanese firm JGC Corp a $1.4 billion contract to boost production at its largest gas field in Hassi Rmel, according to an internal Sonatrach document seen by Reuters. It was the second contract for JGC in 2016, the first one included boosting output at Algeria’s biggest oil field Hassi Messaoud, awarded in March for $339 million.

Global Oil & Gas: Higher OPEC production threatens Algiers deal

Posted on October 12, 2016 by Mozambique Resources Post

The IEA also said that OPEC’s rising production threatens to overwhelm the planned production cuts announced in Algeria last month. OPEC’s oil output rose by 160,000 barrels per day in September to an all-time high of 33.64 mb/d.

OILPRICE: If A Cut Is Going To Come It Won’t Be From OPEC

Posted on February 15, 2016 by Mozambique Resources Post

The latest OPEC Monthly Oil Market Report is just out. The data is “Crude Only” production and does not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. The charts do not include Indonesia. That will be added within the next few months when I am able to get better historical data for Indonesian crude only production.

Global Oil and Gas Market: EU prepares for Russian gas cuts

Posted on September 5, 2014 by Mozambique Resources Post

The European Union is preparing to take precautionary measures in case the biggest gas supplier, Russia, cuts its export this winter due to the crisis Ukraine. Measures could include the ban to companies selling imported LNG outside Europe, the order to keep more gas in reserve and the order to industry to stop using gas, reports Reuters. EU could be taking steps to ensure a more coordinated use of LNG regasification facilities as well as…

Africa Oil & Gas Industry: PTTEP Seeks Upstream Investment Opportunities in Africa

Posted on May 23, 2014May 27, 2014 by Mozambique Resources Post

Thailand’s upstream petroleum company PTT Exploration and Production Plc (PTTEP) is exploring opportunities to invest in Africa beyond Algeria, Kenya and Mozambique, where it already has investments, a senior official was quoted as saying in local daily Bangkok Post Friday.

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