January 04, 2021
The difference of opinion between Saudi Arabia and Russia, the two de-facto leaders of OPEC+, could make for another tricky meeting. While Russia appeared to be outnumbered, the group typically requires a consensus among all members before concluding talks.
November 22, 2019
Algeria’s natural gas pipeline exports to Europe are getting squeezed by cheaper Russian supplies and a global abundance of the liquefied form of the fuel.
October 14, 2019
Algeria’s cabinet approved a new energy law aimed at boosting investment in the vital hydrocarbon sector, but which has become the latest target for demonstrators demanding the purging of the OPEC member’s old regime.
September 11, 2019
Neptune Energy and Sonatrach announced first gas export production from the Touat gas development in Algeria. Touat will deliver around 75,000 boepd at plateau (around 450 MMscf gas.)
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.
May 18, 2017
Crude rebounded after Algeria said a nine-month extension to OPEC’s production curbs would be backed by most participating countries.
April 10, 2017
Sonatrach, Algeria’s state energy company, and Total, have signed a comprehensive agreement strengthening the existing partnership between the two companies.
March 22, 2017
Algeria’s state-run energy producer plans to boost crude oil output by 14% in the four years to 2019 and invest billions of dollars in exploration projects.