Chevron and Exxon Plan to Enter Gas Production Projects in Algeria This Year
Algeria’s State Company Sonatrach Plans to Sign an Agreement on the Development of a Large Hydrocarbon Deposit with Chevron, Said the Country’s Minister of Energy Mohamed Arkab The country also expects to sign contracts with ExxonMobil by the end of the year for the development of very important fields that …
Europe Wants to Find an Alternative to Russian Gas Imports in Algeria
Algerian state-owned Sonatrach will sign an agreement to develop a large hydrocarbon field with Chevron in the next few days, said Algerian Energy Minister Mohamed Arkab. According to him, another document is being prepared for signing with ExxonMobil. Agreements with Western companies will concern the development of new hydrocarbon fields …
ExxonMobil Will Explore Opportunities to Develop Hydrocarbon Resources in Algeria’s Ahnet and Gourara Basins
Algeria’s national oil and gas company Sonatrach and the American ExxonMobil have signed a Memorandum of Understanding (MoU). This was reported by the Sonatrach press service. The MoU was signed in the presence of Sonatrach CEO R. Hachichi and ExxonMobil Vice President for Exploration and New Opportunities D. Ardill. It …
American Baker Hughes Will Support a Gas Project in Algeria
American oilfield services company Baker Hughes announced the signing of a major contract with the largest Algerian state-owned oil and gas company SONATRACH, specializing in the production, processing and sale of oil and natural gas. The contract is part of a wider order for the construction of booster plants, Phase …
Algerian Sonatrach Returns to Libya
The Algerian company said it was negotiating the resumption of work on assets in Libya. Sonatrach from Algeria discussed with the Libyan NOC the prospects for resuming geological exploration in blocks 065 and 96/95 in the Ghadames basin in Libya. As the Algerian company clarifies, it is ready to begin …
The heads of Algerian Sonatrach and French TotalEnergies Discussed Strengthening Their Partnership
Rachid Hashishi and Patrick Pouyanné agreed to identify opportunities for cooperation, especially in the field of oil production The CEO of the Algerian state oil and gas company Sonatrach, Rachid Hashishi, met in Algeria with the head of the French oil and gas company TotalEnergies, Patrick Pouyanne. The parties discussed …
TotalEnergies Will Increase Gas Production in Algeria
The French oil and gas company TotalEnergies has entered into an agreement with the Algerian state-owned company Sonatrach aimed at increasing gas production in Algeria, according to a press release from TotalEnergies. The agreement covers gas production at the Tin Fouye Tabankort II (TFT II) and Tin Fouye Tabankort Sud …
Algeria Voluntarily Cut Oil Production in August
Algeria decided in August to voluntarily cut its oil production by another 20,000 bpd, on top of a 48,000 bpd cut that began in May, the country’s energy ministry said. “As part of the joint efforts of the OPEC+ countries and in support of additional cuts envisaged by the Kingdom …
OPEC Daily Basket Price Stood at $65.04 a barrel Wednesday, 6 March 2019
The price of OPEC basket of fourteen crudes stood at $65.04 a barrel on Wednesday, compared with $64.98 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), …
Viktor Zubkov and Algerian Ambassador Smail Chergui discuss bilateral cooperation in energy sector
A meeting between Viktor Zubkov, Russian Special Presidential Representative for Cooperation with Gas Exporting Countries Forum, Chairman of the Gazprom Board of Directors and Smail Chergui, Ambassador Extraordinary and Plenipotentiary of the People’s Democratic Republic of Algeria to Russia took place in Moscow. The meeting addressed the bilateral cooperation in the energy sector as well as the status of joint projects with Gazprom. The …