Oil and gas

January 31, 2015

1

Eni’s Director visits Algeria secretly

Eni’s Excutive Director Claudio Descalzi paid a secret official visit to Algeria last week and met with Sonatrach’s senior officials, he told Parliament on Wednesday.


“We are still present in Algeria. We have an excellent relation with it,” Descalzi said, in an answer to questions asked by members of Parliament.


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January 31, 2015

2

Partnership between Sonatrach, GE to manufacture equipment for oil, gas industry

The national hydrocarbon group Sonatrach and the American company General Electric (GE) signed Thursday in Algiers a memorandum of understanding on the creation of a joint company for the manufacturing of equipment used in oil and gas industry.


This new unit, of which Sonatrach will hold 51% stake through the oil services holding (SPP) while 49% will be held by GE,"...

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January 29, 2015

3

Shale: Sonatrach masters hydraulic fracturing, CEO stresses

Sonatrach masters hydraulic fracturing which is a technique already used by the company since the 1990s, but without having an impact on the environment, said the interim CEO of Sonatrach, Said Sahnoun in an interview with APS.


"We have applied this technique in 1992 in Hassi R'Mel on (geological) formations, which are not thin and from which we extracted oil through"...

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January 29, 2015

4

SONATRACH maintains its investments despite falling oil prices

The national hydrocarbon company SONATRACH will maintain its investment projects despite the significant drop in oil prices, said its interim CEO Said Sahnoun in an interview with APS.


SONATRACH "will maintain its development momentum, part of its 2015-2019 investment plan," said Sahnoun in reply to a question about whether the national oil group would suspend some"...

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January 29, 2015

5

Shale Gas: “Sonatrach masters hydraulic fracking process”, acting CEO says

Sonatrach masters hydraulic fracturing or fracking process which is a technique already used by the national company since the 1990s, but without having a negative impact on the environment, said the acting CEO of Sonatrach, Said Sahnoun in an interview with APS news agency.


"We implemented this technique in 1992 in Hassi R'Mel on geological formations, which"...

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January 28, 2015

6

Exploitation of shale gas not yet on agenda, says President Bouteflika

The exploitation of shale gas in Algeria "is not yet on the agenda," said Tuesday President of the Republic Abdelaziz Bouteflika.


Speaking during a restricted meeting devoted to local development in southern and High Plateaux provinces, President Bouteflika underlined the "misunderstandings and concerns" following the preliminary tests in the field of shale gas.

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January 27, 2015

7

Algeria, Niger seek to enhance energy cooperation

Minister of Energy Youcef Yousfi brought up Monday with Niger's Minister of Oil and Energy, Foumakoye Gado, in Algiers, the development of energy cooperation between the two countries.


The meeting was held as part of a three-day state visit Niger's president, Mahamadou Issoufou, has paid to Algeria, leading a large delegation.


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January 24, 2015

9

Algeria in phase of assessing shale gas reserves, says Yousfi

Energy Minister Youcef Yousfi said Thursday that Algeria is in the phase of assessing its shale gas reserves, which will be spread over four year duration.


"Currently, we are assessing the extraction techniques and studying the commercial viability of the Ahnet basin," Yousfi told the People’s National Assembly (APN)’s Committee on Economic Affairs, Development,"...

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January 24, 2015

10

Algeria to increase capacity of renewable energy projects to 25,000 MW

Algeria will increase the renewable energy projects production capacity, bringing them to 25,000 MW instead of 12,000 MW decided in 2011, Minister of Energy Youcef Yousfi said Thursday in Algiers.


Speaking to the People’s National Assembly (APN)’s Committee on Economic Affairs, the minister said that in the coming weeks, the ministry will present an update"...

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