Oil and gas

September 18, 2019


Lower energy revenue pushes up Algeria's trade deficit

ALGIERS, Sept 16 (Reuters) - Algeria’s energy earnings fell 8.45% in the first seven months of 2019, pushing up the country’s trade deficit by $1.36 billion from the same period a year ago, official data showed on Monday.

Algeria has been trying to cut spending on imports in a bid to cope with a fall in energy revenue, the main source for state finances.


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September 18, 2019


Algeria looks to produce 15,000 MW of electricity by 2030

JIJEL – Minister of Energy Mohamed Arkab said Sunday in Jijel (350 km east of Algiers) that Algeria looks to build power plants to produce 15,000 megawatts of electricity “by 2030” in order to meet the national demand in electricity.”

“Algeria has recorded a peak of electricity consumption exceeding 15,000 megawatts on August 7 at 14:30, an increase of 1,500 megawatts compared to the same period of the previous year,”"...

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September 17, 2019


ViewMedia set to launch digital broadcasting platform in West Africa

UK-based content distributor ViewMedia will launch a new digital broadcast platform on the Amos-17 communication satellite located at the 17 degrees east orbital position above Africa.

ViewMedia's platform on Amos-17's Ku-Band frequency will provide DVBS-2 broadcast services to West Africa for a primarily Francophone audience. Spacecom is partnering with Satellite Mediaport Services (SMS), located in Rugby, UK to provide uplink services"...

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September 17, 2019


IFAD targets 150,000 rural Senegal youth with $93 million agriculture project

About 150,000 rural young people in Senegal – 50 per cent of them women - will benefit from a new US$93.3 million project that aims to create income and decent sustainable jobs in agricultural, pastoral and fishery value chains through entrepreneurship development.

The financing agreement for the Rural Youth Agripreneur Support Project (Agrijeunes Tekki Ndawñi) was signed by correspondence by Gilbert F. Houngbo, President of the International"...

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September 17, 2019


SNC-Lavalin Awarded Oil and Gas Contract from Al Yasat Petroleum, United Arab Emirates

SNC-Lavalin announces that it has been awarded a general engineering, project management and technical support services contract from Al Yasat Petroleum, a joint venture between Abu Dhabi National Oil Company (ADNOC) and China National Petroleum Corporation (CNPC), with an estimated value of approximately $52 million CAD.

Under the three-year agreement, extendable for two years, SNC-Lavalin will partner with"...

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September 12, 2019


Energy: Sonelgaz, Sonatrach works jointly to meet demand

ALGIERS- Algerian groups Sonelgaz and Sonatrach are working together to effectively meet the current and future demand of energy, the chairman of the Algerian Committee on Energy, Chaher Boulakhras, said at the World Energy Congress in Abu Dhabi, United Arab Emirates (September 9-12).

Sonelgaz and Sonatrach are working together to effectively meet current and future demand of energy, especially domestic one, by making energy management and the reliability"...

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September 11, 2019


El-Hadjar complex: Measures to enhance iron ore supply

ALGIERS – Several measures have been decided to increase, as of Monday the supply of the Annaba-based El Hadjar Steel Complex with iron ore, announced the ministry of Industry and Mines in a communiqué.

At a meeting chaired Sunday by the Minister of Industry and Mines, Mrs. Jamila Tamazirt, and bringing together the leaders of the groups Imetal, Sider Annaba and MANAL as well as representatives of the Ministry of Transport and Public"...

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September 3, 2019


Eni discovers gas and condensates onshore Niger Delta

Eni, through its affiliate NAOC (Eni 20%, operator, NNPC 60%, Oando 20%) has made a significant gas and condensate find in the deeper sequences of the Obiafu-Obrikom fields, in OML61, onshore Niger Delta.

The Obiafu-41 Deep well has reached a total depth of 4.374 m encountering an important gas and condensate accumulation within the deltaic sequence of Oligocene age comprising more than 130m of high quality hydrocarbon-bearing sands. The find amounts"...

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September 2, 2019


NNPC, Total to grow production, reserves

The Nigerian National Petroleum Corporation (NNPC) and Total Nigeria have expressed their readiness to work together to grow daily national crude oil and gas production and reserves to meet the national target of 40 billion barrels.

Group Managing Director of the NNPC, Mallam Mele Kyari, and the Country Chair/Managing Director of Total Nigeria, Mr. Mike Sangster, made"...

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August 28, 2019


Noble Energy discovers oil in Equatorial Guinea

Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has announced that U.S. oil and gas company Noble Energy has made a discovery in offshore Block I.

The Aseng 6P well was drilled to a total depth of 4,417 meters. Noble is currently in the process of completing the 400-meter horizontal section of the well and, using existing Aseng field infrastructure, is expected to produce oil from October 2019.


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