WorldOil ADES International acquires onshore drilling operations from Weatherford ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has announced that it has signed a definitive agreement with Weatherford International for the acquisition of 31 onshore drilling rigs for a purchase price of $287.5 million. Companies in the news Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025. Emerging shale oil producer is courting Exxon and Chevron Algeria’s energy industry is open for business. Total reports first gas from Algeria's Timimoun field Total announces first gas from Timimoun field in southwestern Algeria. First gas achieved from Algerian Gas Project Reggane Nord The Groupement Reggane Nord (GRN) consortium, of which DEA is part with a 19.5% stake, announced that production from four out of six Reggane Nord gas fields commenced successfully on Dec. 13, 2017. The first wells have been put in production. DEA, Sonatrach strengthen cooperation with MoU in Algeria DEA Deutsche Erdoel AG and the Algerian state company Sonatrach have signed a Memorandum of Understanding (MoU). The MoU aims at strengthening the cooperation between the two companies and defines the framework for DEA's potential participation in additional upstream projects in Algeria. Regional Report: MENA Middle East/North Africa grapples with production cut commitment, despite urge to boost output Algeria muddles through slump as history deters debt The new realities of global oil markets are yet to convince economic policy makers in Algeria that it’s time for a radical rethink. OPEC insiders reel as key minister is fired during meeting As OPEC ministers gathered in Vienna yesterday to agree a nine-month extension of their oil-supply pact, the man credited with bringing about the landmark deal learned from a news broadcast that he had been fired. Algeria's Sonatrach, Total sign partnership agreement Sonatrach, Algeria’s state energy company, and Total, have signed a comprehensive agreement strengthening the existing partnership between the two companies.