Oil and gas

July 18, 2019


Political situation in Algeria: Hydrocarbon sector still attractive

ALGIERS- Foreign firms continue to show special interest in the Algerian market of hydrocarbons, denying some “analyzes” about imminent disinvestment in the sector owing to the political situation in the country.

Algeria has managed to retain its customers and attract new ones during the worst periods it had gone through, thanks to its energy development"...

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July 16, 2019


Seabed Geosolutions wins 4D ocean bottom node survey, offshore West Africa

Seabed Geosolutions has been awarded a 4D ocean bottom node (OBN) monitor survey in West Africa for a major oil company.

Seabed Geosolutions collects geophysical data on the seabed through an array of imaging technologies for oil and gas companies, focused on the development and production phases of their fields.

The project, for which the data is expected to be acquired"...

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July 10, 2019


Eni, Sonatrach to accelerate developments in Algeria

Sonatrach and Eni Chief Executive Officers, Rachid Hachichi and Claudio Descalzi, held a meeting in Algiers to review the progress made on the activities taking place in the country.

Sonatrach and Eni confirmed the intention to accelerate the development of new oil&gas projects in North Berkine, that will lead to a significant increase in national production. The"...

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July 8, 2019


Greater Tortue Ahmeyim-1 well expands natural gas resource potential offshore Mauritania and Senegal

Kosmos Energy announced that the Greater Tortue Ahmeyim-1 well (GTA-1), drilled on the eastern anticline within the unit development area of Greater Tortue, has encountered approximately 30 meters of net gas pay in high-quality Albian reservoir.

The Greater Tortue Ahmeyim LNG project is on track to deliver first gas in the first half of 2022, and the well (which has been designed as a future producer) will be used to further optimize the development"...

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July 7, 2019


Bidding Deadline for Equatorial Guinea’s Oil, Gas and Mining Licenses Set for September 2019

The bidding deadline for Equatorial Guinea’s oil, gas and mining licenses has been set for September 27th, 2019 following a successful Roadshow that sought to attract investors in China.

Winners of the bidding process, known as the ‘ EG Ronda Licensing Round’, will be announced at the much-anticipated Gas Exporting Countries Forum’s 5th Gas Summit in Malabo on November 27th, 2019.


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July 2, 2019


KOC Awards Halliburton Integrated Offshore Services Contract

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. Through Halliburton Project Management, the Company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton will provide the offshore rigs and supply vessels"...

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July 1, 2019


OPEC Set to Prolong Oil Output Cuts after Moscow-Riyadh Deal

OPEC and its allies are set this week to prolong oil output cuts to further boost prices, after the two biggest players Russia and Saudi Arabia agreed to do so.

Ministers from the 14-nation Organization of the Petroleum Exporting Countries (OPEC) meet in Vienna on Monday to discuss output, before gathering a day later for OPEC+, a group of 24 oil-producing countries that includes Russia.


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June 27, 2019


ADES secures new contract in Egypt, extends contract in Algeria

ADES International Holding, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA) through its subsidiaries, is pleased to announce that it has been awarded a new two-year contract for its ADMARINE IV offshore jack-up rig in Egypt and has signed a one-year contract extension for its onshore rig RIG 828 in Algeria.

The ADMARINE IV contract was awarded by a leading Egyptian energy company through"...

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June 27, 2019


Italy's Enel extends Algerian gas import deal with Sonatrach to 2028

Italy's Enel has agreed to extend its Algerian gas import deal with state-owned Sonatrach to 2028, with the possibility of adding a further two years to the agreement at a later date, the utility said Wednesday.

Enel's existing long-term gas import deal with Sonatrach from 1997 -- which was originally for some 6 Bcm/year -- was due to expire at the end of 2019.


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June 26, 2019


USTDA, UOP to Develop Human Resources for Dangote Refinery

The Dangote Oil Refining Company, the United States Trade and Development Agency (USTDA) and UOP, a division of Honeywell International, Incorporated have commenced a training programme for the development of critical human talents necessary to operate and maintain a petroleum refinery of the magnitude of Dangote Refinery.

The training, which kicked off at the Dangote Academy, Ikeja, Lagos, involves intensive training of 50 Dangote company engineers."...

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